7.46-carat diamond discovered at Arkansas state park by French tourist

Julien Navas, of Paris, France, found a 7.46-carat diamond while visiting the Crater of Diamonds State Park in Murfreesboro, Arkansas earlier this month

A French tourist found a 7.46-carat diamond while visiting the Crater of Diamonds State Park in Murfreesboro, Arkansas.

Julien Navas, of Paris, found the diamond earlier this month on the surface of the park’s 37.5-acre search area, according to a news release from Arkansas State Parks.

The park had received more than an inch of rain a few days before Navas’ visit, according to the news release, which made it a wet and muddy day. After buying his ticket and renting a diamond-hunting kit from the park, Navas got to work.

“I got to the park around nine o’clock and started to dig,” Navas said in the news release. “That was back-breaking work so by the afternoon I was mainly looking on top of the ground for anything that stood out.”

After searching for several hours, Navas took his findings to the park’s Diamond Discovery Center, where he learned he had discovered a brown diamond.

According to Arkansas State Parks, Navas’ diamond is rounded like a marble and about the size of a candy gumdrop.

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Julien Navas, of Paris, France, found a 7.46-carat diamond while visiting the Crater of Diamonds State Park in Murfreesboro, Arkansas earlier this month.

“I am so happy! All I can think

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DMCC announces $38.3 billion in 2023 diamond trade

Despite a global 20 per cent drop in rough diamond prices, the UAE’s rough diamond trade only decreased by 13 per cent year-on-year in 2023, maintaining robust volumes, DMCC reported. A total of $21.3 billion of rough diamonds were traded in the UAE in 2023.

Historically focused on rough diamonds, Dubai’s diamond industry now sees polished diamonds contributing 44 per cent to the total trade value. The Gemological Institute of America’s new laboratory in Dubai, opened in February 2024, is expected to boost the sector further.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said. “Our appeal to diamond industry segments worldwide is exemplified by our ability to maintain strong trade volumes in rough whilst rapidly advancing polished and lab-grown diamonds.”

He added, “The polished segment now represents almost half of our diamond trade, consolidating our status as the world’s number one hub for rough and polished and, with major industry players continuing to be drawn to Dubai away from the old hubs of yesterday, DMCC will continue to set the benchmark for the services and value that diamond traders need to grow and prosper.”

Dubai has also bolstered the support it provides for traders of lab-grown diamonds

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French tourist finds 7.46-carat diamond in US national park

A French tourist struck luck on a visit to a US national park when he found a 7.46-carat diamond in 37 acres of muddy earth.

Julien Navas from Paris was visiting Arkansas‘ Crater of Diamonds State Park for the first time during a trip to the US to see the Vulcan Centaur rocket launch from Cape Canaveral when he made his discovery.

The park is one of the few places in the world where the public can search for real diamonds.

“I got to the park around nine o’clock and started to dig,” Mr Navas said.

“That was back-breaking work so by the afternoon I was mainly looking on top of the ground for anything that stood out.”

Heavy rainfall a few days before Mr Navas visit helped to wash away the dirt and uncover heavy rocks, minerals and diamonds near the surface, according to assistant park superintendent Waymon Cox.

After several hours of searching, Mr Navas carried his finds to the park’s Diamond Discovery Center, where he was told he had discovered a brown diamond weighing 7.46 carats.

People dig for diamonds at Crater of Diamonds State Park. Credits: Crater of Diamonds State Park

When he learned he

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What Does a Risk Analysis Say About Diamond Launch (DLC) Thursday?

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Thursday, March 21, 2024 06:07 PM | InvestorsObserver Analysts

What Does a Risk Analysis Say About Diamond Launch (DLC) Thursday?

Diamond Launch receives a high risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a token can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values ​​equating to low risk.

Risk/Reward Score - High
InvestorsObserver is giving Diamond Launch a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Diamond Launch!

Trading Analysis

The risk gauge rank for DLC shows the token is currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. Diamond Launch is -3.09% lower as of the last 24 hours of trading, resulting in its current price of $0.15. The price movement has coincided with volume being below its average level and the token’s market capitalization falling. The market capitalization for the token now sits at $14,279,482.99 while $105,470.85 worth of the crypto has been exchanged

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The lab-grown diamond boom is over

  • The lab-grown diamond boom is over, jewelry industry experts say.
  • Lab-grown gems are mainstream now and real diamonds are back in vogue, analysts told Business Insider.

The man-made diamond boom is over, and prices for ultra-trendy lab-grown diamonds are set to tumble this year, industry veterans say.

Paul Zimnisky, a leading diamond analyst, foresees jewelers scaling back their business in lab-grown diamonds while ramping up their focus on natural diamonds over the next year. In fact, most jewelers don’t even bother to stock lab-grown diamonds in inventory, and are only purchasing them on consignment, he told Business Insider.

It’s the exact opposite of what jewelers have been doing since 2018, when the hype for lab-grown diamonds took off.

“Some of the fad is starting to fade a bit,” Zimnisky said, pointing to lower-priced retailers like Walmart and Pandora, who have started to “aggressively” push lab-grown stones. “I think it’s becoming a lot more mainstream.”

