Category Archives: COLOURED DIAMONDS

Gem Diamonds finds two large rough diamonds at flagship mine in Lesotho Africa

Africa-focused Gem Diamonds (LON:GEMD) has discovered two diamonds bigger than 100 carats at its Letšeng mine in Lesotho, which should help the company boost revenue and investors confidence.

The two massive diamonds are a 151.52-carat Type I yellow rock and a high quality 104.73-carat, D-colour Type IIa stone, the London-based miner said in a statement.

The last time Gem Diamonds had made a significant discovery at its Letšeng mine before April this year was in 2015.The findings come on the heels of other key discoveries at the mine. In April, the company announced the recovery of a 114-carat diamond and last month it found one of the highest-quality diamonds to come out of the Letšeng mine — an 80-carat, D-colour Type-II diamond.

The last time Gem Diamonds had found a significant diamond in Lesotho was in 2015, when it unearthed an “exceptional” 357-carat rock, later sold for $19.3 million.

Investors reacted positively to the news, with the stock was trading at 1.64% higher at 93 pence around 2:00PM GMT.

Since acquiring Letšeng in 2006, the company has found four of the 20 largest white gem quality diamonds ever recovered, which makes of the Lesotho mine the world’s highest dollar per carat kimberlite diamond operation.

At an average elevation of 3,100 metres (10,000 feet) above sea level, Letšeng is also one of the world’s highest diamond mines.

www.www-gems.com

Henry Sapiecha

Diamcor just found this rare green diamond at S. Africa project

Canada’s Diamcor Mining (TSX-V:DMI) said Tuesday it has found a 5.36-carat green gem quality octahedron rough diamond from its Krone-Endora project in South Africa, located next to De Beers’ Venetia mine, the world’s third largest.

While the significance of this rough green diamond is currently uncertain, the company said that given the rarity and potential high value of green diamonds, an analysis of the recently-found rock will be performed over the coming weeks.

The stone has been shipped to Antwerp along with other rough diamonds recovered from the ongoing efforts and processing underway at the project, Diamcor said.

Krone-Endora previously belonged to diamond giant De Beers, but Diamcor officially acquired the project in February 2011.

Diamcor and De Beers mines in Limpopo, South Africa. (Image courtesy of Diamcor Mining )

The project is located directly adjacent to De Beers’ Venetia mine, which is South Africa’s largest diamond mine, accounting for over 50% of the country’s annual output.

Prices for coloured diamonds have increased in the past two years. In June 2016, a massive intense blue diamond, known as The Cullinan Dream, fetched $25.4 million at a Christie’s auction in New York, breaking all records and becoming the most expensive gem of its kind ever sold at auction.

And last month in Hong Kong, the 59.60-carat “Pink Star” sold for a record $71.2 million, a price that highlighted the galloping market for coloured gems.

Henry Sapiecha

 

Decadent Diamonds from Sotheby’s Auction House

This spring, Sotheby’s presents the ultimate in coloured diamonds: Apollo and Artemis comprised of a blue diamond weighing 14.54 carats, internally flawless, type IIb, and a pink diamond weighing 16.00 carats, VVS2 clarity, type IIa. The stones are currently mounted as a spectacular pair of earrings, but are being offered separately, on account of their extreme rarity, power and presence. They are, says David Bennett, Worldwide Chairman of Sotheby’s International Jewellery Division, “by far the most important pair of earrings ever offered at auction.”

pink-blue teardrop dimond earrings image www.worldwidediamonds.info

The Apollo and Artemis Diamonds. Exceptional fancy vivid blue diamond. Estimate CHF38,125,000–50,160,000 ($38,000,000–50,000,000). Important fancy intense pink diamond. Estimate CHF12,545,000–18,060,000 ($12,500,000–18,000,000). To be offered in Magnificent Jewels and Noble Jewels on 16 May in Geneva.

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The CTF Pink Star. Sold for HK$553,037,500 ($71,200,000).

PINK-STAR-DIAMOND IMAGE www.worldwidediamonds.info

On 4 April 2017 in Hong Kong, Sotheby’s set a new auction record for any diamond or jewel when The Pink Star, a 59.60-carat oval fancy vivid pink internally flawless diamond – the largest Internally Flawless, Fancy Vivid Pink diamond that the GIA has ever graded – sold to renowned jeweller Chow Tai Fook, who has renamed the stone the CTF Pink Star. Not only was the price more than double the previous record for a fancy vivid pink diamond, but it was also a new record for any work ever sold at auction in Asia.

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Rare platinum, fancy vivid green diamond and diamond ring. Estimate $1,000,000–1,500,000. To be offered in Magnificent Jewels, Including the Legendary Stotesbury Emerald on 25 April in New York.

rare-platinum-fancy-vivid-green-diamond-and-diamond-ring.image www.worldwidediamonds.info

In the elite world of fancy coloured diamonds, green and red are by far the rarest body colours. The appearance of green in a diamond is caused by millions of years of exposure to a source of natural irradiation in the earth, either among uranium compounds or percolating groundwater, which changes its specific absorption of light. Our upcoming New York sale presents a cut-cornered square mixed-cut Fancy Vivid Green diamond weighing 1.64 carats, flanked by two cut-cornered triangle-shaped diamonds weighing approximately .65 carats.

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Fancy intense purplish pink diamond ring, Piaget. Estimate CHF78,030,000-12,040,000 ($8,000,000-12,000,000). To be offered in Magnificent Jewels and Noble Jewels on 16 May in Geneva.

Fancy intense purplish pink diamond ring 7.04 carats image www.worldwidediamonds.info

Another exceptional colourful diamond on offer this spring in Geneva, this ring is set with a modified rectangular brilliant-cut fancy intense purplish pink diamond, weighing 7.04 carats, VS1 Clarity, type IIa, between triangular diamond shoulders.

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Extraordinary pair of platinum and diamond earrings. Estimate $4,500,000–5,500,000. To be offered in Magnificent Jewels, Including the Legendary Stotesbury Emerald on 25 April in New York.

diamond earrings feature two square emerald-cut diamonds, weighing 20.29 and 20.02 carats, topped by two smaller square emerald-cut diamonds weighing 1.01 carats each image www.worldwidediamonds.info

These earrings feature two square emerald-cut diamonds, weighing 20.29 and 20.02 carats, topped by two smaller square emerald-cut diamonds weighing 1.01 carats each.

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The Unique Pink. Sold for CHF30,826,000 ($31,561,200).

unique-pink-diamond-Weighing 15.38 carats, the “Unique Pink image www.wordwidediamonds.info

Weighing 15.38 carats, the “Unique Pink” is a Type IIa brilliant cut diamond with unparallelled saturation. Until this April, when Sotheby’s Hong Kong sold the CTF Pink Star, the largest fancy vivid pink diamond ever offered at auction for a record-setting price, the Unique Pink held the world auction record for any fancy vivid pink diamond. It also contributed to the May 2016 Geneva sale of Magnificent Jewels and Noble Jewels sale becoming the new world record for any jewellery auction.

De Beers Millennium Jewel 4. Sold for HK$248,280,000 ($32,013,223).

De Beers Millennium 10.10 carat blue diamond image www.worldwid3ediamonds.info

To celebrate the Millennium in 2000, De Beers, together with The Steinmetz Group, showcased an exceptional collection of eleven important blue diamonds, the De Beers Millennium Jewels, in a specially designed exhibit at London’s Millennium Dome. Offered for sale from an Asian private collection, this rare and internally flawless 10.10-carat blue diamond is the largest oval-shaped fancy vivid blue diamond ever to appear at auction and was the most expensive diamond ever sold in Hong Kong before the CTF Pink Star in April 2017.

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The Graff Pink. Sold for CHF45,442,500 ($46,158,674).

