Botswana mine yields 342-carat diamond

Lucara Diamond Corp. announced this week the discovery of a 341.9-carat gem-quality diamond at its Karowe Mine in Botswana, the same mine that yielded two 200-carat-plus pieces of rough last year. 
The diamond is a Type IIa that shows “exceptional color and clarity”. It will be sold along with two other big pieces of rough, both of which are more than 100 carats. The sale date has yet to be determined.
The diamond was found while processing fragmental kimberlite from the central and south lobe interface of the mine, which is proving, somewhat surprisingly, to be a prolific source of high-quality, large rough diamonds.

Kathleen Marino M.A, G.G., AJP, NAJA

The “Ultimate Emerald-cut Eiamond" Fetches More than $22 million

An anonymous buyer who called in their bid became the owner of one impressive diamonds, a 100.2-carat, internally flawless, D color Type IIa diamond. The diamond sold for $22.1 million at Sotheby’s New York jewelry sale on April 21, falling slightly short of its highest pre-sale estimate, $25 million.
The hundred-carat stunner led Tuesday’s Magnificent Jewels sale and was one-third of the auction’s $65.1 million total, a new record for Sotheby’s in New York.
According to Sotheby’s, the stone is the largest “perfect” diamond with a classic emerald cut ever sold at auction and the first 100-carat-plus perfect diamond sold at an auction held in New York. The $22 million paid for it is a record for a colorless diamond auctioned in New York.

Kathleen Marino M.A, G.G., AJP, NAJA

Exceptional 63.05-carat Diamond Found

Lucapa Diamond Company recovered an “exceptional” 63.05-carat, Type IIa diamond from its alluvial mining operations at the Lulo Diamond Concession in Angola. It is the biggest diamond recovered since Lucapa started commercial mining operations at the site in January and the company’s third-largest stone unearthed at Lulo, behind 131.40-carat and 95.45-carat stones (both of which also were Type IIa).

Kathleen Marino M.A, G.G., AJP, NAJA

The “Kimberley Purple"

The “Kimberley Purple,” a 30.80-carat rough diamond found in Batla Minerals’ Superkolong diamond tailings plant in Kimberley, South Africa, is on view in New York until April 23, when it will be moved to Antwerp for tender. 
A viewing can be arranged by emailing appts@fusionalternatives.com. Additional information on the tender can be found on the Fusion Alternatives website. 

Kathleen Marino M.A, G.G., AJP, NAJA

GIA to Host "Dreams of Diamonds" Exhibit

The “Dreams of Diamonds” exhibit will be on view at the Gemological Institute of America from April 29 to May 11. It will feature 25 diamond pieces, including a pair of boots set with 1,527 carats of diamonds and a 50.05-carat flawless D-color diamond. More than 4,000 carats of diamonds will be on display. The exhibit coincides with a debut of a book on these stunning and unique pieces.
The book was put together by British photography and design team Alastair Laidlaw and Christine Marsden. It is a massive oversized ‘Super Book’ that features full print size images and weighs more than 30 pounds. The book took six years to complete, featuring the diamonds and jewelry in unusual, “dream-like” settings. 
The items featured in the book were provided by 12 of the world’s best-known diamantaires and designers. Seven of them: Adler Joailliers, Chatila, Chow Tai Fook, Diacore, Mouawad, and Munnu The Gem Palace, are loaning pieces for the exhibit at GIA. 
Appointments are necessary to see this exhibit. Head to GIA’s website for details.

Sotheby's Breaks Record with 9.75 carat Blue Diamond

                       © Sothebys

On Nov. 20 a 9.75 ct fancy vivid blue pear-shaped diamond hit the auction block at Sotheby's New York. A frenzied 20 minute bidding war between seven people ensued ending with the stone fetching $3.3 million a carat ($32.6 million total), setting a new record for any diamond's per-carat price sold at auction. 
The price tops the 14.82 carat vivid orange sold by Christie's in Geneva which sold at $2.3 million a carat ($35.5 million total). The diamond has also set a record as the most expensive diamond ever, a spot previously held by the Wittlesbach-Gaff  sold in 2008.
The blue has been dubbed "The Zoe" by its current owner, A Hong Kong collector who remains anonymous. 

The Graff Ruby Lead the Sotheby's Geneva Sale

The cushion-shaped ruby weighing 8.62 carats, set between triangular diamond shoulders within a mount decorated throughout with brilliant-cut diamonds, size 59, signed Graff, together with an alternative ring mount, Graff. Photo Courtesy of Sothebys

The November 12th, 2014 Sotheby's Geneva auction was lead by a truly magnificent pigeon-blood colored ruby known as the "Graff Ruby".  The ring was originally sold at auction nine years ago and was purchased by noted jeweller Laurence Graff for a record breaking price. He later named the ruby "The Graff Ruby". 
In Geneva the ring again fetched a record breaking amount (selling for $8,600,410). The ring was part of the Collection of Dimitri Mavrommatis (16 pieces) which also included a rare 27.54 carat step-cut Kashmir sapphire, as well as several pieces by contemporary jewelers, Graff and JAR (who was represented by a pair of superb sapphire, ruby and diamond earrings).

The step-cut sapphire weighing 27.54 carats, set between pear-shaped diamond shoulders, size 53, together with an alternative ring mount, Graff. Photo Courtesy of Sothebys

The "Graff" Ruby information:
The piece was accompanied by Gübelin report stating that the ruby is of Burmese origin, with no indications of heating. The SSEF report together with a letter stating:
"The Graff Ruby...The described gemstones exhibits an impressive weight and purity, combined with a very pleasant shape and cutting style. The faint inclusions found by microscopic inspection represent the hallmarks of the reputed deposit of Mogok in Burma (Myanmar). The stone has been spared to exposure of thermal treatment and its clarity and colour are natural. Its vivid red, poetically referred to as 'pigeon blood' is due to a combination of well balanced trace elements in the stone, typical and characteristic for rubies of the Mogok gemstone tract. Natural Mogok rubies from this size, colour and clarity represent a great rarity and the Graff ruby with its combination of outstanding characteristics is a very exceptional gemstone."

The Blue Belle of Asia

The Blue Belle of Asia Sold by Christie's Geneva

The Christie's November 11th auction shatters the world record for any sapphire sold at an auction with  the Blue Belle of Asia fetching a staggering US$17.7 million.  
The 392.52 carats cushion-cut Ceylon sapphire is the world’s fourth largest faceted blue sapphire and was listed as the second most expensive lot at the sale (estimate $6.9 – 9.9 million), however it soon outperformed the highest estimated lot, colored diamond and diamond ear pendants by Bulgari.  
The enormous blue sapphire has a provenance dating back to 1937. This is an even larger landmark notice as this was also the first time that a blue sapphire or a colored gemstone lot had been at the top of a public auction and outperformed diamond containing lots.

The record breaking Blue Belle of Asia sold by Christie's