Two Large Rough Diamonds Found in Lesotho

New York--Two large diamonds have been uncovered in Africa in as many weeks, putting an end to the drought of big diamond finds the industry seems to have been experiencing.
Lesotho diamonds
Gem Diamonds uncovered the 114-carat D color, Type II rough diamond on the left at Letšeng while Firestone Diamonds found the 110-carat light yellow rough diamond at right at its Liqhobong project.

Mining company Gem Diamonds Ltd. announced the recovery of a 114-carat rough diamond from its Letšeng mine in Lesotho on Friday.

The company described it as a D color, Type II diamond of “exceptional quality.”

The Letšeng mine is known for producing large, high-quality white diamonds, selling at an average price of $2,000 per carat, according to Bloomberg, which is the highest in the industry.

It is the deposit responsible for producing the 357-carat chunk of rough that was cut into the 118.78-carat “Graff Venus,” the world’s largest flawless heart-shaped diamond.

Since Gem Diamonds acquired Letšeng in 2006, the mine has produced four of the 20 largest gem-quality white diamonds ever recorded, though last year it only recovered five stones bigger than 100 carats, less than half what it found the year prior.

The news of Gem’s find came on the heels of another big diamond find from a rival miner in Lesotho, a small kingdom within a country that’s located in the southeastern portion of South Africa.

On April 5, Firestone Diamonds said it had unearthed a 110-carat diamond, its biggest discovery so far, at its new mine in Lesotho.

The light yellow stone was discovered at the Liqhobong project, confirming its beliefs that the deposit has the potential for large diamonds, the company said.

Firestone has spent $185 million to build up the mine, which just began production in October.

In addition to its Liqhobong mine in Lesotho, Firestone also owns and operates the BK11 kimberlite mine in northern Botswana.

via www.nationaljeweler.com


The Pink Star’ Sells for $71M at Sotheby’s

Hong Kong--The 59.60-carat ‘Pink Star’ diamond has, once again, become the most expensive jewel ever sold at auction, and maybe this time it will stick.

Pink-Star-1The Pink Star is a 59.60-carat oval mixed-cut Type IIa pink diamond and is the largest internally flawless fancy vivid pink diamond the Gemological Institute of America has ever graded. The diamond came from a 132.5-carat piece of rough mined by De Beers in Africa in 1999 and was cut and polished over a two-year period.

Chow Tai Fook paid $71.2 million for the stone on Tuesday at Sotheby’s Magnificent Jewels and Jadeite sale in Hong Kong. The Hong Kong-based retailer and manufacturer edged out two other buyers to snag the stone, Sotheby’s said.

Sotheby’s experts had estimated before the sale that The Pink Star would sell for more than $60 million.

It set a new world record price for any jewel sold at auction, surpassing the rectangular-cut, 14.62-carat “Oppenheimer Blue,” which sold for $57.5 million at Christie’s Geneva last May.

This isn’t the first time The Pink Star has found a buyer at auction, though the first sale fell through.

The nearly 60-carat pink stone went up for auction in November 2013 at Sotheby’s Geneva, where four different bidders competed for it. New York diamond cutter Isaac Wolf placed the winning bid of $83 million, which, at the time, marked a new auction record for any jewel ever sold at auction.

In February 2014, though, Wolf defaulted on the payment for the diamond he had named “The Pink Dream” and as a result, Sotheby’s had to take the stone back into its inventory because it had been sold under an auction guarantee.

Last summer, the auction house formed a partnership with Diacore and Mellen Inc. to acquire an ownership interest in the diamond, meaning that when the stone sold, proceeds would be split among the three companies per their ownership percentage.


887 Carat Emerald Goes Up for Auction | JCK

Also for sale at Guernsey’s: 17 emeralds from a famed Spanish shipwreck

887 carat la Gloria EmeraldThe la Gloria, an 887 ct. “museum-quality” stone believed to be the largest rough emerald in the United States, is among the rare emeralds going up for sale by Guernsey’s at an Apr. 25 auction run in New York City.

