Rare Red Diamond Gets a Second Life
1/7/2010 4:08:03 AM David Berkovits
National Jeweler reports that a fancy 1.77 carat purple-pink diamond has been “reborn” since it failed to sell in Rio Tinto’s 2008 Argyle Pink Diamond bid. The diamond has become a 1.61 carat, radiant-cut, fancy purple-red stone after it was purchased by Scarselli Diamonds of New York.
Argyle pink diamonds – mined form the famous Argyle mine in Australia – have a reputation for being difficult to cut. Scarselli Diamonds decided to take a risk and hand the gem over to gemologist Joshua Sheby. Sheby transformed the diamond into a new design worth an estimated $2 million, which has rekindles the industry’s interest in the stone.
“It was a just a matter of readjusting some of the angles...and bringing out that red component,” Sheby explained to the National Jeweler.
Arglye Pink Diamonds issued a letter of rarity for the newly christened diamond, stating it bears the rare distinction of only being the second diamond larger than 1.5 carats granted the GIA’s “fancy purplish red” grading. The stone has been named “The Kimberly Red.”
The future of The Kimberly Red is unclear at the present time. Although it may be sold at auction, its value makes it an ideal candidate for museum purchase.
Related Articles:Christies Auctions Yellow Diamond for $6.6 Million in New YorkMonday, Oct 24 2011 9:07AM Diamond news agency,
Shira
 |
Christies Auctions Yellow Diamond for $66 Million in New York Christies auctions yellow diamond known as Vivid Yellow for $66 Million in its Magnificent Jewels Auction in New York The GIA has classified the large stone as one of the rarest in its class
|
Diavik Canadian Mine Named One of Canada’s Top Employers Tuesday, Oct 11 2011 5:24AM Diamond news agency,
Shira
 |
Diavik Canadian Mine Named One of Canada’s Top Employers The Diavik Canada diamond mine owned by Rio Tinto and Harry Winston Diamond Inc has been named again as one of Canadas Top 100 Employers
|
Diamonds Up To 2.99 Carats Will Be Graded By GIA in MumbaiWednesday, Apr 27 2011 8:38AM Diamond news agency,
|
Diamonds Up To 299 Carats Will Be Graded By GIA in Mumbai Today the Gem and Jewelry Export Promotion Council announced that the Gemological Institute of America (GIA) will begin grading diamonds weighing up to 299 carats at its Mumbai laboratory to help assist India’s growing diamond trade
|
Rare Diamond To Be Auctioned OffWednesday, Apr 20 2011 7:02AM Diamond news agency,
 |
Rare Diamond To Be Auctioned Off A rare diamond pendant is going to be auctioned off at jeweler Mondial Neuman – and guess what It’s pink
The high end jewelry company has promised to give the money it raises from the auction to an indigenous charity
The pendant is a rare piece of jewelry because it was the first of a series of one hundred pendants to be manufactured Each piece is numbered and certified – this piece has the number 1 engraved in to it The pendant is pave set rose gold and it has about one and a third carats of Argyle pink diamonds
|
New Diamond Mine to Be Opened in IndiaSunday, Apr 17 2011 5:07AM Diamond news agency,
 |
New Diamond Mine to Be Opened in India A new diamond mine is potentially on its way to be opened in what would be the largest mind in all of India
Rio Tinto a worldwide diamond mining company is in the works as we speak investigating the feasibility of opening a new mine close to Madhya Pradesh The company estimates that there could be over twenty five million carats of diamonds which would be one of the largest of its kind in the world
Nik Senapati the director of Rio Tinto in India told the Telegraph in Calcutta that
“We have applied for a mining licence from the central government … in this area where we have a prospecting licence and the ‘inferred resource’ is estimated at 274 million carats” The company was able to acquire a license in 2006
|