Monthly Archives: June 2016

Second largest diamond in the world does not reach reserve at auction

lesedi-la-Rona-main-tennis ball diamond www.worldwidediamonds.info

The world’s second largest diamond – the size of a tennis ball –  has failed to sell at Sotheby’s auction in London on Wednesday.

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Initially valued at more than CAD$90million, the highest bid for the 1109-carat diamond reached only $61 million.

diamond_huge-rough-image www.worldwidediamonds.info

The diamond, dubbed ‘Lesedi La Rona’, was discovered at Lucara Diamond Corp’s Karowe mine in Botswana last year and translates to ‘our light’ in the local language.

lucara-huge diamond image www.worldwidediamonds.info

Its size is second only to the Cullinan diamond which was cut into nine pieces to form part of the UK crown jewels.

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Henry Sapiecha

Petra finds yet another huge diamond at its very productive Cullinan mine

petra-finds-another-massive-diamond-at-its-cullinan-mine 121.26-carat white rock image www.worldwidediamonds.info

London-listed Petra Diamonds (LON:PDL), already known for its major findings of recent months, has just unearthed a 121.26-carat white rock from its Cullinan mine in South Africa.

The gem is a Type II diamond “of exceptional colour and clarity”, the company said, and is “an outstanding example of the large, high quality diamonds for which the mine is known.”

The 121.26-carat white diamond, along with a number of other high quality stones, will be sold in the last tender of Petra’ 2016 financial year.While Petra did not provide a value estimation, it did say the freshly found rock, along with a number of other high quality stones, will be sold in the last tender of its 2016 financial year.

Last week, a 24.18-carat intense blue diamond known as The Cullinan Dream, which Petra found in 2014, sold for $25.4 million in New York, breaking all records and becoming the most expensive gem of its kind ever sold at auction.

The Cullinan mine, located north-east of Pretoria, has yielded several massive gems, including the largest rough gem diamond ever discovered — the Cullinan. The 3,106-carat stone was cut into two highly significant diamonds, which can be found in the Crown Jewels of the Queen of England.

Petra, which operates four diamond mines in South Africa and one in Tanzania, posted a loss for the first half of its financial year in February, due to fewer sales demand and a glut of supply that pushed rough diamond prices down by 9%.

www.gem-creations.com

www.www-gems.com

www.www-globalcommodities.com

petra-diamonds-cullinan-mine image www.wordwidediamonds.info

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Henry Sapiecha

‘Aurora Green’ diamond smashes records after fetching $16.8 million.Pics & story here.

aurora-green-diamond-smashes-records-after-fetching-16-8-million image www.worldwidediamonds.info

A 5.03-carat fancy vivid green diamond known as “Aurora Green” has set two world auction records for a stone of that colour Tuesday at Christie’s Hong Kong Magnificent Jewels sale, fetching over $16.8 million.

The rectangular-cut fancy rock had been valued at $16 million to $20 million and although it sold at the lower end of that range, it set a “world auction record for a green diamond and world record price per carat for a green diamond,” Christie’s said

aurora-green-diamond-ring image www.worldwidediamods.info

The rectangular-cut fancy diamond had been valued at $16 million to $20 million. (Image courtesy of Christie’s)

The buyer was Hong Kong-based Chow Tai Fook Jewellery, one of the world’s largest jewellery retailers.

The Aurora Green was the top lot of the sale and one of four lots that set world auction records. The sale totalled more than $85 million with 10 lots exceeding more than $1 million. Coloured diamonds, coloured gems and jadeite were among the top lots. A total of 72% of items were sold by lot and 73% by value.

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Henry Sapiecha

Who stole this $5 million diamond-encrusted gold eagle statue? Video,Pics & Story

someone-stole-this-5-million-diamond-encrusted-gold-eagle-statue-image www.worldwidediamonds.info

Canadian Police are looking into the robbery of an 18-pound, solid-gold, diamond-encrusted eagle statue in British Columbia, worth about $5 million according to the statue’s owner.

The golden statue was supposed to be the centrepiece of a campaign launched in conjunction with a series of books and events to raise money for cancer research.The statue, called The Maltese Eagle, was supposed to be the centrepiece for “The World’s Greatest Treasure Hunt: Quest for the Golden Eagle,” a campaign launched in conjunction with a series of books and events to raise money for cancer research, owner Ron Shore, who operates a telecommunications company, told CNN.

The eagle had been on display for four days at the Art! Vancouver exhibit and was in transit to a secret vault when the theft occurred on Sunday night.

Shore said he mortgaged his house and used inheritance money and credit cards to finance the making of the eagle.

“Unfortunately what will probably happen is that all of the jewels will be pulled out of the head because it had basically a cape of diamonds,” sculptor Kevin Peters, who spent nearly four years creating the statue, told NewsTalk 770. “And it has three types of gold and will be probably melted down.”

But taking the jewells off would be difficult, and a novice would likely end up breaking some of the gems, David Ritter, president of the Canadian Jewellers Association, told News 1130.

5-million-diamond-encrusted-gold-eagle-statue-stolen image www.worldwidediamonds.info

One of the largest gems present in the statue was the Atocha Star, a 12-carat emerald that was recovered in 1985 from the Nuestra Señora de Atocha, a Spanish treasure galleon that sank in 1622. The Atocha Star is itself estimated to be worth at least $3 million.

This is not the first time the eagle has been targeted. In a 2010 interview, Shore told The Vancouver Sun that RCMP accompanied him and the eagle to an event because of concerns organized crime elements might be looking to steal it.

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Henry Sapiecha