That golf ball–size stone, along with 17 emeralds discovered from the wreck of Spanish galleon Nuestra Señora de Atocha, all come from the collection of noted emerald authority Marcial de Gomar.

“It’s very rare for an auction to spotlight emeralds,” says Arlan Ettinger, founder and president of Guernsey’s. “We feel this will be an extraordinary event.”

The la Gloria hails from the Muzo mine in Colombia, known for producing large emeralds. It’s sat in de Gomar’s collection for many years, and this is its first time on the market. And while the collector feels it could produce a 400 ct. polished stone, he has always believed it shouldn’t be cut.

“[There’s a] little piece of calcite on the end [that] is a tip to its provenance,” de Gomar says. “It tells you what country it comes from, what mine it comes from. All that is very significant. I wouldn’t want it to be cut. I’d like for it to be kept as is. It should be in a state museum somewhere.”

The stone is named for a now-deceased attorney that represented de Gomar in litigation over the Atocha.

Xcorona-de-muzoThe 17 gemstones from the Atocha include the Corona de Muzo (below), which features a 24.34 ct. emerald cut; the Reina del Mar, a 4.39 ct. round; and a 26.72 ct. piece of rough. All those stones are believed to have come from Muzo as well.

The Atocha sank in 1622, off the coast of Florida while bound for Spain. In the 1980s, treasure hunter Mel Fisher discovered portions of the wreckage, setting off an epic legal battle with the state of Florida.

Ettinger says most of the items will be sold without reserve (though not la Gloria). “That makes it more exciting,” he says.

The auction house is still working on an estimate for the headline stone but expects it to fetch “many millions.”

via www.jckonline.com


Diamond Earrings for Valentines or Your Special Anniversary

RB 2.24 tcw-3If you are looking for an exceptional gift for Valentine’s Day or a Special Anniversary, consider diamond earrings.  We find that our clients who have round diamond stud earrings wear them every day as they look great in the office, at a party, shopping and running errands, or when wearing jeans at home.

 

RB 2.11 tcw 3-prong-2The secret to beautiful diamond earrings is to get diamonds with the best cut possible to maximize their brilliance, fire and sparkle.  We seek round GIA graded diamonds with Excellent GIA cut grade and Excellent HCA (Holloway Cut Advisor) ratings to provide dazzling diamonds seldom every seen in a jewelry store.

 

To keep the focus on the diamond we recommend three-prong “Martini (cocktail) style” mountings and for security we recommend Versa posts and Guardian™ clutch backs.  Most lost earrings are due to faulty friction or screw backs so the clutch style of backs is superior.

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Beautiful Asscher Cut Diamond Ring Added to Special Offers

AS 1.51 ct 0.28 AD-18We have added this beautiful Asscher cut diamond ring to our list of special offers.

Diamond Ring with a 1.51-carat square emerald (Asscher) cut diamond graded E color, VS2 clarity, depth 69.7%, table 57%, Excellent polish, Excellent symmetry, No fluorescence, measuring 6.45 x 6.21 x 4.33 mm with a ratio of 1.03 (ref: GIA 16938804, dated 03/31/2008) set in a split-prong custom platinum mounting (Stamped “PLAT”) with a total of 18 pave-set round diamonds (0.28 total carat weight) going half way down the top of the 2.1 mm wide shank.

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At Arkansas' Crater of Diamonds State Park, dad and daughter find 2.03 carat diamond - CNN.com

There are those who go to the Crater of Diamonds State Park, armed with shovels and buckets and kneepads and maps to spend the day meticulously digging for diamonds.
Father-and-daughter-find-large-diamond-split-exlarge-169
 
And then there's Dan Frederick and his daughter Lauren, who less than an hour after setting foot in the park for the first time, found a 2.03 carat diamond just lying there, staring back at them.
 
Father-and-daughter-find-large-diamond-medium-plus-169The state park in Arkansas is the only diamond-producing site in the world where anyone can come look for the gems -- and keep whatever they spot.
 