The Graff Pink diamond 24.78 carats image www.worldwidediamonds.info

Type IIa pink diamonds are very rare in nature, but this fancy intense pink round-cornered rectangular step-cut diamond weighing 24.78 carats, set between shield-shaped diamond shoulders, is a perfect, pure pink colour, which has been graded “fancy intense pink” by the GIA with no secondary colour modifier. Adding to this diamond’s exquisite nature is its classic emerald cut – a style most associated with white diamonds – that is immensely sought-after in rare colours. According to the consignor, the stone had not appeared on the open market since it was first purchased some 65 years ago from Harry Winston himself. In 2010, Laurence Graff bought the diamond and renamed it The Graff Pink.

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Magnificent oval diamond 118.28 carat, D colour, flawless, type IIA. Sold for HK$238,680,000 ($30,782,560).

Magnificent oval diamond 118.28 carat, D colour, flawless, type IIA image www.worldwidediamonds.info

Unearthed in 2011 from the deep mines in Southern Africa, the 299-carat rough of this oval diamond is one of the largest and most beautiful diamond roughs found in recent years. Carefully and meticulously worked over months, the unrefined stone was transformed into a mesmerising 118.28-carat unmounted, brilliant-cut diamond. When sold at Sotheby’s Hong Kong in 2013, it became the world record for any white diamond at auction, as well as the biggest diamond ever sold at auction.

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The Lady Dalal. Sold for CHF11,282,500 ($12,361,558).

The Lady Dalal 110.03 carat yellow diamond image www.worldwidediamonds.info

Polished diamonds over 100 carats of any colour, weak or strong, are rare, which makes this 110.03-carat yellow diamond all the more impressive. The Sun-Drop, the largest known fancy vivid yellow pear-shaped diamond, was unveiled to the world at London’s Natural History Museum where it was exhibited in the famous Vault Gallery in 2011. After being sold at Sotheby’s Geneva the same year, it was renamed The Lady Dalal.

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The Blue Moon of Josephine. Sold for CHF48,634,000 ($48,468,158).

The Blue Moon of Josephine 12.03 carats vivid blue diamond image www.worldwidediamonds.info

Smashing all records, the Blue Moon Diamond, renamed The Blue Moon of Josephine, sold in November 2015 at Sotheby’s Geneva for over $4 million per carat – the world auction price-per-carat record for a diamond or gemstone. “After seeing the stone’s colour and understanding its significance, it was fitting to name it the Blue Moon Diamond,” noted Suzette Gomes, CEO of Cora International. “Not only its shape is reminiscent of a full moon,” she said of the cushion-shaped fancy vivid blue 12.03-carat diamond, “but the metaphor for the expression is exactly what one could say about the occurrence and existence of such a gemstone.”

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A spectacular emerald-cut diamond. Sold for $22,090,000.

emerald-cut diamond 110.20 carat white diamond image www.worldwidediamonds.info

Only six perfect diamonds weighing over 100 carats have sold at auction in the last 25 years. Sotheby’s sold five of those spectacular stones at sales in Geneva, Hong Kong, and New York, where in April 2015, this jaw-dropping 100.20-carat, type IIa diamond was offered. The classic, emerald-cut diamond’s D colour and internally flawless clarity are exceptionally rare at this scale.

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Superb and highly important fancy vivid purple-pink diamond and diamond ring, mounted by Sotheby’s Diamonds. Sold for HK$137,880,000 ($17,778,247).

fancy vivid purple-pink diamond and diamond ring 8.41 carats pear shaped image www.worldwidediamonds.info

This ring centres an 8.41-carat, pear-shaped, type IIa pink diamond, shown here, which is prized not only for its sweet, intensely saturated hue, but also for its internally flawless clarity. With a stylised mount pavé-set throughout with circular-cut diamonds, this jewel sold at Sotheby’s Hong Kong in 2014.

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The Beau Sancy. Sold for CHF9,042,500 ($9,678,188).

