An exceptionally rare, clear diamond "the size of a lollipop" is being offered without reserve at auction by Sotheby's. According to the auction house, an item of this historic importance and value has never been offered with no-reserve before.
Professional insight and education from from IGI Worldwide
The last two 100+ carat diamonds, unearthed over a span of 48 hours, are the 10th and 11th gem-quality stones weighing more than 100 carats found at Letšeng this year. At an elevation of more than 10,000 feet, the world's highest diamond mine also boasts the world's highest value-per-carat.
The Argyle Diamond Mine in the remote east Kimberley region of Western Australia is scheduled to close by the end of 2020 following nearly forty years of production. "One Lifetime, One Encounter" is an auction event, offering a collection of the rarest diamonds extracted there over a year's production.
Hearts & Arrows (H&A) diamonds are precisely cut to show kaleidoscopic patterns when seen in a special reflective viewer. Typically associated with Excellent-Ideal cuts of superior quality, fashioning the highest levels of H&A optical precision when working with the world's hardest substance is an exacting process.
This 10+ carat HPHT produced lab-grown diamond was initially graded Fancy Intense Yellow by IGI. When it returned to the lab its color had been changed to Fancy Vivid Pink. IGI confirmed that the color had been shifted from yellow to pink through irradiation using a 5MeV Electron Beam Transfer system.
Tiffany & Co. has announced a program detailing the provenance of the diamonds they sell, beginning with country and mine of origin. The New-York based jeweler plans to share this "Full Craftsmanship Journey" for every newly-sourced diamond of 0.18 carats or more.