Mar 05
There is quite a bit of interest in one particular raw uncut diamond on the market today. This extremely large 507-carat raw uncut diamond was speculated at having the ability to bring in over $30 million on the open market last fall, and today it has been recorded that this rough diamond managed to be sold for a total of $35.3 million, which makes it the absolutely highest selling price for any raw uncut diamond on the market today or in the past. When examining the overall value of this rough diamond, one can break down the worth to a remarkable $69,557 per carat. Nowhere in the world will any individual find a more precious stone that can reap as much as this particular raw uncut diamond. It seems that with this rare diamond, the Petra diamond company is quickly rebounding back from the recession lows that it had experienced in the past year.
The Petra diamond company who possessed this precious gem had it appraised previously at over $25 million by several special analysts and is known as one of the top 20 largest raw uncut diamond gems in the world today. Found last September at the Cullinan mine in South Africa, the Petra diamond company has reflectively named this precious rough diamond the “Cullinan Heritage”. Raw diamond mining at the Cullinan mine near Pretoria in South Africa has been known as one of the best sources of biggest diamond finds, yielding the world’s largest diamond that was discovered back in 1905. This other rare diamond sits at an outstanding 3106 total carats that currently belongs in Britain’s Crown Jewels.
This egg-sized rare diamond find is quickly becoming known not only for its large size but also its remarkable color and clarity as its more significant attributes. Currently there are no plans in place for any further jewelry design ideas or how one would proceed with such a large rare gem, but effectively this celebrity diamond can yield a remarkable ‘D-flawless’ clear and polished stone anywhere between 170-180 carats. A diamond of such beauty can also fetch a significant resale price on the open market. Before any individual of the general public has the opportunity to view and possibly purchase the Cullinan Heritage diamond, it will be certain that much analyzing will occur. Teams of diamond experts and cutters will have to be assembled so that they are sure to scrutinize every possible solution and strategy for how the Cullinan Heritage diamond could be cut and made presentable for possible resale.
The Cullinan Heritage raw diamond was recently purchased by a tender from Hong Kong-based Chow Tai Fook Jewellery Company Ltd. The purchase and sale of the Cullinan Heritage diamond puts specific emphasis on the interest that China has on the global diamond market and how they are growing contributors, bouncing back from the economic crisis of past years. Many are recognizing China with significant interests in the global diamond market, overtaking Japan as the second most influential country for rare gems. It is not known currently what the plans are for this remarkable rare diamond find, but the ability of this rare diamond to be cut into many other rare stones is a possibility, while keeping the diamond intact can also bring forth an extraordinary treasure for many jewelry designers.
Even though depleting markets and the global recession over the last few years has touched many individuals and businesses, many rare gems including the Cullinan Heritage have sparked a high level of interest, significantly more than first assumed. The diamond market today is currently increasing back to levels seen in 2008 before the economy had suffered a negative impact. Many feel that this raw uncut diamond is just a small step in helping the diamond market regain its notoriety and continues to grow for the open market as part of a successful economy. The interest in raw uncut diamonds is quickly growing, helping make rare diamond finds such as the Cullinan Heritage an even larger find due to its worldwide interest.
Although it may be difficult to imagine such a large rare gem being bought and sold for such a substantial amount of money, many individuals are sure to see other raw uncut diamonds come from diamond mines in South Africa that have been known to produce such rare gems.
Dec 23
We have all admired diamonds, and anyone watching a red carpet event is sure to see a whole spectrum of these precious wonders. That is because diamonds come in every color of the rainbow, and some colored stones are actually far more valuable than even the most beautifully cut colorless stones. The increase in attention and popularity of colored diamonds can be attested to by the fact that most of the highest-priced and valuable diamonds in the world are fancy color diamonds.
Continue reading »
Nov 06
Vintage diamonds are known for their antique cuts, that while not as sophisticated as newer ones, still retain a charm and mystery that newer cuts lack. Gemstone cutting is an art that has grown more sophisticated over the years, and the use of technology has revolutionized the diamond cutting industry to make new cuts that were impossible only years earlier. There is something intriguing, however, about the older cuts that were highlighted in antique settings and can bring you a piece of history and romance of times gone by. Continue reading »
Nov 05
When buying a diamond, people have numerous things to consider, some more important than others. For instance, the girdle is actually something any person buying a diamond needs to understand. In fact, a girdle is a key element to a diamond so learning about this element is crucial. Additionally, people will hear words such as a “frosty girdle diamond”, which is also something a buyer should know.
The girdle is the outer edge of a diamond. Depending on the cut chosen, the girdle may be extremely easy to see or more difficult. In the case of a round brilliant cut, the frosty girdle diamond or polished diamond would be very visible. The various characteristics of the frosty girdle diamond will have a direct link to the way in which the stone ultimately looks, as do the other finishes. Continue reading »
Oct 20
When the word diamond is mentioned, it brings forth a multitude of images that represent purity and strength which parallels and symbolizes the commitments in which diamonds are given. Besides engagement, diamonds are for the 75th wedding anniversary; a commitment to longstanding love.
In our society of technology, a diamond is an immense and vast representation of the ultimate material of super strength. Diamonds are composed of the mineral carbon; forming into a brilliant, transparent, crystalline substance in the earth’s interior and being the hardest substance in nature. Continue reading »
Oct 07
Have you ever wondered why the diamond is the engagement ring of choice? Where did the idea originate from? Why is the diamond considered the ultimate symbol of love and adoration?For centuries, diamonds have been widely known as the universal symbol of eternal love and commitment. This is mainly due to the fact that diamonds are beautiful, strong, and durable, much like the tradition of a lasting marriage. Continue reading »
Sep 28
In the last few years there have been several celebrities that have chosen vintage diamond engagement rings and many of them have been Victorian inspired. As a result, Victorian engagement rings are once again becoming popular among others as well.One particular style of engagement ring that is experiencing a resurgence is the toi et moi ring or the ‘you and me’ ring. This French style ring was once very popular during the 19th century and today they have become popular again. The resurgence in popularity began after Sandra Bullock was presented with a ‘you and me’ ring by Jesse James in 2005. Sandra’s ring was a platinum band featuring two octagonal diamonds. Continue reading »
Sep 16
Diamonds are subjected to all sorts of treatments in order to enhance their beauty. Popular treatments include high pressure/high temperature treatments as well as coatings. These treatments can give the diamond a slightly different color and hide imperfections on the surface and within the diamond itself. While that’s a plus for people looking to buy less-than-perfect diamond jewelry to save money, it’s a bit of a dilemma for jewelers who are trying to determine the natural grading of a diamond. If it has been treated, it is generally worth less than a natural, untreated, diamond of the same visual quality. Knowing how to quickly and accurately test diamonds for coatings can keep a jeweler and you from paying too much for a treated stone. Continue reading »
Sep 15
It’s a fascinating story filled with drama, intrigue, plot twists, and gorgeous actresses. No, this isn’t a movie review: it’s the story of how diamonds came to be seen as indispensable to romance.Hollywood is the birthplace of the wonderful idea that a diamond engagement ring should be presented as a surprise gift to a woman when her now-fiancé proposes. This fun idea has led to many a jaw-drop for women! The romantic allure of planning for the perfect proposal comes straight out of an old movie.
Continue reading »
Sep 07
Diamonds are formed under great pressure 120 miles below ground level. It can take millions of years to form these bits of carbon into the almost indestructible diamonds they become. They lie there deep inside the earth until something brings them to the surface in one giant leap.Volcanoes bring the stones to the surface, where they’re mixed with sand and gravel. The process of being brought to the surface by volcanoes preserves the diamond’s crystal lattice structure. Diamond miners scoop large quantities of this valuable gravel out of hillsides and start the sorting process. Alluvial diamonds have washed out of the hillsides naturally and found their way to riverbeds and coastlines.
Colored stones are incredibly rare. For instance, one mine produces 35 million carats of rough diamonds a year, and only four or five stones of the rarest colors are produced from that harvest. A two-carat pink diamond could be worth up to a million dollars in today’s market, so diamond miners and diamond stone polishers are always on the lookout for those masterpieces. Continue reading »