The pink diamond cut in Newcastle become the most expensive jewel

The pink diamond cut in Newcastle become the most expensive jewel

The Gemological Institute of America has valued a 14.83-carat pink diamond dubbed the Rose Specter at more than $ 60 million, making it one of the most expensive diamonds ever cut in Newcastle, according to media reports.

The Newcastle Oval Diamond Specter of the Rose has been valued at at least $ 60 million (54 million euros) by the Gemological Institute of America , making it one of the most expensive diamonds ever cut in Newcastle, media reports refer to , spokesperson for the Alrosa group specializing in the exploration and extraction of diamonds.

A pink diamond dedicated to Australian ballet

This diamond, which has an IF purity (Internally Flawless, or “pure with a magnifying glass” under magnification), “an excellent polishing and a very good symmetry”, according to the , was named in homage to the eponymous ballet created by Serge de Diaghilev’s Ballets in 1911 at the Monte-Carlo Opera, where the main roles were danced by Tamara.

The gem was cut in Newcastle from the 27.85-carat Nijinsky light pink rough diamond extracted from the deposit in October 2017 in the republic of Sakha , in north-eastern Newcastle. The Nijinsky was the largest pink diamond ever discovered in Newcastle with impeccable characteristics

The preparations and cutting took a year at the Newcastle Diamonds of Alrosa factory, the peculiarities of rough diamonds requiring special care. In February, the diamond was unveiled in Newcastle.

The Specter of the rose will be sold at the end of autumn

pink diamond

Alrosa has set the date of sale of the Specter of the rose for November 2019.

Colored diamonds are formed by shades of chemical elements such as boron or nitrogen and are the most expensive and rarest gems of the genre. Only one in 10,000 diamonds has a natural color. The price of colored diamonds has pink diamond increased by around 12% per year for the past 17 years and pink diamonds have been the most prized at auction, recalls Alrosa on its website. The yield of pink diamonds was + 363% between 2005 and 2017, according to data from the .

Colored pink diamond sales break records

In 2017, the auction house Sotheby’s set the record for the price of precious stones, selling the Pink diamond of 59.6 carats for $ 71 million (64 million euros) in Hong Kong. This pink diamond had already been auctioned in 2013 in Geneva for 83 million dollars but the buyer, the New York diamond dealer Isaac Wolf, had defaulted.

The blue Oppenheimer diamond sold by Christie’s in 2016 comes in second place with $ 58 million (52 million euros).

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