Prices for lab-grown diamonds will continue to fall over the next year, he said. Ziminsky didn’t have a price target, but said he believed loose lab-grown diamonds could see nearly the same price decline as they did in 2023, which the jewelry analytics firm Tenoris estimated

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Diamonds are for everyone – Research Professional News

Publishers’ outcry at EU plans ignores potential for new partnerships, say Johan Rooryck and colleagues

On 23 May, the Council of the EU adopted a groundbreaking set of conclusions advocating high-quality, open, trustworthy and equitable scholarly publishing. The move drew widespread support from Europe’s academic community, including in a joint response from nine organizations representing funders, researchers and universities.

Some native open-access commercial publishers also welcomed the conclusions. The traditional academic publishing industry, however, was less enthusiastic. Caroline Sutton, chief executive of the trade association STM, was quoted as saying that the conclusions “support a move that would abolish an industry” and “usher in a state-defined system that could stymie academic freedom”.

It is regrettable that legacy publishers feel they must react in such extreme ideological terms. Their anxiety is unwarranted; instead, the conclusions are more likely to lead to an exciting era of public-private partnerships.

As policy documents go, the conclusions are damning. They express barely veiled irritation with legacy publishers, noting that their business and operational models have not kept pace with digitalisation, and that “the increasing costs of paywalls…cause inequalities and are becoming unsustainable”. Academic publishing increasingly looks like a service provider that refuses to listen to

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Very rare blue diamond sold for over $60M at Geneva auction – National

The Bleu Royal diamond is officially one of the most expensive diamonds ever sold at auction, with a whopping price tag of almost US$44 million (nearly C$60.7 million).

The fancy vivid blue diamond was sold in Geneva, Switzerland on Tuesday as part of a ring that contains two additional diamonds on either side. (A ‘fancy vivid’ diamond refers to a diamond that is non-round cut and displays an intense, unconventional color like blue.)

According to the Christie’s auction listing, the blue, pear brilliant-cut diamond is 17.61 carats and internally flawless. The two other diamonds are a pear brilliant-cut and a pear modified brilliant-cut, weighing 3.12 carats and 3.07 carats respectively. The three diamonds are attached to a platinum and 18k rose gold band.

CBS News reported the blue diamond is the largest internally flawless fancy vivid blue gem to ever be sold at an auction.

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It is not yet clear who purchased the Bleu Royal diamond at the Christie’s Magnificent Jewels auction. There were three interested buyers who fought for seven minutes to make the bid that would win the impressive gem.

Breaking news from Canada and around

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Shooting gold medallist Michael Diamond’s gun tires upheld, dashing hopes for 2024 Paris Olympic qualifiers

An Olympic shooting gold medallist has lost his chance to compete in the 2024 Paris Olympics after a New South Wales tribunal upheld a decision to refuse his gun license application.

Michael Diamond, 51, had his Category A firearms license revoked in 2018 after he was found guilty of firearms and drink driving charges in Port Stephens in 2017.

Mr Diamond was acquitted of the three firearms charges on appeal later that year.

He challenged the license ban but the appeal was upheld in January last year.

In September, he sought an administrative review of a decision to refuse a new application for a gun license.

That decision has been upheld by the NSW Civil and Administrative Tribunal, meaning he will not be able to take part in the upcoming national Olympic qualifiers.

The 51-year-old has been a successful competitive sporting shooter since a young age and won two gold medals in the sport at the 1996 and 2000

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Diamond Market Worsens in September

RAPAPORT PRESS RELEASE, October 12, 2023, Las Vegas… Diamond prices fell further in September as retail sales weakened amid competition from synthetics. Polished inventories were still high relative to sales expectations, despite lower production.

The RapNet Diamond Index (RAPI) for 1-carat diamonds fell 5.2%, making it the worst month for that category since the peak of the Covid-19 downturn in March 2020. The 0.30-carat RAPI dropped 3.5%, while the index for 0.50-carat goods slid 7.1% and 3-carat diamonds declined 2.5%.

The RAPI only reflects D to H colors and IF to VS2 clarities. Prices for 1-carat, DL, SI1-SI2 items on RapNet fell 6.8% during September.

Fancy shapes lose value at a slower pace than rounds, with marquises showing the best price performance and cushions the worst.

© Copyright 2023, Rapaport USA Inc.

US sales were sluggish ahead of the holiday season. Chinese shoppers were reluctant to splurge on diamonds with the economy under pressure. Mainland buyers made few purchases at the Jewelery & Gem World Hong Kong show, in line with the trade’s low expectations. The Jewish festivals also impacted activity in key trading centers. The industry offered its support to Israel in early October amid the country’s war with

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American man finds huge diamond on day out in park

A man who picked up what he thought was a piece of glass at a state park says he later learned his jelly bean-sized find was something much more valuable: It was a 4.87-carat diamond.

Jerry Evans visited Crater of Diamonds State Park in Murfreesboro, Arkansas, for the first time with his girlfriend last spring, he told park officials.

Evans says about 10 minutes after they arrived, he spotted what looked like glass a few feet away on top of a plowed ridge, according to a news release.

Jerry Evans visited Crater of Diamonds State Park in Murfreesboro, Arkansas, for the first time with his girlfriend last spring, he told park officials- and found a big diamond. (Supplied)

Although he pocketed the pyramid-shaped find, he wasn’t sure if it was a diamond, Evans said in the release.

“It was so clear. I really didn’t know,” Evans said. “We were picking up everything thinking it was a diamond.”

Crater of Diamonds, which became a state park in 1972, is known as a source of diamonds from their original volcanic source, according to park officials.

Crater of Diamonds, which became a state park in 1972, is known as a source of diamonds
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