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The Letseng mine in the small Kingdom of Lesotho, South Africa has just uncovered another massive diamond rough: a 198-carat stone, roughly the size of a large letseng 198 caratstrawberry.

A diamond over 100 carats is rare enough – with only about 10 to 15 found each year worldwide – but a rough that is nearly 200 carats is an exceedingly rare find. A stone of this size is expected to yield a polished diamond around 100 carats, or half the weight of the rough it originated from.

Even though the stone’s size is impressive, it is not even close to being the largest ever uncovered from the Letseng mine. In fact, the Letseng mine is well-known for churning out large, quality rough over the years, and has the highest price per carat production of all the mines in the world. Some of the largest include the Letseng mineLesotho Promise, the 15th largest diamond in the world at 603 carats; the Letseng Legacy at 493 carats, and the Leseli La Letseng at 478 carats which are 18th and 20th largest respectively.

What makes this rough even more valuable is its’ designation of Type IIa, which constitutes less than 2% of all natural diamonds. Type IIa diamonds have no measurable nitrogen impurities, making them chemically pure. This not only gives them exceptional optical transparency, but also a high likelihood of achieving a colorless (D-E-F) grade and a high clarity grade. Officials from Gem Diamonds Ltd, which own the majority stake in the Letseng mine, confirmed this after inspection of the stone noting it as “an exceptional white, high-quality diamond that displays no fluorescence”.

Martin Potts, a London-based mining analyst has estimated the 198 carat stone to fetch somewhere between $12 to $15 million.

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After one month and 64 soccer matches played, and it is Germany who achieves the coveted title of FIFA 2014 World Champions. Coming into the tournament as #2 ranked in the world, they captured the World Cup Trophy after scoring 1-0 in overtime in the exciting final game with Argentina.jules rimet trophy

The trophy comes as the second redesign in all of FIFA’s history. The original trophy – named the Jules Rimet Cup after the former FIFA president – was a miniature statue of Nike, the Greek goddess of victory. The body was forged in sterling silver and plated over in pure 24K gold, which stood on a base of carved blue lapis lazuli. FIFA regulations at that time stipulated that any country that wins three times would be awarded the Cup permanently; just that happened in 1970, the year that Brazil won their 3rd championship and took the cup home. Unfortunately, in 1983 the cup was stolen in Rio de Janeiro and has never been seen again.

The current trophy has thus been used since 1974, but no longer carries the possibility of being owned by any one country as it remains the permanent possession of FIFA.

fifa trophySilvio Gazzaniga, the Italian creator of the current trophy, describes the depiction as thus: “The lines spring out from the base, rising in spirals, stretching out to receive the world. From the remarkable dynamic tensions of the compact body of the sculpture rise the figures of two athletes at the stirring moment of victory.”

According to FIFA’s official website, the trophy stands at over 36cm tall and made of a whopping 6.175kg of 18 karat yellow gold, which is worth approximately $175,000. The German team will be taking home a gold-plated replica of the trophy, while the actual trophy will remain at FIFA headquarters to only be used at the official ceremonies.

 

 

 

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christies green diamond

christies green diamond

A 6.13-carat fancy intense green diamond set a new per-carat record when it sold at Christie’s on May 27 for a whopping $3.6 million, or $594,510 per carat. The square cushion cut diamond is the center of a rose gold halo style ring, accentuated by natural pink diamonds.

Next to red, green is the rarest of colors found in natural diamonds. For most colored diamonds, the color comes from trace amounts of mineral impurities or extreme pressure conditions while the diamond was forming. The tight chemical structure makes it very difficult for any impurities to enter, which is why colored diamonds are exceedingly rare. Small amounts of boron in the crystal lattice structure of a diamond, for example, will impart a blue hue; same goes with nitrogen for yellow, and hydrogen for violet. What gives a diamond a green hue however, is the presence of natural radiation over millions of years. Because the radiation exposure is an external force rather than internal force (such as mineral impurities and lattice defects), it acts on the surface only. As a result, green diamonds are not green all the way through; the color is concentrated on the outer layers and tends to be weakly saturated. That is why a fancy intense green diamond, especially one of a size like this one, is almost a once-in-a-lifetime find.

This spectacular diamond joins the ranks of other recently sold, record-breaking gems at Christie’s. At their Geneva auction just last month, there were three record-breakers alone. They include ‘The Blue’, a fancy vivid blue pear shaped diamond weighing over 13 carats, a 76.5 carat light pink square-cut diamond that sold for $10.2 million, and the ‘Ocean Dream’ – a 5.5 carat, vivid blue-green diamond that went for $8.8million.

 

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jennymcJenny McCarthy is definitely not one to shy away from media! She shocked over 3 million viewers last Wednesday on live television via her morning talk show, The View by showing off a huge yellow sapphire and diamond ring and announcing her recent engagement to singer Donnie Wahlberg.

The former model, actress, one-time author and current co-host of The View was immeasurably ecstatic, jumping up and hugging co-hosts Barbara Walters and Sherri Shepherd. A slideshow of pictures of the happy couple played across the screen as Wahlberg made a surprise appearance from backstage, coming up to hug his sweetheart.

McCarthy’s bubbly and vivacious personality seems to match her engagement ring perfectly: a square brilliant cut yellow sapphire, surrounded by a halo of white diamonds set in a split shank pave white gold band. Known to be a spiritual person, she may have chosen a bright yellow stone to elicit inspiration, creativity, and optimism.jennymc

The actress and TV personality describes how Wahlberg had enlisted the help of her 11-year-old son, Evan, with the proposal. While sitting on the couch at their shared home, Evan brought out a card that said “Will” and handed it to her. He walked back into the other room, coming back with “You”. He returned a third time with a card meant to say “Marry” but spelled “Mary”. McCarthy was in laughter and tears before Donnie came out the last time, wearing a shirt imprinted, “Me?” and got down on one knee.

“Of course, I said ‘Yes,'” she related. “In that moment Evan yelled, ‘I have another dad!’ and it made all of us cry.”

McCarthy began dating the New Kids on The Block singer in May of last year. The pair plan to tie the knot sometime in August 2015.

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wreathWe’ve seen many seemingly ordinary items bedazzled into creations of jewelry art: diamond studded shoes by Stuart Weitzman, Victoria’s Secret Fantasy Bras, and even Lady Gaga’s golden wheelchair chariot… but this is the first time expensive jewels are combined with Finnish flora to create a Christmas wreath.

Created by floral designer Pasi Jokinen-Carter, it takes the place as the most expensive wreath ever designed. With 32 diamonds and 16 rubies totalling 138 carats, the creation is priced at $4.6 million. Resting among the elaborate and rare greenery that includes Helleborus flower buds, hand-curled eucalyptus leaves, and blue Hedera berries, the gems add an unmistakable luxurious touch without overwhelming – they create a nice visual contrast with a little pop of color. Twenty-two loose round brilliant hellediamonds are nestled in the petals of one of the Helleborus flowers, and another cradles a 3.03 carat fancy yellow diamond. The largest gem in the wreath is a 17.49 carat ruby.

“I am passionate about my craft and this recent invitation to create an exclusive wreath, using natural materials and diamonds, has been an exciting and exceptional project,” says Jokinen-Carter. The wreath takes about a week to create, with most of the greenery and flowers sourced from his own backyard. All of the gems can be easily dismantled after the holidays, where they may find new (more permanent!) homes in jewelry pieces.

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CitrineWith its range in color from sunny yellow to bronze deep orange hues, what better stone to represent the falling leaves of autumn than citrine? One of the official birthstones of November, citrine is a member of the mineral family quartz.

Currently the world’s largest faceted citrine resides in the “Special Exhibit Gems” of the Art Natura museum in Spain, a natural science museum that is home to an extensive collection of colored gemstones. Known as “The Malaga” in tribute of its host city, this oval shaped gem is an enormous 20,200 carats – equivalent to 4 kilos! It neighbors another gemstone of gigantic proportions: the “Eldorado”, a 31,000 carat imperial topaz which also happens to be the other birthstone of November.

Despite its size, “Malaga” has very minor imperfections and is considered nearly flawless. Along with its exceptional color, even distribution, transparency and purity, “Malaga” is truly a world-class gem. Citrine crystals that are found usually measure only a few cm across, and the ones that are larger in size generally lack in quality and are used for decorative purposes rather than jewelry.

The rough that formed “Malaga” was originally discovered in 1990 in Brazil. Due to the complications of the process of cutting and polishing a stone this large, the rough was left untouched for nearly two decades until 2009 when a team of gem cutters took on the challenge. With all of the special considerations needed for a stone of this size, it took over a year to bring to its polished form.

Brazil is the largest producer of the world’s supply of citrines; other important sources include Bolivia, United States, and Madagascar.

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Read Part 1: Can Diamonds be Chipped?  and Part 2: Tips to Prevent Damaging Diamonds

Accidents happen. It’s hard not to get upset when your diamond gets chipped, but understand that it’s not uncommon. It is part of the risk you take when wearing jewelry; although diamonds sustain less damage in everyday wear and tear than other gemstones, they are not indestructible.

First of all, you need to evaluate the chip(s) in your diamond. How big is it relative to your diamond? Is it instantly noticeable? Is it something you can live with? Keep these questions in mind when you bring your diamond ring to a specialist for an in-depth appraisal. A Graduate Gemologist and/or certified Appraiser will be able to assess the chip(s) effect on the diamond’s structural integrity, value, and can suggest viable options based on their evaluation.

