Category Archives: AUCTIONS

Lucara sells world’s second-largest diamond for $53 million

The tennis ball-sized Lesedi La Rona rough diamond that Lucara Diamond (TSX:LUC) unearthed two years ago at its Karowe mine in Botswana was sold this week for $53 million.

The buyer, London-based Graff Diamonds, paid nearly $47,777 per carat.

“The stone will tell us its story. It will dictate how it wants to be cut, and we will take the utmost care to respect its exceptional properties,” said the gem’s new custodian, Laurence Graff, in a press release.

On the other hand, Lucara CEO William Lamb stated that Graff paid a fair price for the 1,109-carat diamond, whose discovery marked a defining moment for the Vancouver-based company.

Such finding, he said, “solidified the amazing potential and rareness of the diamonds recovered at the Karowe mine. We took our time to find a buyer who would take the diamond through its next stage of evolution.”

Henry Sapiecha

World’s ‘most beautiful diamond’ to go under the hammer at Christies Auction House

Diamond necklace featuring 163-carat flawless emerald stone, largest of its kind ever to be put up for an auction, has been unveiled in Hong Kong on Thursday September 28 (PRNewsfoto/de GRISOGONO)

An impressive flawless 163-carat diamond that has been hailed the “world’s most beautiful” will go under Christie’s hammer in Geneva in November, the auction house said Thursday.

Discovered in February last year in eastern Angola, the 404.20-carat rough diamond — named the “4 de Fevereiro” — was also the largest found so far in the southern African country, Christie’s said.

www.gem-creations.com

Diamond necklace featuring 163-carat flawless emerald stone, largest of its kind ever to be put up for an auction, has been unveiled in Hong Kong on Thursday September 28 (PRNewsfoto/de GRISOGONO)

A team of ten diamond-cutting specialist were involved polishing the rough diamond during the period of 11 months. The stone was then designed into a one-of-a-kind piece by Swiss jewellery house de Grisogono.

The D-color, emerald-cut diamond is classified as a rare Type IIa one, which in technical terms means an almost complete absence of nitrogen in the stone, de Grisogono said in a separate statement.

The original, 404.20-carat rough diamond that was mined in eastern Angola — the 27th largest rough white diamond ever discovered. (Image courtesy of Christie’s.)

It took over 1,700 hours to create this unique jewel and involved a team of 14 craftsmen and their know-how as well as love for perfection for each detail in the necklace.

he D-color, emerald-cut diamond can be detached from its white gold, diamond and emerald necklace. (Image courtesy of Christie’s.)

The finished piece, named The Art of de Grisogono, allows customers to detach it from its white gold, diamond and emerald necklace, if they wish to do so. It will be shown in London, Dubai and New York before going to auction in Geneva on November 14.

www.www-gems.com

Henry Sapiecha

Pink Star diamond sets new world auction price record in Hong Kong

 

A rare diamond known as the Pink Star has been sold in Hong Kong for more than $71m (£57m), setting a new world record for any gemstone at auction.

The oval-shaped 59.6 carat stone was bought after just five minutes’ bidding at Sotheby’s, reports said.

It is the largest polished diamond in its class to go under the hammer.

It sold for $83m in Geneva in 2013 but the buyer later defaulted. The record until now was held by the Oppenheimer Blue, which sold for $50m last May.

Bidding for the gem, which was found by De Beers at a mine in Africa in 1999 and cut over a period of two years, began at $56m.

Sotheby’s said the buyer was Hong Kong jewellery retailer Chow Tai Fook Jewellery.

Alexander Breckner, head of diamonds at jewellers “77 Diamonds”, told the BBC that the stone was exceptional.

“It’s the largest pink diamond ever found in the history of humankind. It’s an incredible colour to it.

“And the sheer size of the stone already makes it so rare and so beautiful.”

Previous records set in stone

May 2016: A large diamond known as the Oppenheimer Blue set a new auction record, reaching a price of $50.6m (£34.7m at the exchange rate then current). The 14.62-carat gem was sold after 20 minutes of phone bidding at Christie’s auction house in Geneva. The buyer’s identity is unknown.

November 2015: The Blue Moon, a 12.03-carat ring-mounted blue diamond, caught the eye of Hong Kong tycoon Joseph Lau, who paid a record $48.4m (£31.7m) for the cushion-shaped stone. He bought it for his seven-year-old daughter, renaming it the “Blue Moon of Josephine” after her.

May 2015: An unnamed buyer made history after purchasing the Sunrise Ruby, a 25.59-carat “pigeon blood” coloured gemstone, for $30m (£19.1m). At that price, it became the world’s most expensive precious stone other than a diamond.

November 2013: The “largest vivid orange diamond in the world”, according to Christie’s, attracted the highest price paid per carat for any diamond at auction, selling for $35m (£22m), or $2.4m (£1.5m) per carat.

November 2010: The Graff Pink, a 24.78-carat “fancy intense pink” stone described as “one of the greatest diamonds ever discovered”, auctioned for $46.2m (£29m). At the time it was believed to be the most expensive gemstone bought at auction and was sold to the well-known British dealer Laurence Graff.

