Last year, on 28 November 2019, Netflix released a documentary about diamonds, as part of Vox’s Explained series. A 23 minute summary of our (billion years to present day) industry.
With well known names and faces featuring in the show and voicing their expert opinion. Remember reading about Karen Smit (link) on The Carat Soup?
When asked about the pressure under which diamonds form, Smit the GIA Research Scientist said: “If you think of 80 elephants standing on your big toe, that is the pressure that is equivalent to five to six gigapascals.” What a visual!
Other topics discussed include diamond formation, demand for diamonds, the current retail environment and of course the inevitable topic of lab grown diamonds.
In December 2019, it was confirmed that Graff Diamonds – British diamond and fine jewellery behemoth – bought a daring and delightful coloured diamond from Alrosa – Russian diamond mining company. The latter are responsible for 20%+ of diamonds on the international market.
The Alrosa CEO, Sergey Ivanov said:
“We are delighted to see that such a beautiful exceptional diamond has found an equally exceptional owner. Without a doubt, it could be a heart for a magnificent exclusive jewelry piece.It is more than just a regular deal for ALROSA. This is the first direct purchase of Graff made without intermediaries, and we hope that it will be the beginning of a new phase of our work. We pleased to see the trust of major industry players, which, among other things, was made possible thanks to our efforts in the field of business transparency, diamond provenance guarantees and our high contribution to society.”