DiamondBuzz
NDC survey finds Meghan Markle has most popular celebrity engagement ring
The Duchess of Sussex’s ring, was the number-one choice in a poll of 2,000 adults living in the UK
Meghan Markle is the celebrity with the best engagement ring, according to a survey from the Natural Diamond Council (NDC). The Duchess of Sussex’s ring, which features a cushion-cut center stone sourced from Botswana between two smaller diamonds from Princess Diana’s personal collection, was the number-one choice in a poll of 2,000 adults living in the UK, the NDC said Tuesday. Meanwhile, actress Mila Kunis’s round brilliant diamond engagement ring from actor Ashton Kutcher came in second, while singer Adele’s pear-shaped jewel ranked third. Kate Middleton’s ring, featuring an oval blue sapphire center stone with a diamond-halo surround nabbed the fourth spot, while newly engaged Zendaya’s east-west emerald-cut diamond ring from Tom Holland placed number five.
The survey also delved into respondents’ personal preferences, the NDC noted. Nearly half of respondents said if money were no object, they would prefer a white diamond. However, those aged 18 to 24 stated they would opt for a colored diamond, the study found. When it came to cut, round brilliant and emerald were the most popular, each nabbing 12% of the vote. Respondents aged 65 or older preferred rounds, while those between 18 and 24 chose ovals.
DiamondBuzz
Lesotho’s Kao Diamond Mine To Halt Operations Amid Industry Slump
The Mine’s Operator, Storm Mountain, Cited A Severe Financial Crisis Driven By A Prolonged Drop In Global Rough-diamond Prices, Rising Middle East Conflict
Lesotho’s largest diamond mine, Kao, will cease operations on June 30 and transition to care and maintenance. The mine’s operator, Storm Mountain, cited a severe financial crisis driven by a prolonged drop in global rough-diamond prices, rising Middle East conflict-related fuel costs, and stiff competition from lab-grown diamonds.
Despite a warning last October that the mine required $13 million in fresh capital to survive, the necessary investment did not materialise. According to CEO Neo Hoala, the steep market decline made continued operations unsustainable. The shutdown will impact roughly 750 workers.
The mine’s financial downturn is stark: in 2024, Storm Mountain sold 250,000 carats for $50 million—a massive drop from its $105 million revenue in 2022. Kao’s suspension reflects a broader crisis in the diamond sector, following recent insolvencies and closures at Canada’s Ekati mine and South Africa’s Ekapa and Finsch mines.
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