A Diamond For the Record Books
If you follow the diamond industry at all – or if you are just one who enjoys being bowled over by world record numbers – put February 26, 2010 on your calendar. This is the day that Petra Diamonds sold a rough diamond for a record $35.3 million. How big was the diamond? 507 carats!
The diamond itself is one of the 20 biggest known high-quality diamonds in existence. One of the most remarkable aspects of this story is that it was actually valued at about $25 million – $10.3 million less than its eventual selling price.
The quality and size of the diamond are believed to be the key factors in the higher selling price, as this diamond has the potential to be one of the most important polished gems in history.
According to Petra, the mammoth gem was purchased in a tender by Chow Tai Fook Jewelry Co Ltd in Hong Kong.
The diamond was mined from the Cullinan mine in South Africa. The Cullinan mine has long had a reputation for producing noteworthy diamonds, including “The Cullinan” – the world’s largest rough diamond at 3,106 carats. That diamond was eventually was cut into the Star of Africa stones now set in Britain’s Crown Jewels.
While we don’t have any 507ct diamonds in our inventory, we do have quite a selection of other sizes for all kinds of diamond rings and diamond solitaire pendants at SuperJeweler.com.
July 20th, 2010 at 5:46 pm
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