Yoram Dvash: Industry unity, producer leadership and marketing investment key to natural diamond's future

The natural diamond industry is navigating a period of significant transition, but there are increasing signs that the foundations for a stronger and more positive future are being built, according to the World Federation of Diamond Bourses (WFDB)...

29 june 2026

AWDC: First fully traceable artisanal diamonds from DRC sold on the international market in Antwerp

In a historic milestone for the diamond industry, fully traceable, artisanal diamonds from the Democratic Republic of Congo have been sold on the international market for the very first time in Antwerp. Below, Ine Tassignon, AWDC spokesperson, provides...

22 june 2026

Natural diamonds most desired luxury jewellery, Gen Z spending double baby boomers, reveals De Beers report

Natural diamonds remain the most desired jewellery item among US consumers, with Millennials and Gen Z driving demand value and spending, according to De Beers Group’s The Diamond Report, which draws on the biannual Diamond Acquisition Study of 18,500...

15 june 2026

Edahn Golan: India’s lab-grown diamond exports surpass natural diamonds by volume, yet value gap widens

India’s diamond industry has reached a historic turning point. In March and April 2026, the volume of lab‑grown diamond exports overtook that of natural diamonds, with lab‑grown stones accounting for 51% and 50.4% of total export volume respectively...

01 june 2026

Dr M’zée Fula-Ngenge: Kimberley Process failing Africa

The Kimberley Process (KP) is failing Africa, and the world's definition of a “conflict diamond” is a moral and legal absurdity, according to the African Diamond Council (ADC) chairperson M’zée Fula-Ngenge. The following exclusive...

18 may 2026

Tracing the history of a flawless irregular pear-shaped diamond

24 march 2022
news_24032022_bala_koh_i_noor.png
Image credit: World Diamond Museum

The World Diamond Museum recently screened its second webinar series with a presentation by the historian of Indian jewellery Dr Usha Balakrishnan, who is also the chief curator of the World Diamond Museum.
She traced the early history and journey of a diamond that was initially unearthed weighing 450 carats and ranked among the largest diamonds in the world at the time of its discovery.
Originally named Bala Kohinoor or Little Kohinoor, the Golconda Diamond gem, was later renamed The Nizam.
It was once reposed in the treasury of the Nizams of Hyderabad.
The diamond now weighs 120.8 carats.
"It is a Type 2A, D-flawless irregular pear-shaped diamond," she said.
Dr Balakrishnan said the stone was exhibited by the world-renowned gallery Singleton of New York.
It had not been seen in public for more than 100 years.

news_24032022_diamond.png
                                             Image credit: World Diamond Museum

"[The stone] created a flutter in the world of jewellery, after all how does a more than 100-carat Golconda diamond emerge from hiding?" she asked.
"The renowned diamond merchant Julia Edwin … had written more than 100 years ago that …: the birth of an exceptional stone is usually proclaimed to the world and its subsequent travels and adventures are chronicled'…," said Dr Balakrishnan.
She said the stone was brought to her attention about five years before it made its first appearance on the world's stage.
The historian said the diamond was discovered between 1826 and 1830.
It was first seen in the hands of a native child who was playing with it.
The stone, which initially weighed 450 carats, was broken and the smaller piece was sold to a local banker for 70 000 Rupees, which was a huge sum of money in 1830.
She said the larger rough stone was deposited into the treasury of Nasir ud Daular, the fourth Nizam of Hyderabad.
As a great discovery, the rough stone was shown off to many European visitors to the Nizam court.
It was estimated in the 1840s that the stone if cut, would yield a gem weighing about 138.5 carats.
"Although it was not easy to determine if the stone was of pure water that is flawless …the natives of India, particularly the Deccan are too good judges of diamonds and would have not paid the princely sum of 70 000 rupees in 1830 for a fraction of the stone if they had not seen the super gem that lay inside the rough," said Dr Balakrishnan.
The diamond received news coverage in England and it was described in 1848 as much larger than a pigeon egg.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished