One of the world's rarest diamonds has sold for a record-breaking $46 million (£29m), the highest price ever paid for a jewel.The 24.78-carat "fancy intense pink" diamond was sold to a well-known British dealer at an auction in Geneva.
Despite global financial worries across the world, many experts believe a rare 24.78 carat pink diamond, being auctioned in Geneva later, could fetch a world record price.It is said to be one of the most important gemstones to ever be sold at auction.
The Wittelsbach-Graff Diamond is a 31.06 carats (6.21 g) Fancy Deep Blue diamond with internally flawless clarity. Lawrence Graff purchased the Wittelsbach Diamond in 2008 for 16.4 million pounds Sterling. In 2010, Graff revealed he had had the diamond cut by three diamond cutters to remove flaws. The diamond was now more than 4 carats (800 mg) lighter and was renamed the Wittelsbach-Graff Diamond.
The theory that later Neanderthals might have been sufficiently advanced to fashion jewellery and tools similar to those of incoming modern humans has suffered a setback. A new radiocarbon dating study, led by Oxford University, has found that an archaeological site that uniquely links Neanderthal remains to sophisticated tools and jewellery may be partially mixed.The study, published in the early online version of the journal PNAS, suggests that the position of key finds in the archaeological layers of the Grotte du Renne at Arcy-sur-Cure in France may not be trustworthy. The research team, from the UK and France, dated material from the site and discovered their radiocarbon ages were extremely variable and did not correspond with the expected sequence indicated by the excavated archaeological layers. The Grotte du Renne has 15 archaeological layers, covering a depth of about four metres spanning periods from the Mousterian to the Gravettian periods.
A major gems company has reiterated a trade ban on all diamonds from Zimbabwe's Marange fields despite an official sale last week.The Rapaport Group said it would expel members of its global Rapnet diamond trading network if they sold them.
Sparkling gems covered the tables at the Sudbury Gem & Mineral show this weekend, but attendance was down from last year.Show chairman Ed Debicki said the weather was probably a factor because many are at camp enjoying the heat. The Dragon Boat Festival on Saturday may have also taken away from attendance, he said.Nonetheless, the show was busy Saturday afternoon and everyone seemed to be enjoying themselves, said Debicki. The 22 dealers selling artistic gems, minerals and jewelry had no trouble making sales.
An emerald brooch owned by Catherine the Great of Russia and a diamond ring that once belonged to former Philippine first lady Imelda Marcos are headlining a jewellery sale Thursday that Christie's expects will attract strong Asian buyer interest.
Sotheby's New York Magnificent Jewels sale, which was held April 20, 2010, totalled $34,662,338, sold 84 percent by lot, and featured a number of rare diamonds. Sothebys combined sales of Magnificent Jewels and Always in Style, a one-owner jewellery collection, achieved $39,608,676.
Petra Diamonds Limited is pleased to announce that the 507 carat Cullinan Heritage has today been sold for US$35.3 million, the highest sale price on record ever achieved for a rough diamond.The diamond was sold on tender in South Africa and was purchased by Chow Tai Fook Jewellery Company Limited, Hong Kong. The purchaser has not at this stage advised Petra of their plans for the diamond.
Hong Kongs Chow Tai Fook Jewellery Company bought the Cullinan Heritage stone for $35.3m, Petra Diamonds announced on Friday.Petra recovered the gem, the 19th largest ever found - described as the size of a chicken's egg, from its Cullinan mine near Pretoria in South Africa in September last year.