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Henry Sapiecha

 

De Beers taps into polished diamonds market with first-time auction

Anglo American’s De Beers, the world’s largest rough diamond producer by value, has decided to begin selling its own polished diamonds in auctions for the first time in its history.

The pilot auction, scheduled for June, will include a wide range of polished stones manufactured directly from the company’s own rough diamonds.

The pilot auction, scheduled for June 29, will include a wide range of polished stones manufactured directly from De Beer’s own rough diamonds.All the polished rocks will carry grading reports from both the International Institute of Diamond Grading & Research (IIDGR) — De Beers’ in-house grading unit — and the Gemological Institute of America (GIA).

“We are interested in testing the level of demand from polished buyers for diamonds that have a clear and attractive source of origin, and that offer the assurance of product integrity that dual certification provides,” Neil Ventura, the miner’s executive vice president of auction sales, said in the statement.

If successful, the process would provide De Beers with more insight into the polished market, while also helping consumers fill gaps in supply or inventory if they were unable to find goods at the company’s rough auctions, he added.

All registered De Beers auction buyers will be eligible to bid in the first sale, which takes place on June 29.

www.www-gems.com

www.gem-creations.com

Henry Sapiecha

Pink Star diamond smashes the world record sale price at a whopping $71.2 million

pink-star-diamond-breaks-world-record-at-71-2-million image www.worldwidediamonds.info

The largest, most perfect pink diamond to have ever been offered at auction has sold for $71.2 million at a Sotheby’s event Tuesday in Hong Kong, setting a new world record for any diamond or jewel, according to the auction house.

Described as one of “the earth’s greatest natural treasures”, the oval-cut 59.6-carat “Pink Star” is the largest internally flawless pink diamond that the Gemological Institute of America (GIA) has ever had the privilege to grade.

Until now, the most expensive diamond ever sold at auction was the “Oppenheimer Blue,” which fetched 56.8 million Swiss francs (more than $57 million at the time) last May. The previous world auction record for a pink diamond was $46.2 million for the 24.78 carat “Graff Pink” in 2010.

First unveiled to the public in 2003, the Pink Star was called the “Steinmetz Pink,” but it was renamed after it was first sold for an undisclosed sum in 2007.

pink-star-hong-kong-71.2m image www.worldwidediamonds.info

The Pink Star is graded as Type IIa, which is rare for any pink diamond, much less one of this size. (Photo: Sotheby’s)

In 2013, the diamond broke a new world record price for a gemstone at auction by fetching $83.2 million in Geneva, way above the $60 million experts had predicted.

Not long after the sale, however, rumours began to spread that the consortium of buyers, led by diamond cutter Isaac Wolf, defaulted on the deal. In February 2014, Sotheby’s confirmed those unofficial reports and said the diamond was again part of its inventory, valued at approximately $72 million.

The Pink Star, originated from a 132.5-carat rough mined by De Beers in 1999 and it’s more than twice the size of the “Graff Pink.”

ADULT STORE

Henry Sapiecha

Massive Cullinan Dream blue diamond fetches over $25m at auction

Price fetched makes it the most expensive fancy intense blue diamond ever sold at auction.

massive-cullinan-dream-blue-diamond-fetches-over-25m-at-auctionimage www.worldwidediamonds.info

The Cullinan Dream in the rough.

A 24.18-carat intense blue diamond known as The Cullinan Dream has just sold for $25.4 million at Christie’s Magnificent Jewels auction in New York, breaking all records and becoming the most expensive gem of its kind ever sold at auction.

The diamond, cut from a 122.52-carat rock found at Petra Diamond’s (LON:PDL) Cullinan mine in South Africa in 2014, is the largest of four blue diamonds made from the original.

The Cullinan Dream, a cut-cornered rectangular mixed-cut diamond, has been classified by the Gemological Institute of America as Type IIb. Those kinds of gems are very rare and account for less than one-half of 1% of all diamonds found in nature.

cullinam-dream-diamond-ring image www.worldwidediamonds.info

The Cullinan Dream is now a cut-cornered rectangular mixed-cut fancy intense blue diamond, weighing approximately 24.18 carats.

Type IIb gems contain a small amount of the element boron trapped in the crystal carbon structure during their formation that can give rise to a blue or grey coloration, Petra Diamonds said in a statement.

The mine is best known for the discovery of the Cullinan diamond, at 3,106 carats the largest rough diamond ever found. The gem was cut into two highly significant diamonds, which can be found in the British Crown Jewels.

Cullinan-Dream is now a cut-cornered rectangular mixed-cut fancy intense blue diamond, weighing approximately 24.18 carats.image www.worldwidediamonds.info

It is flanked on either side by a tapered baguette-cut diamond and set in a platinum ring, inscribed “Cullinan Dream”.

Since acquiring a majority stake in the mine in 2008, Petra Diamonds has found some high-profile blue diamonds, including “The Blue Moon of Josephine,” which sold in November for $48.5 million and “The Star of Josephine” — a 7.03 carat polished stone that sold in 2009 for $9.49 million, representing what at the time was a world record price per carat of $1.35 million.

