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23.16ct pink diamond Recovery



23.16ct pink diamond recovery – from the Williamson mine in Tanzania

Petra diamond, the owner of the Williamson mine in Tanzania, recovered the 23.16ct pink diamond last Friday. The Williamson mine is one of the few mines in the world that the pink diamond can be found at.

The 23.16ct pink diamond was described by the mine’s owner of exceptional colour and clarity.

It was only last month that wrote about the Christie’s auction of a 16.08ct pink diamond, sold to a Hong Kong billionaire Joseph Lau for $28.5 million ($1.7 million per carat).

So what makes the pink diamonds so special?

Generally from all diamond mines only 1% will have a gem quality colour. Of this 1% only 1% will be pink diamonds. And it is their rarity that makes them special and sought after in auction sale especially the ones of exceptional size.

Petra Diamond will offer the 23.16ct pink diamond for sale in Antwerp this December. The estimated price is unknown yet however, we do know that the diamond is of a better quality than the 16.4t pink diamond that was found in September last year. We also know that that diamond was sold for £2.2 million.

How do the pink diamond get its colour?

We know that diamond gets their colour from traces of elements they absorb. For example blue diamond has boron traces and yellow diamond has traces of nitrogen. However, the pink diamond has no traces of elements in it. This lead scientific to believe that a sesmic shock that change the mulecular structure is what brings out the pink hue.

The Williamson is most famous for the sizeable 54.5 carat pink diamond mined in 1947. It was given by geologist John Williamson, the original owner of the mine, as a gift to then Princess Elizabeth and Prince Philip for their wedding.

The diamond was then cut to a round shape, leaving it with 23.6 carat, and was named the Williamson Pink. In 1952 the diamond was set by Cartier into a brooch.

The Williamson mine has been in operation for the past 75 years. So far it yield about 20 million carats but geologist suggest there are another 40million carats to be generated in years to come. This estimation is based on the average depth of the Williamson mine the, which at is around 30-35 meter deep. However, the mining can continue up to 350 meter in theory.

The Williamson Mine is currently co-owned by Petra Diamonds and the government of Tanzania, which holds a 25% stake.

1,111 carat diamond worth



1,111 carat diamond is hard to value

It has been twelve days from mining the biggest diamond in a century. Yet, Lucara, a Canadian mining company, still cannot estimate the value of the larger than a tangerine sized diamond they found.

The 1,111 carat diamond measuring 65mm x 56mm x 40mm was discovered in the southern African nation of Botswana.

So why is it so difficult to value the 1,111 carat diamond?

Estimation of the value of a rough diamond, a diamond as it was unearthed and before it was cut and polished, is done with a special scanning machine. The scanner can evaluate the diamond’s colour and clarity. It can also tell if there are any internal fractions and ultimately will be able to assess which is the best way to cut the rough diamiond to get the most value of it.

The problem Lucara is facing is that this 1,111 carat diamond is too large to fit into one of the conventional scanners used in the trade to evaluate diamonds.

William Lamb, Lucara CEO, estimate to value of the diamond to be “north of $60 million” but said it is still early days to know.

So how can you estimate the value of a diamond as large as this 1,111 carat diamond?

It seems that prospective buyers will have to turn to the old fashion way using their eyes and their knowledge to value the price of the diamond.

Lucara will not be able to dictate the price of the diamond as the price is not set purely by the carat weight but also according to the demand and interest there is in the diamond.

We know that Lamb rejected an offer of $40 million and that with London’s Natural History Museum interested in displaying the stone, and the Discovery Channel interested in making a documentary about it.

The 1,111 carat diamond will be evaluated by prospective buyers by appointment probably in Antwerp, the diamond center where most of diamond experts are based and work closely with finnaciers who will ditermin if, and how much will be the bidding price.

The Koh-I-Noor to return to India



Will Queen Elizabeth II return the Koh-I-Noor to India?

It seem that the Koh-I-Noor with its long history is not at rest. In these days a united businessmen and Bollywood actors are getting together on one mission: Get the Koh-I-Noor back to its homeland, India.

The 105.06 carat diamond, worth over £100 million, and set in the Queen’s crown was fought for, stolen and eventually given to Queen Victoria by the last ruler of the Sikhs, Duleep Singh, after the British conquered Punjab.

Although the Koh-I-Noor, that originally weigh 186 carat and only later was cut to its current weight as demanded by Prince Albert, has been part of the crown jewels through several reigns it might have to return to India.

The diamond was worn by Queen Victoria, Queen Alexandra (wife of King Edward VII), Queen Mary and Queen Elizabeth. The diamond is wore only by female members of the British Royal Family. This is due to an alleged curse on the Kohinoor that affects males who wear it (but females are immune).

