Category Archives: ROUGH DIAMONDS

WHITE ROUGH DIAMOND FOUND IN OYSTER FROM CHINA VIDEO SHOWS

LIVE OYSTER BOUGHT FROM CHINA VIA AMAZON CONTAINED MANY PEARLS & A BEAUTIFUL ROUGH WHITE DIAMOND

The buyer of the oyster from Amazon from China shows it being opened live to discover the many pearls & to everyones surprise a sparkling white rough diamond.A must view for all.

Henry Sapiecha

www.www-gems.com

Gem Diamonds shares ablaze as miner discovers 910-carat rough diamond

A RARE FIND OF A 910 CARAT ROUGH DIAMOND IN AFRICAN DIAMOND MINE

Shares in Africa-focused Gem Diamonds (LON:GEMD) skyrocketed Monday morning after the miner announced the recovery of what it qualified as the fifth biggest gem-quality diamond ever found.

The 910-carat, D colour, Type IIa rough diamond was unearthed at the firm’s flagship Letšeng mine in Lesotho. According to analysts at Liberum, it may fetch as much as $40 million, based on previous sales of large quality stones.

The company’s stock leaped more than 17% on the news by midday Monday, the biggest intraday gain since 2010, trading at 93 pence.

To date, Gem Diamonds has recovered ten 100-carat-plus stones from its Letšeng mining

operation  inLesotho, and five of the 20 largest white gem-quality rough diamonds ever
found.

 

Since acquiring Letšeng in 2006, Gem Diamonds has found now five of the 20 largest white gem quality diamonds ever recovered, which makes the mine the world’s highest dollar per carat kimberlite diamond undertaking.

Up to now the company has recovered ten 100-carat-plus stones at Letšeng. One of them, a 357-carat stone found in 2015, sold for $19.3 million.

“This eawesome top quality diamond is the largest to be mined to date and highlights the unsurpassed quality of the Letšeng mine,” em Diamonds’ chief executive officer, Clifford Elphick, said in the statement.

Previous to today’s announcement, the biggest diamond dug at that mine was the 603-carat called Lesotho Promise, found in 2006.

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

The biggest diamond ever found was the 3,106-carat Cullinan, dug near Pretoria, South Africa, in 1905. It was later cut into several stones, including the First Star of Africa and the Second Star of Africa, which are part of Britain’s Crown Jewels held in the Tower of London. Lucara’s 1,109-carat Lesedi La Rona was the second-biggest in record, while the 995-carat Excelsior and 969-carat Star of Sierra Leone were the third- and fourth-biggest.

Henry Sapiecha

www.www-gems.com

www.www-globalcommodities.com

Sierra Leone ‘Peace Diamond’ in the rough sold for less-than-expected

Still, the egg-sized, 709-carat rock fetched $6.5 million

Sierra Leone has sold one of the world’s largest diamonds ever found at an auction in New York on Monday, fetching a lower-than-expected price of $6.5 million

The egg-sized, 709-carat rough “Peace Diamond” is one of the largest ever discovered in the West African country and one of the world’s 20 biggest rough precious rocks ever found.

The egg-sized diamond was found in March in the country’s eastern Kono region by a Christian pastor who gave it to the government.The yellowish diamond is also one of the largest found in recent years at mines in southern Africa, closely behind Lucara Diamond’s (TSX:LUC) 1,111-carat rock discovered in Botswana in 2015.

It was sold to luxury jeweller Laurence Graff, chairman of Graff Diamonds, a British multinational jeweller based in London, said international diamond trading network Rapaport Group, which marketed and auctioned the stone for free.

As promised by the pastor who found the diamond and later donated it to Sierra Leone’s government, half of the proceeds from the auction will be used to fund infrastructure projects to benefit the community of the small village where it was discovered.

The country’s government will receive about $3.9 million of the final selling price as taxes, Rapaport said. Another $980,454 will enter a community development fund, while about $1 million will go to local diggers in the West African nation’s Kono district.

This is not the first “Peace Diamond” is put up for sale. A $7.8 million bid was turned down by the government of Sierra Leone in May. Two months later, authorities announced they would try selling it again.

Between 1991 and 2002, the Kono district — where the Peace Diamond was found — was at the centre of the “blood diamond” trade that funded the country’s brutal civil war as rebel groups exchanged gems for weapons.

