$42M Expected For Pink Diamond At Christie’s Auction

Oval Cut Fancy Vivid Pink Diamond

An Oval Cut Fancy Vivid Pink Diamond  goes under the hammer at the Christie’s Magnificent Jewels sale this month.

The 14.93 carat  Type IIa VVS1 clarity  Oval Diamond, named the Pink Promise is estimated to sell for between $28 million to $42 million USD.

37 carat Pink Diamond Up for Sale

Raj Pink diamond

Sotheby’s Auctioneers announced  the upcoming  auction of the Raj Pink diamond.

Weighing 37.30 carats the Pink diamond is the largest Fancy Intense Pink Diamond, according to Sotheby’s.

The Pink Diamond will feature at the auction house’s Magnificent Jewels in Geneva next month, and is estimated to fetch $20 million to $30 million USD.

The Original Rough Diamond was studied for over a year before the master cutter finished the polished Raj Pink Modified Cushion Brilliant cut

 

 

Alrosa Russian Diamond Miner Recovers 27.85 carat pink diamond

Alrosa’s 27.85 carat pink diamond

Exceptional Large Pink Diamond Discovered in Russia Could Be Most Expensive ever by Alrosa

The Miner recovered the 27.85 Carat Pink Rough Diamond at its alluvial mines in Russia’s Far East.
The Largest pink diamond it had previously found was less than 4 carats in weight.

Alrosa Diamond Mining is examining the rough and will decide on whether to sell it as a rough diamond, or cut and polish it in house.

The Rough Diamond is high quality and could make it  Alrosa’s most expensive diamond if it decides to cut and polished the stone.

Chief Executive Officer Sergey Ivanov said Alrosa has mainly focused on rough diamond mining, will increase revenues from its polishing unit.

If I buy a certified diamond, how do I know that the diamond in my ring is the one described on the diamond certificate or diamond grading report?

There are a number of ways to verify that your diamond matches the diamond certificate it is purchased with. If you purchased a diamond that is laser inscribed, ask your jeweller to show you the laser inscription under magnification. This way, you will always be able to identify the diamond as your own.

DCLA also performs a verification service, for both DCLA certified diamonds and for diamonds certified by other internationally recognised laboratories. Bring  or send your diamond, together with the diamond grading certificate, to the DCLA laboratory and the diamond will be conclusively matched against the certificate. DCLA can then cold laser inscribe the diamond with either the diamond grading certificate number, or with a personalised message.

How do I know that my diamond certificate or diamond grading report is from an independent laboratory ?

Ask the jeweller if the diamond certificate comes from an independent diamond laboratory or if it produced by a diamond merchant or retailer, then do your research. Make sure the certificate is issued by the DCLA or another highly respected diamond grading laboratory; DCLA is the only diamond grading laboratory worldwide to offer a full-replacement Diamond Grading Guarantee.

Gemmological Institute of America seven week graduate diamond diploma

Gemmological Institute of America

The GIA a gemmological organisation will be conducting a seven week graduate diamond diploma from January 8.

The programme combines theory lessons with practical hands on learning and will be held in Jaipur.

Students will learn how to grade in accordance with the GIA’s 4Cs colour, cut, clarity and carat weight of diamond in the D-Z colour range.  

As well as how to grade diamonds and detect simulants and treatments like fracture filled diamonds using gemmological equipment.

The course will be taught by instructors from the Mumbai campus.

$2.1 billion in diamonds from Russia for Indian companies

Twelve Indian diamond companies including Kiran Gems, Asian Star and Rosy Blue India, have signed three year contracts with ALROSA at the World Diamond Conference,

Each of the companies signed separate contracts with ALROSA and will buy rough diamonds worth USD 2.1 billion or about USD 700 million per year for a period of three years. This will assist the companies save considerable amount of commissions.

THE INTERNATIONAL INSTITUTE OF DIAMOND GRADING

The International Institute of Diamond Grading & Research is part of the
De Beers group of companies.

Based in Antwerp and run by the world’s top diamond experts, the International Institute of Diamond Grading & Research benefits from proprietary equipment of the De Beers group of companies that enables the most precise grading and assessment for both rough and polished diamonds

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Pink star default

Inventory at Sotheby’s rose significantly due to acquisition of the Pink Star, renamed the Pink Dream the 59.60 ct, internally flawless, fancy vivid pink diamond which was sold to diamond cutter Isaac Wolf in November for $83,187,381 USD. The reason Sotheby’s acquired the rare stone is due to Wolf’s default.

Sotheby’s are quite comfortable with their valuation and comfortable in owning it at this price. Sotheby’s is currently pursuing a resolution with the buyer, while also considering other alternatives against the default.

HRD Opens new Lab in Mumbai

HRD Antwerp lab is located in the heart of the new diamond district

The new HRD Antwerp lab is located in the heart of the new diamond district.

HRD offers quality certification services in accordance with the IDC that reflect its pledge to ensure compliance with the same stringent quality standards applied in Antwerp, where its parent lab is located. The new facility is staffed with both local and Antwerp expert gemmologists.