The Bollywood stars and businessmen wishing to return the Koh-I-Noor to India, and to Indian nation its pride. They instructed their lawyers to begin legal proceeding in London’s High Court and are willing to take it farther to International Court of Justice.

This group of influential people is not alone in their fight for the Koh-I-Noor. Indian-origin British MP Keith Vatz called last week for the diamond to be returned to India next week, while Prime Minister Nerandra Modi visit the UK. This came as a response to Congress MP Shashi Tharoor’s recent speak at the Oxford Union calling Britain to pay compensation to India for the 200 years of its brutal colonial rule. However, the British feel the diamond is where it should be as it was part of a legally bind treaty.  

Bollywood stars and businessmen instruct lawyers to begin legal proceedings in London’s High Court. They are demanding that the Government return the 105-carat diamond, which they say was stolen from its true home. So far the British refused the request.

British lawyers instructed by the ‘Mountain of Light’ group, the translation of Koh-i-Noor, are looking to deal with the case on the basis of the Holocaust Act, demanding the return of cultural object from national institutions in the UK to their legal owners.

The Koh-I-Noor can be seen at The Tower of London with the crown jewels but it is yet unclear if it will stay there or returned to India.

Where do you think the Koh-I-Noor should reside?

The Blue Moon Diamond



The Blue Moon diamond – flawless on auction

This year November is a truly exciting month. Only last week I shared with you the details of the Christie’s cushion-shaped stone, dubbed “In the Pink”, that was to go on auction this Tuesday and is estimated to sell for $23-28 million or even higher. The day after that will be Sotheby’s auction with the amazing Blue Moon diamond.

The Blue Moon diamond is a “fancy vivid” blue diamond which may break a record as Sotheby’s listing its projected sale price at between $35-$55 million (32-51 million euros).

 

AP Images/Kirsty Wigglesworth Model Charlene Bonnithon wears the rare Blue Moon Diamond at Sotheby’s auction rooms in London.

The flawless “Blue Moon” stone was discovered in South Africa in January last year, and is the largest cushion-shaped stone in that category ever to appear at auction. The Gemological Institute of America (GIA) graded the diamond to be internally flawless” and it was categorised as vivid blue diamond.

Sotheby’s is aiming to beat its own record of colour diamonds. Their last record was set in November 2010 in Geneva, with a 24.78ct pink diamond, known as the Graff Pink, fetched $46 million. The record sale for a blue diamond so far came in November last year, when a 9.75 carats fetched $32.6 million at an auction in New York.

There is a good chance the record will be broken this Wednesday when the head of Sotheby’s international jewellery division describe the Blue Moon as “ “a simply sensational stone of perfect colour and purity.”

The Blue Moon weighs 12.03 carats and will be traveling for viewing in Hong Kong, London and New York before arriving to the auction in Geneva on November 11th.

Rare Pink Diamond on Auction



Rare pink diamond – Christie’s November sale

The largest rare pink diamond in its category will be auctioned this month at the Christine’s November sale in Geneva. The auction of ‘Magnificent Jewels’ on November 10 will present exceptional diamonds, rare colored stones, natural pearls of the highest quality and signed jewellery.

The 16.08 carat, which is the largest cushion-shaped fancy vivid pink diamond at the auction, is set in a ring surrounded with two rows of diamonds as a ‘step’ halo with another row of pink diamonds underneath.

The diamond was qualified by Gemological Institute of America (GIA) as a fancy vivid pink diamond. This means it has no traces of any other or secondary colour and its pink hue is pure. Most pink diamonds has a colour modifier like purple, orange, brown or gray. Having no trace of colour makes is rare 16.08 carat pink diamond a sought-after diamond by gem specialists. An international specialist at Christie’s said the rare pink diamond is expected to fetch between 23 and 28 million dollars (£15 to £18 million). This will be a record breaking for the auction house.

Pink diamonds have been selling for record prices in the last few years. In 2009, the 5 carat diamond was sold for over $2 million in Hong Kong, establishing a new per-carat record price for any pink diamond. In 2013 the pink Princie diamond, a 34.65 carat intense pink diamond, was sold for $39.3 million, which is more than £25 million. Although sold by Sotheby’s in 2013 The Pink Star, a 53.60 carat flawless diamond was auctioned at a record of $83 million.

Other jewellery to be auctioned on the day are an 1810 beautiful emerald and diamond fringe necklace. The necklace was belong to the Orléans family in France, the Aosta family in Italy and was finally part of the Cholmondeley collection in England. This is a special necklace for the exceptional quality of the emeralds and the delicate craftsmanship and it is estimate at $1.5 – 2 million.

If this Christmas you wish to purchase a colour diamond jewellery I can recommend a trusted source for diamond jewellery. Click on this link or on the image below.                                                                                                                                                                                                                  

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75.56ct Yellow Diamond Auctioned



75.56ct yellow diamond sold for $3.6

The 75.56ct fancy vivid yellow diamond was the most exciting cushioned modified brilliant cut diamond so be sold at the Christie’s auction on October 20 in New York.