If the chip is small and lies on the girdle edge, you may be able to reset the diamond with metal covering the area of the chip. The purpose of this is two –fold: the metal will act as a barrier to protect the chip from further stress which can lead to more extensive damage, and it will also hide the chip from view. Styles such as Bezel, Half-Bezel, Bypass, or even the addition of new prongs can achieve this effect.

Another option may be to recut the diamond. This option should be considered if your stone is of high monetary or sentimental value, as the process is quite costly. Not all diamonds are good candidates for a recut however. If the stone has chips in multiple places and/or the chip is large, it may not even be considered for a recut. Similarly, a stone would not be recut if its internal inclusions pose a significant damage risk during the process. This is a very specialized area of jewelry repair that needs to be done by a diamond cutter with great care. Talk with your jeweler to see if this would be possible for your stone.

If all else fails, you may consider replacing the diamond. Depending on your insurance policy or jeweler trade-up policy, this can also be a cost-effective option.

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DiamondThe most flawless, biggest briolette ever to surface at auction weighing at a stunning 75.36ct broke records! This diamond was sold for a world record at $11,145,734 from an anonymous buyer at Christie’s Hong Kong’s Magnificent Jewels sale. This pendant necklace was originally valued at a pre-sale low estimate of $8.5 million, which it easily surpassed.  It did fall short of its high pre-sale estimate of $12.5 million.

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The briolette is a traditional cut popular in the Victorian times but has recently become more popular in precious and semi-precious stones. It is a stone cut into a three-dimensional waterdrop shape.  Its elegant pear shape with cut facets dangles below a marquise-cut purplish-pink diamond. Adorned with stations of smaller briolettes with 18 karat white and rose gold adjustable neck chain, this piece is a classy stunner!

An auction spokesperson said the diamond was “perfect,” and had the proof of an assessment with the Gemological Institute of America. The GIA rated the stone Type IIa, which is the top quality grade.  The diamond is similar to the British Queen Elizabeth’s one she has set in her crown. Christie’s jewellery specialist, Chiang Shui-Fung, says the diamond is extremely rare.

The briolette is special because they have to find a piece rough and big enough to cut into that style. The diamond came to an American dealership named William Goldberg, as a 160.5- carat rough weight and had to be shaped into the now 75.51 carat diamond. To achieve this brilliant rare cut William Goldberg had to sacrifice more than half the stone’s weight in the meticulous cutting process. The diamond is now a stunning piece and will be remembered as a historical record breaking event.

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Red DiamondsThe Australian Argyle Diamond Mine will feature three ultra-rare red diamonds in the upcoming Pink Diamond Tender. This is the most it has featured in 30 years.  They began mining in 1983 and only six diamonds have come out of the mine as certified Fancy Red by the Gemological Institute of America. This is a very notable time for red diamonds.

Also for the first time in eight years it will feature a diamond bigger than 3 cts: a 3.02 ct. fancy pink radiant going by the name of “Argyle Imperial.” There is another weighing at 1.56-carat which is round fancy red called the “Argyle Phoenix.”

Josephine Johnson Argyle Pink Diamonds Manager had this to say about it. “Since mining began in 1983 only six diamonds certified as fancy red by the Gemological Institute of America have been presented for sale at the annual tender. To have three of these rare red diamonds in one tender is a very special moment in time.” They will be presented for sale at the annual tender. The diamonds will have their world debut first in Sydney. Then tender viewing will take place in Hong Kong, Perth, and previews in Tokyo and New York with bidding closing in October. All vividly naturally coloured diamonds are expensive but red diamonds are so rare that many think their price might double in the next couple of years.

The Argyle mine produces the world’s entire supply of pink diamonds with the red seen as the top pinnacle of the colour scale. Japan is the largest consumer of pink diamonds since the cherry blossom tree inhabits the land there the shade of pink is highly favorable to them.Argyle Pink

Fancy red diamonds are the rarest naturally coloured diamonds. Very few diamonds receive a grade of fancy red. This grade of fancy red means that the diamond is pure red and has no modifying colour.  No one really knows how the diamond gets to be this colour. It is thought that it gets its colour from a molecular structure distortion as the jewel journeys up from the crusts earth to the surface.  Another thought is that the diamond could get its colour from nitrogen atoms. Diamonds are made up of carbon atoms bonded together, sometimes there are gaps within these atoms and scientists think that the gaps and nitrogen cause the red colour. They are shaped by millions of years of crystallization. Either way the natural colour of a fancy red is unmistakable and breath taking. Diamonds come in different colours including, champagne, yellow, pink, red and purple.  Natural and treated colour diamonds are two completely different markets.

Check out a local jewellery boutique store for more information and to view some different coloured diamonds in a variety of shape and cut. If you are looking for that perfect custom diamond to add to an engagement ring its best to shop at a local jewellery store where they have trusted customer service and can help you find the exact unique coloured stone that’s right for you.

 

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