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DDD

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

Pear-shaped 15.38ct pink diamond sells for $42.8 million at Sotheby’s Auction house

pink-diamond weighed in at 15.38 carats image www.worldwidediamonds.info (3)

“The Unique Pink”, the largest Fancy Vivid Pink pear shaped diamond ever offered at an auction.

Geneva:  A rare pear-shaped vivid pink diamond fetched 30.8 million Swiss francs ($42.8 million) at auction on Tuesday, Sotheby’s said, but several other large stones failed to reach the reserve prices set by the sellers.

The “Unique Pink”, weighing 15.38 carats and mounted on a ring, sold to an Asian private collector bidding by telephone, the auction house said.

It was the star lot at the saleroom’s semi-annual auction in Geneva, with a pre-sale estimate of $38 million to $51 million.

pink-diamond weighed in at 15.38 carats image www.worldwidediamonds.info (2)

The diamond weighed in at 15.38 carats.

“The Unique Pink set a new world record for a fancy vivid pink diamond … It’s the highest price ever paid for a fancy vivid pink diamond,” David Bennett, worldwide chairman of Sotheby’s international jewellery division, told reporters.
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The “Sweet Josephine”, a fancy vivid pink diamond weighing 16.08 carats, held the previous record since selling for $38.9 million at rival Christie’s in November, and still retains the price per carat record in the category.

Overall, the Sotheby’s sale netted $238 million, “setting a new world record for any jewellery auction”, Sotheby’s said in a statement. It eclipsed $218 million set a year ago.

pink-diamond weighed in at 15.38 carats image www.worldwidediamonds.info

The rare diamond set a new world record. Photo: Kirsty Wigglesworth

In all, 83.2 per cent of the 488 lots on offer found new owners, but “The Emperor Ruby” was among those stranded, with a bid of 3.6 million francs ($5 million).

“There were a few stones that were disappointing but overall the sale was a huge success,” Bennett said.

A British collection of 29 jewels by French jeweller Cartier sold for $4.6 million, doubling its low estimate, he said.

A “new world record” was set for a jewel by the late Paris-based jeweller Alexandre Reza – a fancy intense blue diamond brooch surrounded with diamonds sold for $18.3 million, he said.

“We’ve made a great effort to put together a sale that we thought was suitable for this particular market which is strong for the right things,” Bennett said. “It seems to have paid off.”

Ehud Arye Laniado, chairman of New York-based Cora International LLC, which cut, polished and sold the pink diamond, told Reuters in the showroom: “It was the time to sell. It is quite a strong price.

“We think slowly the market is grouping together with people who do believe in strong prices for fancy coloured diamonds. It is a good sign because we see people who do believe in the resale value of those stones, like art,” he added. “The trend will move to white diamonds.”

Reuters

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Henry Sapiecha

Petra Diamonds just sold this ‘exceptional pink’ rough gem for a whopping $15m

petra-diamonds-just-sold-this-exceptional-pink-gem-for-15m image www.worldwidediamonds.info

Petra Diamonds (LON:PDL) shares recovered some sparkle Thursday after the company announced it had sold an ‘exceptional pink’ diamond for $15 million, or $463,965 per carat.

The stock was up more than 2% in afternoon trading in London to 109.75p, and it has gained about 25% to date since the beginning of 2016.

It was found in November at Petra’s Williamson mine in Tanzania.The 32.33-carats diamond was recovered in November from the firm’s Williamson mine in Tanzania.

Golden Yellow Diamonds purchased the rock on behalf of Israel-based diamond manufacturer, M.A. Anavi Diamond Group, which specializes in large and unique coloured diamonds.

Petra Diamonds, known for major findings in recent months, said it would retain a 10% interest in the polished proceeds.

The company, which owns the Finsch and Cullinan mines, posted last month a loss for the first half of its financial year as fewer sales demand and a glut of supply pushed rough diamond prices down by 9%.

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Henry Sapiecha

De Beers blue diamond smashes sales records in Asia, fetches almost $32M at auction

de-beers-blue-diamond-millenium4 smashes-auction-records-in-asia-fetches-almost-32-million-image www.worldwidediamonds (1)

The “De Beers Millennium Jewel 4” may not have the catchiest name in the history of famous diamonds, but the very rare 10.10-carat blue gem has just broke all auction records in Asia, as it fetched almost $32 million.

The rock, the largest oval fancy vivid blue diamond to ever appear at auction, was auctioned off by Sotheby’s in Hong Kong as part of a high profile gem sale.

de-beers-blue-diamond-millenium4 smashes-auction-records-in-asia-fetches-almost-32-million-image www.worldwidediamonds (2)

The internally flawless diamond was part of the Millennium Jewels collection, unveiled by De Beers in 2000 to commemorate the turn of the century, and displayed at London’s Millennium Dome.

At the time, the blue gem was the target of an attempted multi-million pound robbery in November 2000, which was foiled by the Metropolitan Police.

de-beers-blue-diamond-millenium4 smashes-auction-records-in-asia-fetches-almost-32-million-image www.worldwidediamonds (3)

The auction house will sell another coveted blue diamond, set in a ring once owned by former child star Shirley Temple, on April 19, in the U.S.

DDD7

Henry Sapiecha