The yellow diamond was bound to be an attraction due to the rarity of its kind in nature. Yellow diamond of such size with with grading by Gemological Institute of America of VS2 clarity and the highest colour saturation possible is not easily found. The yellow diamond that is set on a gold ring with four claws was sold for £3,609,000!!

A substantiation part of the bidding happened online from the UK, Hong Kong, Indonesia and the rest of the USA.

Another item of interest were an 18.80ct D colour marquise cut diamond ring with tapered baguettes on its sides. This ring achieved $1.48million as GIA declared the centre diamond to be of the highest chemically purity diamond Type IIa with a VVS1 clarity.

Other diamonds to a achieve high bids were the 12.75ct heart shape D colour (sold for $965,000) and a 34.12ct cushion cut fancy yellow diamond ring with a platinum mount.

The sale will continue today with other beautiful pieces as this David Webb platinum spider broach set with a large cushion cut kunzite and flexible diamond set legs.

Other jewellery on sale are be by Bulgari, Cartier, Tiffany and Van Cleef & Arpels.

Sotheby’s Rare Blue Moon Diamond



Sotheby’s Rare Blue Moon Diamond – 12.03ct

It is the nearly the end of September and the Sotheby’s blue diamond seem to be the magnet for the October auction.

 

The 12.03 rare internally flawless blue moon diamond is one of its kind. It is the largest ever cushion cut diamond to appear on auction. Sotheby’s will  be auctioning this rare blue moon diamond on November 11 at the Magnificent Jewels and Noble Jewels sale in Geneva.

 

The diamond got its name the ‘Blue Moon Diamond’  due to the rarity of its flawless clarity and its the highest possible colour grading for blue diamonds. The name stems from the expression ‘once in a blue moon’ symbolising the rarity of the diamond.

The Gemological Institute of America (GIA) which gave the diamond the highest possible grading given fro blue diamonds and state the colour of the diamond was “likely to have never before been seen within such a large diamond or any gemstone.” GIA also state that “While any diamond with natural blue coloration is a rare discovery, some are so exceptional that they emerge only once in a lifetime. The Blue Moon Diamond is one of those remarkable occurrences.”

 

Due to its condition and rarity, the diamond is estimated to be sold for a price somewhere between $35 million and $55 million (£22.5m – £35.5m). The diamond will be exhibit in Hong Kong October 2-6, in London October 18-22 and in New York City October 30 to November 1. From there, it’ll travel to Geneva for auction.

 

 

 

 

 

Diamond Football for Karim Benzema



Karim Benzema Diamond Football – set with 72,000 diamonds

It was only a matter of time before someone will have his own diamond football. Karim Benzema, the 27 years old Frenchman and Real Madrid striker, purchased a bespoke real life size football encrusted with diamonds, according to TMZ. The young footballer, who is still recovering from a leg injury, found comfort in spending  $250,000 on the diamond encrusted football.

Karim Benzema diamond football, diamond football encrusted with 72,000 colour diamonds

 

The football is set 72,000 colour diamonds that make up 1,250 carat in total.

However, I am not sure it will ever be kicked.

Do you?

 

Saving For Engagement Ring



Saving for engagement ring in China may be lengthy

In contrast to the previous blog about Beyonce splashing her money on diamonds this story is about a Chinese boy that kept his promise to his childhood sweetheart.

platinum solitaire diamond ring, saving for enagagement ring

Diamond Solitaire

When a nine years old boy tells a girl ‘I will save up money from now on until I marry you’ most grown up with have a smile but will not take it too seriously.

This was not the case for that particular boy. In 1996 he promised that to his childhood sweetheart and from then on he started saving for engagment ring.  He started with coins he got from his parents as pocket money. When he grew up symbolically he decided to keep the savings in coines.

Although the two kept in touch over the passing 20 year, when they were living in different cities and saw each other only few times each year.

When eventually the loved women came back to live in her home town the now matured man went to the bank to change all hisd coins. he saved over $1,600 in coins!! The bank said he came with bags weighing over 150kg filled with coins.

That was enough to buy an engagement ring and proposed to his loved one.

She said yes!

Beyoncé Buys Diamond Shoes



Beyoncé Buys Diamond Shoes worth £216,000

What occasion would you think will be so important for Beyoncé that she would have shoes designed with diamonds for?

It has to be no other than Beyoncé’s next music video that is expected to be out in the autumn.

Beyoncé chose a British designer for the job. The House of Borgezie,  who is specialising diamonds encrusted shoes, belts and even handbags was delighted of course with the order. The designer was approached months ago but once the deal was sealed the creating of ‘jewellery for the fit’, as the House of  Borgezie call them, was on the go.