The Beau Sancy 34.98 carat double rose cut diamond image www.worldwidediamonds.info

Before this 34.98-carat modified pear double rose-cut diamond sold at Sotheby’s Geneva in 2012, its first royal owner was Marie de Medici, the wealthiest heiress in Europe, who in 1600 married Henri IV, considered the greatest king ever to rule France. Descending from the Medici through her father, Francesco, Grand Duke of Tuscany, who gave her this gem, she was not only rich but very grand. Cut and polished towards the end of the 16th century, the Beau Sancy also exhibits the first attempts to liberate the “fire” inherent in the stone – a property of diamond so admired today

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The Zoe Diamond. Sold for $32,645,000.

zoe diamond magnificent and rare 9.75-carat fancy vivid blue diamond pendant image www.worldwidediamonds.info

In the November 2014 sale of the Collection of Mrs Paul Mellon, collectors eagerly vied for jewellery and objects of vertu that evoked her celebrated style. After 20 minutes of competitive bidding, Mrs Mellon’s magnificent and rare 9.75-carat fancy vivid blue diamond pendant sold for more than double its high estimate, driving the 98%-sold auction total to $218 million. It was renamed The Zoe Diamond.

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Magnificent diamond. Sold for CHF12,597,000 ($14,201,354).

70.33-carat cushion brilliant white diamond image www.wordwidediamonds.info

Introduced at the beginning of the 20th century, the modern cushion-cut derives from ancient cushion-cut diamonds, sometimes referred to as “old mine” cuts. This magnificent 70.33-carat cushion brilliant diamond has not only received the highest colour and clarity grade from the GIA for white diamonds – D colour and flawless clarity – but it also is a type IIa diamond.

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The Graff Vivid Yellow. Sold for CHF14,501,000 ($16,347,847).

The Graff Vivid Yellow 100.09 carat diamond image www.worldwidediamonds.info

Of exceptional beauty and extraordinary fire, this brilliant gem is one of the largest fancy vivid yellow diamonds in the world. It is listed in Ian Balfour’s book Famous Diamonds as one of the few rare yellow diamonds greater than 100 carats. The 100.09-carat brilliant fancy vivid yellow diamond, which can also be detached and worn as a pendant, was sold at Sotheby’s Geneva in 2014.

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‘The Historic Pink’ magnificent fancy vivid pink diamond ring. Sold for CHF14,810,000 ($15,903,422).

'The Historic Pink' magnificent fancy vivid pink diamond ring. 8.72 carats image www.worldwidediamonds.info

This exceptional vivid pink Type IIa diamond, formerly in the collection of American heiress Huguette Clark, was mounted as a ring by Dreicer. Set with a cushion brilliant-cut fancy vivid pink diamond weighing 8.72 carats, this ring sold most recently in 2014 at Sotheby’s Geneva.

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Exceptional pear-shaped diamond. Sold for $14,165,000.

Exceptional pear-shaped white diamond 74.79 carats image www.worldwidediamonds.info

At 74.79 carats, this unmounted type IIa diamond has it all: D colour, VVS1 clarity, and it is potentially internally flawless.

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Henry Sapiecha

Merlin Mines has just unearthed Australia’s fifth largest diamond

merlin-has-just-unearthed-australias-fifth-largest-diamond-image-www-worldwidediamonds-info

Merlin Diamonds (ASX:MED) has unearthed Australia’s fifth largest diamond from its namesake mine in Australia’s Northern Territory, currently in the ramp up phase.

The company said the 35.26 carat brown diamond was among a number of rough gems found at its Merlin mine, including a 14.6 carat brown rock as well as a number of smaller white diamonds.

Shares in the company jumped 7% to $0.015 after the announcement.

Last month, the company found a very rare blue coloured diamond, believed to be the first blue gem produced at Merlin.

merlin-blue-diamond-rough-image-www-worldwidediamonds-info

The blue diamond found last month. (Image courtesy of Merlin Diamonds)

Blue diamonds are even more unusual than pink ones, normally found at Rio Tinto’s Argyle mine in Western Australia.

In June last year, a massive intense blue diamond, known as The Cullinan Dream, fetched $25.4 million at a Christie’s auction in New York, breaking all records and becoming the most expensive gem of its kind ever sold at auction.

