DiamondBuzz
Lucara Sells 2,488-Carat Motswedi,The World’s Second-Largest Diamond
Recovered In August 2024 At The Karowe Mine In Botswana, Originally Weighing 2,492 Carats Before Cleaning
Lucara Diamond Corp. sold the 2,488-carat Motswedi, the world’s second-largest rough diamond behind the iconic 3,106-carat Cullinan.
Neither the sale price nor the buyer (whether HB Trading, a museum, or a private collector) was disclosed.
Recovered in August 2024 at the Karowe mine in Botswana, originally weighing 2,492 carats before cleaning
The sale was included in Lucara’s Q2 revenue of $41.0 million, representing a 6% year-over-year dip (down from $43.7 million in Q2 of the prior year).
Unclear Share: Lucara did not specify what portion of the $41.0 million total came directly from Motswedi.
DiamondBuzz
CIBJO Backs ‘synthetic’ As Sole Label For Man-Made Diamonds
CIBJO’s Laboratory-Grown Diamond Committee, Told Delegates That “Synthetic” Remains The Primary Term Recognized By Consumers, Despite A Formal Push From The Sector’s Steering Committee To Defer The Ruling and Authorize “Laboratory-Grown.”
The World Jewellery Confederation (CIBJO) has recommended “synthetic” as the only acceptable descriptor for non-mined diamonds, rejecting calls from trade leaders to permit the term “laboratory-grown,” the organization said on Monday.
The decision, finalized at the closing session of the 2026 CIBJO Congress, deepens a global divide over gemstone terminology at a time when manufactured stones are rapidly eroding the market share and pricing power of mined gems.
CIBJO’s Laboratory-Grown Diamond Committee, told delegates that “synthetic” remains the primary term recognized by consumers, despite a formal push from the sector’s steering committee to defer the ruling and authorize “laboratory-grown.”
CIBJO’s move aligns with a growing regulatory push in several major markets. France restricted terminology to “synthetic” in 2024, Russia followed suit in June, and the London Diamond Bourse endorsed the single descriptor on Sunday. In May, the African Diamond Producers Association also tightened descriptor rules to shield the natural diamond trade.
In contrast, regulators and retailers in the United States and India have favored consumer-friendly phrases such as “lab-grown” or “laboratory-grown.” The commercial stakes are particularly high in the U.S., where synthetic stones now account for more than half of all engagement ring sales by volume, applying severe downward price pressure on natural rough and polished stones.
CIBJO, which began moving to strike “lab-grown” from its influential Diamond Blue Book standards last year, warned that the diverging legal frameworks are leaving the global market increasingly fragmented.
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