Set with over 1,300 diamonds that weigh in total over 65 carats this is an art creation one could compare with any Royal Crown or a diamond set tiara.

But when Beyoncé Buys Diamond Shoes she wouldn’t leave without a diamond encrusted gold basque belt with a £55,000 price tag.

8.52 carat Diamond is Found in Arkansas



8.52 carat diamond is found by the park’s visitor

 

Arkansas’ Crater of Diamonds State Park has been in the headlines before when visitors found diamonds on its grounds. Two year ago it was the Patriot Diamond with a 2.92 carat natural brown beauty. But last Wednesday find of Bobbie Oskarson of Longmonth, Colorado was of a different scale. The 8.52 carat diamond, measured approximately as ”three-quarters of an inch long and is as wide as a No. 2 pencil” a Time report which is equivalent to nearly a third of an American quarter coin. This is the fifth largest diamond found by a visitor since 1972, the year the park was established.

Ms. Oskarson came to the park for an spontanious visit with her boyfriend on a very hot day. Due to the hot weather conditions the park’s official recommended visitors to stay in the shade. Ms.Oskarson, who followed the recommendation, found the diamond after 20 minutes of search. At first she thought it was a quarts due to the capsule shape but it was later on identified at an 8.52 carat, unbroken, diamond.

The beautiful bright in colour diamond was found in an area called ‘Pig Pen’ as it is very muddy. However, Ms Oskarson named the diamond after her niece and called it Esperanza, which in Spanish means Hope.

The policy of the park is of finder’s keepers and they provide finders with a registration service after the identification of park’s staff.

More than 30 diamonds have been discovered in the park’s search area this year alone. Park interperter Waymon Cox said above-normal rainfall this year is one reason for the frequent finds.

“Rain, plus the regular plowing of the search field by our maintenance staff, increases visitors’ chances of finding diamonds in the search area,” he said.

Ms. Oskarson’s eight-and-a-half-carat diamond is absolutely stunning, sparkling with a metallic shine, and appears to be an unbroken, capsule-shaped crystal. It features smooth, curved facets, a characteristic shared by all unbroken diamonds from the Crater of Diamonds,” Sis Cox.

Ms. Oskarson is planning to keep the diamond park’s. So far no estimate of the Esperanza Diamond’s value was available. We do know that the Uncle Sam Diamond, the largest diamond to date that was found at the Carter of Diamond State Park, was cut twice, The second diamond was a 12.42 carat diamond and was sold for $150,000 in 1971.

Sometimes all you need in life is a stroke of luck!

Disney’s 60th anniversary



Diamond slipper with Disney’s 60th anniversary

 

To celebrate Disney’s 60th anniversary, Disney are offering their fans the chance to win a “Disney Diamond” or a “Cinderella glass slipper”, or enjoying a private excursion and dinner in Disneyland Park or Disney California Adventure Park.  These are a few of the jaw-dropping prizes that will be won by some fortunate guests during the “Disneyland Diamond Days sweepstakes”, which is marketed as part of the Disneyland Resort “Diamond Celebration” that begins May 22, 2015, to celebrate Disneyland’s 60th Anniversary.

 

During Disney’s 60th anniversary  celebrations, daily prizes will be awarded to some Disneyland Resort visitors.  Each daily prize package comes with an individual tour of the parks with VIP access to various attractions, dining, and meeting celebrities during some of the spectacular nighttime displays.

The amazing thing is that with some mild conditions, the purchase of a theme park ticket is not a prerequisite to enter or win the sweepstakes.

There are many prizes on offer, but arguably the most exciting ones during Disney’s 60th anniversary celebrations are:  custom-engraved authentic diamonds, made specially for Disney!  Disney says that the stones will be one- and two-carat diamonds!  Winning a Disney Diamond will come with the additional prize of staying in the Disneyland Dream Suite  –  a magical private apartment located above the Pirates of the Caribbean attraction inside Disneyland, based on designs for an apartment for Walt Disney himself (which didn’t materialize in his lifetime).

“Who would want a glass slipper?”, you may ask.   Well, the crystal “Cinderella slipper” is adorned with a diamond-and-topaz pendant.  Now that got our attention!  “Glass” is such a vague word, isn’t it?

Disney’s 60th anniversary celebrations will begin with a fun-filled party on May 22.  A key highlight by the unveiling of three electrifying new nighttime shows, including a moving new presentation “World of Color” celebration which features animation, lights, lasers and music, along with actor Neil Patrick Harris and Mickey Mouse appearing in film sequences on the magical “World of Color” water canvas.

Also, Disney’s 60th anniversary celebrations will feature musical groups performing alongside Disney Characters such as Goofy and Mickey Mouse and guests will join the “Disneyland Band” in a daily Diamond March and singing along with Mickey Mouse’s new single “Happiest Place on Earth”.

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