Emmanuel Momoh, a 39-year-old pastor who is also one of hundreds of so-called artisanal miners in Kono, Sierra Leone’s key mining district, found this diamond — the second-largest ever found in the West African nation. (Image courtesy of National Minerals Agency of Sierra Leone.)

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

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.

www.www-gems.com

Henry Sapiecha

Worlds biggest diamond mine Alrosa has sold $2.5 billion in diamonds so far this year 2017

World’s largest diamond producer by output said market has refound its balance.

Russia’s Alrosa (MCX:ALRS), the world’s top diamond producer by output, said Monday it sold $2.5 billion worth of rough and polished precious rocks from January to June this year.2017

From that total, rough diamonds sales totalled $2.442 billion, and polished ones fetched $54.9 million, the company said.

Last month alone, the miner brought in $365 million in diamond sales — $354 million in rough rocks and $10.6 m. in polished ones.

Alrosa Vice President Yury Okoemov said the company considers the seasonal slowdown of June officially at an end, adding the rough diamond market is back to being balanced.

The company, which is planning to increase production by 6% to 39.2 million carats this year, appointed in March Sergei Ivanov, the son of a close advisor to Russian president Vladimir Putin, as its new president.

Henry Sapiecha

Lucara gets almost $18M for fragment of its massive ‘Lesedi La Rona’ diamond

Canada’s Lucara Diamond (TSX:LUC), the company that hit the jackpot in 2015 after finding the world’s second-largest diamond, just got $17.5 million for a piece that broke from that rock, the now historic 1,109-carat “Lesedi La Rona.”

To date, Lucara has sold 145 diamonds for more than $1 million each.The 373.7-carat diamond, sold during the Vancouver-based miner’s $54.8 million recent tender to luxury jeweller Graff Diamonds, was one of 15 large and high value rocks offered by the company.

Just like the 1,109-carat diamond it found in 2015, all the stones sold this week were mined at Lucara’s Karowe mine in Botswana, which has been yielding massive rocks as of late.

Last year, the miner sold one of those mammoths — the 813-carat “The Constellation” — for $63 million, setting a new record for a rough gem.

It wasn’t that lucky when it came to three-billion-year-old “Lesedi La Rona,” meaning “our light” in the Tswana language spoken in Botswana, as the rock failed to sell at a Sotheby’s auction in June last year.

This is the 373.72-carat rock, once part of the second largest gem quality diamond ever discovered. (Image courtesy of Graff Diamonds.)

The gem, second in size only to the Cullinan diamond in the British Crown jewels, was expected to go for at least $70 million. The highest bid, however, was around $61 million, leaving it in Lucara’s hands.

To date, the company has sold 145 diamonds for more than $1 million each, bringing in revenues of more than $528 million, its President and CEO William Lamb said in the statement.

Botswana, the focus of Lucara, is the world’s largest producer of diamonds and the trade has transformed it into a middle-income nation.

Henry Sapiecha

HUGE 110 CARAT YELLOW DIAMOND UNEARTHED IN AFRICAN Liqhobong MINE

Shares in Africa-focused Firestone Diamonds (LON:FDI) shot up in London Wednesday after it announced it had unearthed an 110-carat yellow diamond, it’s biggest find so far, at its newly developed mine in Lesotho.

The company, which is just ramping up production at its Liqhobong operation, said the finding confirmed its belief that the deposit holds large stones.

Investors reacted positively to the news, with the stock climbing as much as 13% early in the day and trading 9.7% higher to 49.10p at 1:38PM GMT.

Firestone spent $185 million building Liqhobong, which boasts over 11 million carats in reserve. The total open pit resource contains over 17 million carats down to 393 metres.

Since production began at Liqhobong in October, and before today’s announcement, the company had recovered 20 stones larger than 10.8 carats, the industry cut off for an exceptional stone, including a 37-carat white diamond.

Beautiful_Russian_4_300_250

Henry Sapiecha

Another large diamond dug from Lulo mine in Angola… 227-carat white rough

Weighing 227 carats, latest gemstone from Lucapa’s Angolan diamond mine is its second largest to date

lucapa_227-carat-diamond image www.worldwidediamonds.info

Big, valuable gemstones that may eventually get cut into smaller diamonds keep getting discovered in Angola.

