Category Archives: PINK DIAMONDS

Alrosa Russian Diamond mine finds gigantic pink diamond, likely its most expensive one

Russia’s Alrosa (MCX:ALRS), the world’s top diamond producer by output in carats, has unearthed 27.85-carat pink precious rock the company believes could be the most expensive it has ever found.

Alrosa is trying to decide on whether to sell this pink rock as a rough diamond, or cut and polish it.The miner, majority-owned by the Russian government, said the gem-quality stone was found at its alluvial mines in Russia’s Far East, adding that the largest pink diamond it had previously discovered was less than 4 carats in weight.

The impressive pink rock, measuring 22.47 mm x 15.69 mm x 10.9 mm, has very few flaws and could become the company’s most expensive polished diamond if it decides to cut it, Alrosa said in the statement.

Coloured diamonds, especially pink ones, have been lately setting records in auctions. In April, Sotheby’s sold a 59.6-carat one — the ‘‘Pink Star’’ — for $71.2 million. Until then, 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) in May 2016.

The previous world auction record for a pink diamond was $46.2 million for the 24.78 carat “Graff Pink” in 2010.

Alrosa noted that it is currently trying to decide on whether to sell this pink rock as a rough diamond, or cut and polish it.

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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

 

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

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.”

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Henry Sapiecha

Lucapa finds another massive diamond at Lulo, biggest pink yet

lucapa-finds-another-massive-diamond-at-lulo-biggest-pink-yet image www.worldwidediamonds.info

Australian Lucapa Diamond (ASX:LOM) has unearthed yet another massive, this time a  38.6-carat pink diamond, at its Lulo project in Angola.

The coloured stone is the largest “fancy” pink diamond recovered to date from Lulo, surpassing the 28.5-carat, said the company, which sold it earlier this week as part of a parcel of other rocks for a total of $5.8 million.

The Lulo diamond project, located 150km from Alrosa’s Catoca mine, the world’s fourth largest diamond mine, hosts type-2a diamonds which account for less than 1% of global supply.

The 38.6-carat pink diamond was sold earlier this week as part of a parcel of other rocks for

a total of $5.8 million.

Lucapa holds a 35-year license for the project, which recently bore a 404.2-carat white diamond, considered the largest diamond ever recovered in Angola and the biggest diamond ever found by an Australian company.

Angola is the world’s No.4 diamond producer by value and No.6 by volume. Its industry, which began a century ago under Portuguese colonial rule, is successfully emerging from a long period of difficulty as a result of a civil war that ended in 2002.

Earlier this year, the government reduced taxes and cut state ownership requirements to rekindle the industry after the global financial crisis forced mines to close.

The world’s biggest pink diamond found to date was unearthed at Rio Tinto’s Argyle mine, weighing 13 carats.

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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

Sotheby’s Acquires “Pink Star” Diamond after Buyer Defaults

Published on Feb 28, 2014

Sotheby’s acquires the “Pink Star” diamond, which fetched a world-record price in November, after its buyer couldn’t pay and defaulted.

Sotheby’s said it acquired the “Pink Star” diamond, which had fetched a world-record price in November, after its buyer couldn’t pay and defaulted.

New York-based diamond cutter Isaac Wolf outbid three rivals last November to pay 76.3 million Swiss francs ($83.02 million) for the flawless pink diamond in an auction guaranteed by Sotheby’s.

In a post-earnings conference call, the auction house said it reversed the related commission revenue as a result of the buyer default and recorded the pink diamond in inventory at a value of about $72 million.

“We are currently in discussions with the buyer, while also considering other alternatives,” Patrick McClymont, Sotheby’s CFO said on the call with analysts. “In the meantime, we are quite comfortable with our valuation, and see real value in owning the diamond at this price.”

The world-record price for the diamond, which had been renamed “The Pink Dream” after Wolf acquired it, had included a “buyer’s premium,” or commission fees. The diamond’s pre-sale estimate was $61 million.

The 59.60-carat Pink Star was the main attraction at Sotheby’s November jewels sale in Geneva, which was the highest jewelry sale total for a single auction in history – $199.5 million.

On Thursday (February 27), Sotheby’s reported weaker-than-expected quarterly profit, hurt by higher operating expenses and increased competition. The auctioneer reported earnings of $1.30 per share that missed analysts’ estimates of $1.40 per share, according to Thomson Reuters I/B/E/S.

Billionaire hedge fund manager Daniel Loeb mounted a proxy fight with the goal of winning three board seats after the auction house’s promise to return $450 million to shareholders failed to appease activist investors.

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Henry Sapiecha

PINK DIAMOND THIEF GETS 4 YEARS PRISON IN QLD AUSTRALIA

British tourist jailed for four years over $250,000 diamond theft in Cairns in far north Queensland

ROUND PINK RBC DIAMOND IMAGE www.worldwidediamonds.info

A 31-year-old British national who stole a diamond worth $250,000 in Cairns last year has been sentenced to four years in jail by a far north Queensland court.

The District Court heard Matthew Mark Luke John Osborne ran from the Cairns jewellery store with the rare pink argyle diamond in February last year, after asking to see the gem up close.

Police used security camera footage and fingerprints to track Osborne.

He was arrested at a Melbourne airport as he was about to board a flight to New Zealand several days after the theft.

When Osborne was arrested he told police he swallowed the gem, but it was never recovered.

Today, his lawyer said the diamond had actually been lost during a camping trip and that Osborne’s decision to steal it had been spontaneous.

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Tourist charged over pink diamond theft in Cairns Australia yet to see fate

The missing diamond.

A British tourist charged over the theft of a rare pink diamond in Cairns will learn his fate next month.

Detectives allege Matthew Mark Luke John Osborne, 30, stole the Argyle diamond, worth more than $100,000, from a Cairns jeweller in February last year.

He was arrested at Melbourne Airport five days later as he prepared to board a flight to the UK via New Zealand.

The diamond has never been found.

Osborne’s case was mentioned briefly in the Cairns District Court on Tuesday when a sentencing date was set down for April 30. He has entered no plea.

His lawyer, Vicki Toong, asked for the delay to allow mental health reports to arrive from the UK.

Osborne has been in custody since his arrest.

AAP 

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Henry Sapiecha

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