Queen of Color Diamonds

Where fascination and education about Natural Fancy Colored Diamonds meet

Month: February, 2014

29.62 Carat Blue Rough Fetches $25,555,555

In January 2014 an extraordinary piece of blue rough was recovered at the Cullinan mine in South Africa weighing in at 29.62 carats. The company reported that “this stone is one of the most exceptional stones recovered at Cullinan during Petra’s operation of the mine,” adding that “the stone is an outstanding vivid blue with extraordinary saturation, tone and clarity, and has the potential to yield a polished stone of great value and importance.

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Well a month later Petra Diamonds Limited (owner of the Cullinan) sold this phenomenal blue rough to US Luxury Jeweller Cora International NY for $25,555,555 in what was deemed a highly competitive bidding process.

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In a statement made by Petra Diamonds Chief Executive Johan Dippenaar “This sale result affirms this stone as one of the most important blue diamonds ever recovered. An additional allure is the diamond’s heritage from the Cullinan mine in South Africa, which is well known as the source of many of the world’s most spectacular diamonds, including the two main diamonds in the British Crown Jewels, and which is the world’s most important source of very rare blue diamonds.”

This certainly marks another significant milestone for Petra Diamonds. In 2013, Petra unearthed a 25.5 carat blue diamond which ended up selling for $16.9 million.

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Queen of Color Diamonds Article Featured in Magazine

Awhile ago I was asked to write a piece about natural fancy color diamonds in terms of investment. Well I’m happy to say the article got picked up in Jewish Review entitled “Fancy Colour Diamonds: The smart investor’s best kept secret!”

jewish review article

To read the article click here.

Yellow Diamond Engagement Ring Spotted in The Wolf of Wallstreet

I finally got around to watching The Wolf of Wallstreet and I have to say, it was great.  Fantastic acting, fantastic costumes and of course a great storyline based on the true story of Jordan Belfort played by Leonardo DiCaprio showcasing his rise and fall on Wallstreet.

Amidst a world of obscene wealth, and debauchery we see Belfort proposing to then girlfriend Naomi with a rather large yellow diamond ring.  My guess was a 5 carat vivid.  The actual ring was a 7 carat yellow set in platinum… what else but the best.  Definitely looks to be a vivid yellow but I can’t say for certain. Of course I had to get the details and found an excerpt from Belfort’s book where he writes…

“I woke up to the angry yet gorgeous face of my second wife, Nadine. In her right hand was an empty twelve-ounce water glass; in her left hand was her own balled-up fist, punctuated by a seven-carat, yellow canary diamond in a platinum setting. She was less than five feet away, rocking back and forth on the balls of her feet, like a prizefighter. I made a quick mental note to watch out for the ring.”

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The ring in the context of Belfort’s life makes total sense.  It’s not often that a ring of this calibre stands out so prominently in a movie. It’s unusual indeed.  However, when you have this much money, you can afford the very best and it just goes to show that in the 1980’s when natural fancy color diamonds were relatively unheard of only the very wealthy would know about them and buy something so luxurious.