Extremely rare 18.96 carats pink diamond could fetch up to $50 million at auction

The LVMH-owned brand, which said few weeks that it was the new owner of the 1,758-carat Sewelo, displayed the glinting, blackened stone at its Place Vendome store in Paris.

The new owner of "The Spirit of the Rose" could profit from soaring prices, as the mine responsible for the world's largest supply of pink diamonds stopped production due to depletion.

An extremely rare, purple-pink diamond mined in Russia, which Sotheby's described as "a true wonder of nature," sold for $26.6 million Swiss francs on Wednesday (November 11), the auction house said.

Last week, the 26-year-old rapper shared that he'd spent the past four years paying for the diamond.

Christie's auction house showcased the so-called 'Sakura Diamond,' the largest and clearest purple-pink diamond to ever be auctioned, according to their press statement. The diamond was shown to press in Shanghai on Monday.

The 1,098-carat diamond was found by the Debswana company and unearthed earlier this month. The largest diamond ever mined is the Cullinan, discovered in 1905.

Thousands of South Africans have rushed to dig for diamonds after a cattle herder made a mystery discovery outside a village 300 kilometres southeast of Johannesburg. Photos of the unidentified crystal-like stones circulated on social media, triggering a rush to the site despite government warnings that the stones could be worthless.

Adorned with more than 10,000 diamonds and worth at least £1.5 million, renowned artist Debbie Wingham says her latest sparkling creation is the world's most expensive picture frame. Known as the 'World's Most Expensive' artist for her record-breaking, pricey fashion and cake creations, Wingham crafted the diamond-encrusted circular frame in the image of a clock face with Roman numerals. Revealed in Dubai for the first time on Tuesday (November 2), the frame, which was created with an eco-luxury ethos using reclaimed metal and reclaimed diamonds, holds an oil painting by Wingham of Dubai's Burj Khalifa, the world's tallest building.

Authorities in Portugal have launched raids after a tipoff that Portuguese troops may have smuggled contraband from the Central Afridan Republic. The country has 180 UN peacekeepers stationed in the African nation.

A black diamond on the plate: Sniffing out the secrets of French truffles. The truffle is a luxury fungus that's become a delicacy in French gastronomy. Being a truffle farmer requires years of patience and hunting for the "black diamond" cannot be done without the unrivalled sense of smell of man's best friend.

Sotheby's presents in New York a blue diamond valued at 48 million dollars

Miners in Angola have discovered a rare pink diamond that experts think may be the largest unearthed in 300 years. The gem is expected to pick up a shimmering sum when it goes on sale.