Lucara Sells Its 813 Carat Diamond for US$63 Million, the Highest Price Ever Achieved for the Sale of a Rough Diamond.
Lucara Sells Its 813 Carat Diamond for US$63 Million, the Highest Price Ever Achieved for the Sale of a Rough Diamond.
Lucara, is pleased to announce that the exceptional 812.77 carat, Type IIa diamond recovered from the Karowe mine in Botswana in November 2015, has been sold for US$63,111,111 (US$77,649 per carat).
As part of the sale, Lucara has partnered with Nemesis International DMCC, and retains a 10% interest in the net profit received from the sale of the resultant polished diamonds.
The 813 carat diamond has been named, “The Constellation”, in collaboration with our partner. Lucara is a well-positioned diamond producer.
The Company’s main producing asset is the 100% owned Karowe Mine in Botswana.
De Beers which produces thirty percent of world rough diamonds has cut prices by 10 percent for the sight.
This comes after two reductions in its annual production output by 15 percent failed to slow slump in prices of rough.
Rough diamond prices have dropped 14 percent in some categories and are in their fifth consecutive quarterly loss, which is the longest in a decade.
De Beers cut the size of the sight to $250 million and reduced the prices by 9 percent, according to sight holders.
De Beers has also contributed tens of millions to a jewellery advertising campaign. Its advertising campaign will promote diamond jewellery in the U.S. and to Chinese consumers.
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The DCLA valuation will guarantee the diamond replaced with the prefect like for like stone.
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Orange / yellow Orange one of the rarest colours found in natural diamond.
In 2014 a spectacular orange fancy vivid pear shape diamond mined in South Africa, weighing 14.82 carats was auctioned for a record price of $2.39 million per carat or $35.54m for the diamond. Setting a new record price per carat for any fancy colour.
The 1.03 ct Intense Fancy yellow Orange Round brilliant is made rarer because of the combination of the size, shape, colour and clarity.
The Diamond Watch that effortlessly turns into an exquisite ring
Created by Graff Diamonds a London based jewellers founded in 1960.
Fascination is a diamond encrusted masterpiece piece which features a 38.13 ct pear shaped diamond which can be worn as a ring or inserted into a diamond encrusted watch bracelet with 152.96 cts of white diamonds.
Graff uses only the very finest diamonds, resulting in the creation of the most fabulous jewels in the world.
The Fascination will be on show at the BaselWorld watch fair in Switzerland, which begins tomorrow.
Causes of colour in heat treated brown diamonds and synthetic brown diamonds are similar to treated pink diamonds.
In natural diamond the colour is related to a lattice imperfection. This can be mimicked in synthetic or treated diamond by a variety of treatments including annealing, heating or irradiating. The heat and pressure or irradiation can result in the lattice deviation resulting in the brown or pink colour.
Synthetic brown diamond is created by compressing graphite under extreme pressure and heat to above 1500 Celsius. The treatments were perfected in several laboratories in Russia, United States and China.
Lazare Kaplan Internationals Belgium subsidiary Pegasus Overseas Ltd marketed the General Electric processed diamonds under the name GE POL or in the USA as Bellataire.
This led to a technique for creating, or treating brown diamonds into higher valued colours like yellow or colourless diamond.
The disclosure of the treatment is noted by the “GEPOL” inscribed on the girdles of every treated diamond.
Brown diamonds are often marketed with expensive sounding names like Cognac, Champagne or Chocolate diamonds. Natural brown diamonds are a cheap alternative to more expensive colours.
Recently there has been a lot of controversy in the diamond and jewellery trade regarding over graded diamonds. This led to one laboratory being banned from listing on Rapaport. Video
If you have any concerns about your diamond DCLA Laboratory will check it for you FREE of charge.
Mark Gershburg CEO of GSI said that after decades of just mining rough diamonds. Botswana capital Gaborone now cuts, polishes and sells diamonds.
This has created demand for gemmological laboratories. Therefore Gemological Science International has now opened a laboratory in Botswana’s trading centre.
Twelve Indian diamond companies including Kiran Gems, Asian Star and Rosy Blue India, have signed three year contracts with ALROSA at the World Diamond Conference,
Each of the companies signed separate contracts with ALROSA and will buy rough diamonds worth USD 2.1 billion or about USD 700 million per year for a period of three years. This will assist the companies save considerable amount of commissions.
