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A crossover ring with two fancy vivid blue diamonds designed by Graff Jewellers has smashed its pre-sale estimate.
The ring has sold at the Christie’s New York Magnificent Jewels auction fetching more than $12.5 million USD.
Fancy colour diamonds will lead Magnificent Jewels sale on Wednesday.
Topping the sale is a Fancy Vivid Blue Diamond ring designed by Graff Jewellers. Estimated price is $6.5 million – $8.5 million USD.
The two Vivid blue Diamonds weighing approximately 3.36 and 2.71 carats with VVS2 and VS1 clarity grades are set in a crossover design, In a platinum setting.
Named the Peace Diamond the 709 carat rough diamond is the 14th largest ever recovered.
The rough diamond has sold for $6.5 million at an auction in New York, with all proceeds going to the impoverished Sierra Leone diggers who discovered it.
Sierra Leone will now be watched closely to make sure they see the social benefits from the sale of the diamond as the government promised.
The buyer of the Rough Diamond is Laurence Graff. One of the world’s top jewellers and founder of Graff Diamonds.
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Christie’s Magnificent Jewels auction was held on November 28th in Hong Kong.
The Stand out diamond was the incredibly rare 14.93 carat Fancy Vivid Pink Diamond with a VVS1 Clarity.
The Vivid Pink Diamond described by Christie’s as the “Picasso of the Pink Diamond world,” sold for an incredible $31,861,000 approximately $2.13 million per carat.
Only one in every Thousand diamonds mined is classified as Fancy Colour.
The Pink Promise Diamond is Fancy Vivid which is the highest possible colour grade for Fancy Colour Diamond.
Prince Harry and Meghan Markle confirmed after 16 months of dating that they are engaged to be married.
Set in yellow gold the three stones diamond ring features the central stone from Botswana Southern Africa, a country Prince Harry has visited many times over his life, and where Prince Harry and Meghan Markle have spent time together.
The two side stones come from the personal collection of the Prince’s late mother Diana Princess of Wales.
Diamond Miner Gem Diamonds has found a 202 carat rough diamond at its Letšeng mine in Lesotho, Sothern Africa. The rough diamond is the latest of seven recovered over 100 carats this year.
The D colour type IIa diamond was recovered when they mine switched to the higher grade K6 section of the main pipe earlier this year.
The Letšeng mine is one of the highest diamond deposits by value in the world with the an average price of $2,397 per carat for the July tender.
De Beers is planning to add the world’s largest custom built diamond mining vessel to its fleet at a cost of $142 million.
The ship will be the sixth belonging to Debmarine Namibia, a 50/50 joint venture between the miner and the Republic of Namibia, De Beers said Tuesday. Expected to begin operations in 2021, it will enhance the company’s ability to recover diamonds off the southern African country’s Atlantic coast, the rough producer added.
“There is a great amount of potential in Namibia’s marine diamond deposits, and this new vessel will support our strategy to continue to grow our offshore operations,” said De Beers CEO Bruce Cleaver.
Earlier this year, De Beers launched the MV SS Nujoma, the world’s largest diamond sampling and exploration vessel. Acquiring the new ship will help the company capitalize on that vessel’s work, and support the long-term future of Namibia’s diamond sector, Cleaver added.
Kleven Verft, a Norwegian ship-building company that constructed the Nujoma, will also build the new vessel, and has signed a memorandum of understanding with De Beers.
Source: Diamonds.net
The Diamond Producers Association announced the launch of their operations in the country to build confidence among consumers.
India polishes 85 90 percent of the diamonds today accounts for only seven percent of the global polished diamond consumption. DPA believe this is a huge opportunity to build the India market by promoting the integrity and reputation of diamonds and ensuring the sustainability of the industry.
DPA has reached out to 3,000 retailers and will offer training and education in diamonds. DPA will expand training across the country.
The DPA is an alliance between ALROSA, De Beers, Dominion Diamond, Gem Diamonds, Lucara Diamond, Petra Diamonds and Rio Tinto. These are the leading diamond miners globally. Which together produce over 75 percent of the world’s rough diamond production.
DPA is also working with the Gem and Jewellery Export Promotion Council to build trade relationships and best trade practices.
Dealers reported a difficult but stable rough market as De Beers’ November sight closed with a value of $455 million — 4% lower than the same period a year ago.
The rough market improved slightly from the October sight, which was the smallest sale of the year as Indian manufacturing slowed for Diwali. However, sightholders still noted weak profitability on De Beers goods during November, with premiums on the secondary market close to zero.
Most boxes of diamonds from last week’s sight commanded prices on the dealer market that did not cover the costs of doing deals, explained Dudu Harari of diamond broker Bluedax in a report on the sight.
Read More: diamonds.net