Category Archives: WHITE DIAMONDS

Yet Another huge diamond unearthed in Lesotho mine

Gem Diamonds discovered this high quality 126-carat, D colour Type IIa rock at Letšeng

Africa-focused Gem Diamonds (LON:GEMD) unveiled Thursday a 126-carat rock unearthed at its flagship Letšeng mine in Lesotho, the latest in a string of major discoveries at the operation this year.

The finding of the high quality D colour Type IIa diamond comes barely a month after the company discovered two massive diamonds at the same mine —  a 151.52-carat Type I yellow rock and a high quality 104.73-carat, D-colour Type IIa stone.

It also follows the recovery of a 114-carat diamond in April and an 80-carat, D-colour Type-II diamond found in May — one of the highest-quality diamonds to come out of the Letšeng mine.

Type IIa diamonds contain very little or no nitrogen atoms, which places them among the most expensive stones.

Since acquiring Letšeng in 2006, Gem Diamonds has found four of the 20 largest white gem quality diamonds ever recovered, which makes of the 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.

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

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

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.

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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

History Of Diamonds on video

white-rbc-diamond-black-background-image-www-worldwidediamonds-info

Diamonds are by far the most popular gemstones used in modern jewelry, but do you know where they came from?

Diamonds have been considered to be beautiful and very valuable for a long time. In the 1st century AD, a roman naturalist said that the “diamond is the most valuable, not only of the precious stones, but of all things in the world.”

The international love of diamonds started in India. They were trading diamonds as early as the 4th century BC. Eventually, they started trading to the Europeans, and became very popular among them by the 1400s.

In the 1700s, Brazil became a diamond-mining powerhouse.

The int 1800s, after the French Revolution, western Europe and the US became more wealthy and the demand for diamonds exploded.

By the 1900s, South Africa mined 90% of the world’s diamonds.

Recently, diamonds have been found in Australia and Canada.

Diamonds have truly withstood the test of time and will always be in fashion.

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Henry Sapiecha

World’s largest flawless heart-shaped diamond & this is it here

largest D Flawless heart shape diamond in the world image www.worldwidediamonds.info

Yes, they are a girl’s best friend. But, not every girl can get them and this particular gemstone is definitely a hard-to-get brilliant beautiful bountiful bling.

Graff Diamonds has just revealed in London its Graff Venus, the largest D Flawless heart shape diamond in the world, which weighs 118.78 carats and is the size of a walnut.

largest D Flawless heart shape diamond in the world image www.worldwidediamonds.info (2)

(Photo: Graff Diamonds).

This diamond has been described as a flawless type IIA with superb polish, excellent symmetry and nil fluorescence. These features are only accorded the top diamonds in the world.

The Venus heart shaped white diamond was cut from a 357-carat rough discovered at the Letšeng Mine in Lesotho in 2015.

It took 1.5 years for the stone to take shape, starting from the initial discovery, going through the analysis process and developing new technology to cut and polish the main diamond and the 22 other satellite stones yielded from the same piece of rough.

largest D Flawless heart shape diamond in the world study sketch image www.worldwidediamonds.info (2)

Will you be the lucky lady to receive this record-breaking superb white flawless heart-shaped gem? For now, Graff plans to showcase it around a number of countries before setting it as a jewel.

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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.

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Henry Sapiecha

 

 

Alrosa unearths 241.21-carat diamond, one of largest ever found in Russia

alrosa-unearths-241-21-carat-diamond-one-of-largest-ever-found-in-russia image www.worldwidediamonds.info

The diamond was found the Nyurbinsky open-pit mine, in Nakyn. (Image courtesy of ALROSA)

Russia’s Alrosa (MCX:ALRS), the world’s top diamond producer by output in carats, has unveiled the discovery of a 241.21-carat rough diamond at its Nyurbinsky open-pit mine.

The diamond is one of the largest ever recovered in Russia.

The precious rock, said the company, is one of the largest rough diamonds ever recovered in Russia and the third largest among those found by the company’s Nyurba Mining and Processing Division.

The massive diamond measures 38.64 mm by 27.34 mm by 25.46 mm, and is translucent with a grey hue. Traces of dissolution–etching channels and caverns–are observed on the surface.

The intermediate and peripheral zones have large cracks and the crystal contains graphite and sulphide inclusions, Alrosa said.

alrosa-241carats-diamond image www.worldwidediamonds.info

The massive diamond measures 38.64 mm by 27.34 mm by 25.46 mm, and is translucent with a grey hue. (Image courtesy of ALROSA)

The Nyurbinsky has been in operations since 2001. Identified reserves January last year amounted to 36.9 million carats.

The Nyurba Mining and Processing Division is one of Alrosa’s youngest divisions, in charge of the Nakyn ore field as well as the Nyurbinsky and Botuobinsky open-pit mines.

The state-owned diamond miner may be privatized as soon as this summer, Russian Economy Minister Alexei Ulyukayev said at the St Petersburg International Economic Forum on Thursday, according to Reuters.

www.www-gems.com

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Henry Sapiecha

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

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

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

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

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

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

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

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

www.gem-creations.com

www.www-gems.com

www.www-globalcommodities.com

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

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Henry Sapiecha