Australia’s largest diamond, a 104.73 carat stone, was discovered at Merlin, which was run by Rio Tinto and Ashton Mining between 1999-2003, before being acquired in 2014 by Merlin Diamonds, formerly North Australian Diamonds.

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Henry Sapiecha

World’s largest pair of pear-shaped diamonds could fetch up to $30m

worlds-largest-pair-of-pear-shaped-diamond-earrings-could-fetch-up-to-30m image www.worldwidediamonds.info

A newly created set of drop earrings featuring the world’s largest pair of pear-shaped diamonds, is expected to fetch up to $30 million when they go under Christie’s hammer in Geneva on Nov. 15.

The “flawless quality” rocks, weighing 52.55 and 50.47 carats, were made into earrings by Boehmer et Bassenge’s new boutique Maison de Haute Joaillerie, in Paris.

The piece of jewellery, named Miroir de l’Amour (Mirror of Love), will be sold alongside an exceedingly rare Fancy Vivid pink pear-shaped diamond ring, which is expected to sale for $16 to $18 million, the auction house said.

the-fancy-vivid-pink diamond image www.worldwidediamonds.info

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The Orange

the-orange

When it was auctioned in 2013, this diamond was the largest Fancy Vivid Orange diamond ever to have been discovered, weighing approximately 14.82 carats.

The gem, which sold for over $35.5 million — more than $15m above its high estimate — is also the largest Fancy Vivid Orange diamond ever graded by the Gemological Institute of America.

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The Winston Legacy

the-winston-legacy diamond image www.worldwidediamonds.info

On 15 May 2013 this exceptional pear-shaped gem — at 101.73 carats, one of the world’s most perfect diamonds — was the top lot in Christie’s record-breaking $102 million Geneva auction of Magnificent Jewels. It sold to Harry Winston for $26.7 million, setting a new world record at auction for a colourless diamond.

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The Blue

the-blue diamond www.worldwidediamonds.info

The world’s largest and flawless pear-shaped diamond set a fresh all-time record at a global auction for a blue diamond. It was sold to Harry Winston for $24 million — more than $1.8 million per carat — and it was rechristened as the Winston Blue.

The diamond industry has rebounded this year after Anglo America’s De Beers unit and Russian rival Alrosa axed supply in 2015. And while rough-diamond prices have gained over 7% this year, main actors such as De Beers have repeatedly warned the final months of the year could be more difficult.

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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.

www.www-gems.com

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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

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

Shirley Temple’s fancy vivid blue 9.54 ct diamond ring fails to sell at auction

shirley-temples-fancy-blue-diamond-ring-fails-to-sell image www.worldwidediamonds.info

A rare 9.54-carat blue diamond ring that belonged to former child star Shirley Temple has failed to buy a buyer at a touted Sotheby’s auction in New York.

The ring, flush in its original Art Deco setting, was originally expected to bring between $25 million and $35 million.

In the last two months, Sotheby’s heavily promoted the ring, exhibiting it at its bureaus in Hong Kong and Los Angeles and taking it on a major media tour.

shirley-temple-blue-diamond image www.worldwidediamonds.info

The Fancy Deep Blue diamond ring was expected to fetch up to $35 million. (Image courtesy of Sotheby’s)

The Hollywood actress’ father gave her the jewel in 1940, around the time of her 12th birthday and when the girl’s film “The Blue Bird” premiered. Temple’s father paid $7,210 for the ring, the auction house said last month.

Despite its history and rarity — the rock is, after all, fancy deep blue — the ring remains in Sotheby’s hands.

Depending on the lot’s consigner’s preferences, the ring could be recalled, considered for a private sale orchestrated by the auction house, or saved for a future public sale.

Last year, Sotheby’s set a fresh world auction record for any diamond or gemstone ― as well as a record price-per-carat for any diamond or gemstone ― when a 12.03-carat Fancy Vivid Blue diamond sold for $48.5 million.

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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