But the Frederick find is pretty unusual.  For one thing, the diamonds are spread out over 37.5 acres of the park. The Fredericks found theirs last week just three feet in front of them.

"Dan Frederick has proven, once again, that it is possible to find large, beautiful diamonds while surface searching. This is an example of a diamond that all park visitors dream of taking home," said Park official Betty Coors.
 
The diamond is pearly white in color and shaped like a triangle. The Fredericks decided to name it "Lucky Diamond."   Exactly how much the diamond is worth depends on its clarity, cut, color and carat (the four 4Cs), but it's a safe bet it's worth much, much more than the $16 the Fredericks spent on admission.
 

 


Breathtaking Diamond Necklaces

DSCN4660smFor that special birthday or anniversary, a diamond necklace can be a breathtaking gift.

 

The classic graduated necklace can be custom made to your desired length and with the total carat weight and quality of diamonds to meet your requirements and budget.

 

DSCN4672smThe necklace has small diamonds starting in the back that get larger as they pass the neck and have the largest diamonds at the very front.

 

DSCN4675smA side push-button clasp with side-clasp security feature ensures the necklace stays on the neck.

 

If a diamond necklace is on your wish list, give us a call at 888-477-8385 and tell us what you want.  We can provide recommendations for the necklace that meets your requirements and budget.

 

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Gorgeous Diamond Bracelets

DSCN6023smIf a diamond bracelet is on your wish list, we would be happy to custom make the style and quality you want.  The secret to a durable and beautiful bracelet is to start with quality workmanship in the mounting and clasp and then add diamonds with exceptional cut parameters to optimize brightness, fire and sparkle. 

DSCN4645smThe classic diamond tennis bracelet comes in many styles and can be custom made to different lengths, total carat weight, and quality of diamonds.  If you tell us what style you want and your budget, we can recommend options that best meet your requirements.
 
Bracelet RB  3.90 tcw BA-3smIf you are wanting something different than the classic diamond tennis bracelet, we can provide a variety of different styles that are beautiful and unique.
 
BezAmbar7.55-2smDo not think you must settle for the low quality (probably made in China) but expensive bracelets you see in jewelry stores.  You can have a bracelet with exceptional workmanship and quality diamonds that are sure to become family heirlooms for generations to come.
 
Give us a call today at 888-477-8385 and tell us what type of diamond bracelet you want.
 

Beautiful Round Diamond Earrings

RB 2.24 tcw-3smWe provide stunning round diamond earrings because we sell GIA graded diamonds with Excellent GIA cut grade.  It is the brilliance, fire and sparkle of diamond earrings that produces their beauty and sets them apart from the low quality, poorly cut diamond typically sold in jewelry stores.

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If you are thinking of shopping for diamond earrings, give us a call and we will find the best diamonds meeting your budget or carat weight requirements.

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Inside Russia’s Diamond Mines

 

Mirny diamond mineIn the far north-east of Russia, a whole town of people dedicates their working lives to finding diamonds. Russia is the world's largest producer of diamonds by volume and Mirny is its ‘diamond capital'. 

Mirny is so remote that the people here refer to the rest of Russia as ‘the mainland.'

Located in Russia's far northeast, 4,000 km from Moscow, the main route in and out is via aircraft. In winter, when temperatures can drop to below -50 degrees centigrade, ice roads appear allowing supplies to be brought in overland. 

The town itself is built around a giant hole in the ground. It is probably Mirny's most distinguishing feature. Diamonds were discovered here in the 1950s and as the diamond mine grew, so did the town around it. The city has primarily been financed from the proceeds of the quarry - which grew to be 1.2km wide and 525m deep.

It is a remote, inhospitable place. Until June this year there was still snow on the ground. "In Mirny, for ten months of the year, it is winter."

The attraction here is definitely not the climate or the location, but the higher wages which attract people from other Russian regions and former Soviet states.

Click here to read the entire article with photos and video of life at Russia's diamond mines.