Today Lucapa Diamond Company Ltd. (ASX:LOM) said it has uncovered yet another epic rock from its Lulo mine, the second largest to be pulled from deep inside the earth at Lulo.

According to Lucapa, the 227-carat stone was found in a new mining block, indicating that the entire 50-kilometre length of the Cacuilo River is diamondiferous.The stone weighing 227 carats, discovered by Lucapa and its partners, Empresa Nacional de Diamantes EP, and Rosas & Petales, is a Type IIa D-Colour gem. It’s the same type of diamond that Lucapa recovered in September, in that case weighing 172.6 carats. The largest diamond to come out of the mine was a 404.2-carat monster that Lucapa unveiled a year ago, and which Lucapa later sold for AUD$22.5 million. The huge rock bested Angola’s previous record for its largest diamond, the Angolan Star, a 217.4-carat gem recovered in 2007.

According to Lucapa, the 227-carat stone was found in a new mining block, indicating that the entire 50-kilometre length of the Cacuilo River is diamondiferous. The alluvial diamond area is among Lucapa’s 3,000 square kilometre Lulo concession, and has so far only been about 20% explored by Lucapa and its partners. The gem was discovered using a new XRT large-diamond recovery circuit recently installed at Lulo.

So far Lucapa has unearthed seven diamonds over 100 carats from the Lulo diamond project. Located 150km from Alrosa’s Catoca mine, the world’s fourth largest diamond mine, Lulo hosts Type IIa diamonds which account for less than 1% of global supply.

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.

CLUB LIBIDO BANNER BRUNETTE SMILES

Henry Sapiecha

Swiss jeweller buys rights to $63M Constellation Lucara diamond

Cutting and polishing the 813-carat stone could result in one of the world’s largest flawless diamonds

lucara-813-ct-diamond image www.worldwidediamonds.info

The world’s most expensive rough diamond is now in the hands of De Grisogono, a Swiss luxury jeweller and watch maker.

Geneva-based De Grisogono purchased the rights to market Lucara Diamond’s (TSX:LUC) Constellation gem, which sold in May for a record $63 million, at the launch of the 28th Biennale des Antiquaires in Paris. The price was not disclosed.

The company entered into an agreement with Nemesis International when the Dubai-based corporation bought the 813-carat stone from Lucara, which recovered it last November from its Karowe mine in Botswana.

“I love her and I hate her. Love because something like this is so exceptional – I could never dream to be able to have a stone like this in my own hands – and hate her because I don’t know how I’m going to dress her.”

According to De Grisogono, cutting and polishing the Constellation – a process expected to take several months – could result in one of the world’s largest flawless diamonds. The impressive rock weighs 813 carats and measures six centimetres (2.4 inches) across. According to Nickolas Polak, international director of Nemesis, the diamond will be cut in Antwerp and is expected to produce the world’s largest D Flawless diamond, weighing between 300 carats and 350 carats, reported the fashion website WWD.

“(This is) the first time we’ve taken such a historic stone and had full creative freedom to do what we want with it,” CNN quotes De Grisogono CEO John Leitao, who added that the firm plans to transform Constellation into “a stone that rivals the crown jewels.” The company’s founder was even more colourful in his comments: “I love her and I hate her,” said Fawaz Gruosi. “Love because something like this is so exceptional – I could never dream to be able to have a stone like this in my own hands – and hate her because I don’t know how I’m going to dress her.”

Lucara made headlines with an even bigger diamond also dug from Karowe, the 1,109-carat “Lesedi La Rona”  (or “our light” in the Tswana language spoken in Botswana). However that stone, which was expected to fetch $70 million, failed to sell at auction and Lucara is still searching for a buyer.

De Grisogono also purchased the rights to market a 404-carat rough diamond from Nemesis International in May. According to Rapaport News, that stone was recovered by Lucapa Diamond Company (ASX:LOM) at its Lulo mine in Angola.

Three days ago Lucapa dug a 38.6-carat pink diamond, also from Lulo. The coloured stone is the largest “fancy” pink diamond recovered to date from the mine.  The Australian company reportedly sold it last week as part of a parcel of other rocks for a total of $5.8 million.

Beautiful_Russian_2_300_250

Henry Sapiecha