Thursday, September 13, 2007

Acclaimed Pink Diamond... Who Will Be The Highest Bidder?

Diagem, Inc., a Canadian exploration mining company, obtained the currently famous "Pink Diamond" last March. This stone, weighing 9.34 carats, was purchased for the price of $ 445,000 from an artisan miner in Brazil who had mining permit in Diagem's property 370/98. Since then, Diagem sent the stone to Natural Diamond in Antwerp, Belgium to have the stone evaluated, cut, and polished. Last September 11, they announced that the heart-shaped, pink diamond (with some shade of tangerine) at 3.13 carats, is almost finished with the processing.

A diamond trader from the United Arab Emirates also analyzed the diamond and said that aside from it's rarity, it also has an evenly distributed intense pink color, very small inclusions, and with no internal defects. Auction houses have been very interested in adding this diamond to their next auctions, more likely on the auction before Valentine's Day. Proceeds of the sale will be used to fund Diagem's diamond exploration and development projects.
-- Source : Rapaport

The procuring of this precious pink diamond is a significant evidence of the quality of the diamonds originating from Chapada, a flat-topped upland found in the Brazilian Highlands, where the kimberlite pipes cluster are found. Note: Kimberlite is a type of rock best known for sometimes containing diamonds. It is named after the town of Kimberley in South Africa, where the finding of a large kimberlite pipe in the 1870s spawned a diamond rush.
-- Source: Wikipedia, the free encyclopedia.

As February, the expected time of the auction comes close, its value is most likely to increase when they discover more rare and distinct characteristics of the pink diamond as they are still in process of evaluation and polishing to this date. It looks like Diagem, in this possession of the one-of-a-kind diamond, succeeded in their pursuit of setting forth a new variety of diamondiferous deposit which will bring a cutting edge addition to the diamond market. Thus, it won't be too long until we see this highly regarded pink diamond available in the market. Let's all wait and see when it will come up in the Jewelry Days Catalog. At the moment, what I am anxious to know is who will eventually win the 3.13 carat heart-shaped pink diamond? Who will be the highest bidder? We will surely keep you posted...

Fancy Colored Diamonds Facts :

-- Fancy colored diamonds come in a variety of natural colors, including yellow, pink, blue, purple, orange, cognac, champagne and red.

-- Only one in every 10,000 diamonds possesses natural color.

-- True red diamonds, the rarest of diamonds, are so scarce, only seven are believed available for sale.

-- Fancy colored diamonds are produced by trace elements and distortions to the diamond crystal.

-- Blue diamonds are often created by the introduction of boron into the diamond. -- The presence of nitrogen produces diamonds in yellow and orange.

-- Hydrogen generates unique shades of violet.

-- Intense pressure, even greater than that for traditional white diamonds, produces diamonds in red, pink, purple and brown.

-- Green, blue, aqua and teal diamonds result from millennia of exposure to natural radiation.

-- The most famous diamond is the 45.52 carat, blue Hope Diamond, housed at the Smithsonian Natural History Museum.

-- Pink diamonds gained national attention when Ben Affleck presented Jennifer Lopez with a 6.1 carat pink diamond ring for their high-profile, but ill-fated, engagement.

--My Life Is Beautiful

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