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Few things are more dazzling and impressive than a large, glistening diamond. The valuable gems are one of the most beautiful and labor-intensive gifts from Mother Nature. Of course, the larger ones weighing 100 carats or more are even rarer and more special. If 2019 was a year of transition and growing pains for the diamond sector, the coronavirus outbreak has loomed large over 2020. Even so, it’s been a fruitful period for some diamond miners, with a number of companies bringing home major finds. Read on for a list of 2020’s largest diamond finds to date, and stay tuned for new additions to the list.
Tiffany & Co. wants to ease customers’ concerns about human rights abuses in the diamond industry by providing them with an unprecedented amount of detail about the precious stones it sells. Beginning in October, the 183-year-old luxury retailer will provide expanded origin details for newly sourced, individually registered diamonds that trace the stone’s path from the ground to the jewelry case.
The diamond industry was optimistic at the start of 2020. After a tough 2019, where diamond prices hit multi-year lows and jewellery demand was lower thanks to the Hong Kong protests and general macroeconomic uncertainty, Anglo American (AAL) subsidiary De Beers had reported a year-on-year increase at its first sale of the year, which they call a sight. Now, mine closures threaten smaller diamond and precious stone miners, while the cut in supply might not be enough to make up for the fall in demand from Covid-19.