DiamondBuzz
De Beers Sightholders report shortages of large diamonds
Rough diamonds above 5 carats were in tight supply at this week’s sight, customers reported, with explanations ranging from production cuts to ’ strategy of withholding supply. The February trading session saw stable prices in the vast majority of categories, as the miner maintained its policy of not flooding the market, insiders said this week.
The lack of large stones has puzzled some, since De Beers is reportedly sitting on $2 billion of inventories, its largest since the 2008 financial crisis. Many market insiders viewed it as a positive that these sizes were hard to find, reflecting that the categories had sold better in the past few sights. The resultant polished — mostly 2 carats and larger — has performed better in the recent downturn than 0.30- to 2 carat goods.
Some point to a tactical effort by De Beers to limit supply — either to protect the market or to reward sightholders that purchase less sought-after items.
SOURCE: RAPAPORT
DiamondBuzz
Christie’s To Present 5.5 cts “Ocean Dream” At Geneva Magnificent Jewels Sale, Expected To Achieve Up To USD 12.8 Million
Ocean Dream, The Largest Known Fancy Vivid Blue-Green Diamond In Existence, Classified As A Rare Type IIA STONE.
Christie’s has announced the upcoming offering of the Ocean Dream, the largest known fancy vivid blue-green diamond in existence, at its prestigious Magnificent Jewels auction in Geneva in May 2026. The extraordinary gemstone is expected to achieve up to CHF 10 million (approximately USD 12.8 million).
Weighing 5.50 carats, the triangular-cut diamond is graded fancy vivid blue-green, SI1 clarity, and classified as a rare Type IIa stone. The gem is set in a ring featuring an intricate mount adorned with sculpted rock crystal, alongside round and pink diamonds, underscoring its exceptional craftsmanship and design.
Certified by the Gemological Institute of America, the Ocean Dream holds the distinction of being the largest vivid blue-green diamond ever graded by the institute. The polished gem originated from an 11.70-carat rough discovered in Central Africa, further enhancing its provenance and rarity.
This marks only the second time the Ocean Dream has been presented at auction. It was previously sold by Christie’s in Geneva in May 2014, achieving CHF 7.8 million (approximately USD 8.7 million at the time), and has since remained in a single private collection for over a decade.
The diamond’s legacy is further enriched by its inclusion in the renowned “Splendor of Diamonds” exhibition at the Smithsonian Institution National Museum of Natural History in 2003, where it was recognized as one of the world’s most exceptional diamonds.
Zoya Unveils Its Second Boutique In Bengaluru At The Leela Palace
Limelight Lab Grown Diamonds Reports Surge In First Time Buyers, Signaling New Akshaya Tritiya Trend!
Christie’s To Present 5.5 cts “Ocean Dream” At Geneva Magnificent Jewels Sale, Expected To Achieve Up To USD 12.8 Million
Zoya Unveils Its Second Boutique In Bengaluru At The Leela Palace
Limelight Lab Grown Diamonds Reports Surge In First Time Buyers, Signaling New Akshaya Tritiya Trend!
GJEPC Participates in High-Level Paris Roundtable on Kimberley Process Relevance
-
National News12 hours agoZoya Unveils Its Second Boutique In Bengaluru At The Leela Palace
-
National News2 days agoAKSHAYA TRITIYA 2026- Gold Exchange, Lightweight & Diamonds- How Akshaya Tritiya 2026 Rewrote The Festive Playbook
-
National News14 hours agoLimelight Lab Grown Diamonds Reports Surge In First Time Buyers, Signaling New Akshaya Tritiya Trend!
-
International News15 hours agoGJEPC Participates in High-Level Paris Roundtable on Kimberley Process Relevance
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.