It’s hard to argue when Sotheby calls it Ultimate Emerald Cut Diamond with size of 100.2 ct. color D and internally flawless. Sotheby will auction Ultimate Emerald Cut on April 21st at Magnificent Jewels Sale in New York City; not very often we see a diamond of this size being auctioned.
Described as ‘whiter than white’ and the ‘definition of perfection’
Gary Schuler, head of the Sotheby’s jewelry department in New York said in a statement “The color is whiter than white, it is free of any internal imperfections, and so transparent that I can only compare it to a pool of icy water”. He describes this 100.2 ct. diamond as “the definition of perfection”
Lisa Hubbard, chairman of North & South America for Sotheby’s International Jewelry Division, said in a statement “It has everything you could ever want from a diamond. The classic shape begs to be worn, while the quality puts it in an asset class of its own”.
Mined in South Africa and weighed more than 200 carats in the rough
Originally mined by DeBeers in Southern Africa, when found it weighed more than 200 ct. in the rough. It took over one year for current owner to study, cut and polish it. Less than one percent of the world’s diamonds are Type IIa, and they are the most valuable of all diamonds.
Ultimate Emerald Cut is expected to fetch between $19 million and $25 million. The diamond will be exhibited in Dubai, Los Angeles, Hong Kong, London and Doha, before returning to New York for exhibition in April.
Crater of Diamond State Park is 911 acre Arkansas State Park in Pike County, Arkansas. Out of this 37.5 acre which is world’s only diamond bearing site open to public. More than 75,000 diamonds have been discovered in the field since 1906 which includes worlds only perfect diamond discovered, the Strawn-Wagner Diamond.
Dean Filppula holding his two-carat diamond (Photo: Crater of Diamonds State Park)
It was a lucky day for Mr. Dean Filppula, an offshore steward from Shreveport, LA who visited the park during vacation after a rainstorm. He found “wedge-shaped light yellow stone about the size of an English pea” in the West Drain area of the park. He is calling this 2.01 Ct diamond after his mother’s initials as “Merf Diamond”.
Park interpreter Wayman Cox says Mr. Filppula was at right place at right time. It rained heavily before his visit, which washed loose soil from surface uncovering the large yellow gem. His store is very familiar to many visitors in past who have found diamonds.
Mr. Filppula found his 20th diamond, but it is largest one found so far in 2015. He is planning to sell the diamond.
Petra Diamonds have unearthed an exceptional 232.08 carat white diamond at the Cullinan mine in South Africa which is expected to fetch between $10 million and $16 million.
The stone is a D colour Type II diamond with size of a strawberry and no measurable nitrogen impurities. “The diamond is practically see-through, so it is very likely to produce a flawless stone,” says Petra spokesperson Cathy Malins.
It has not been determined when the stone will be sold but the timing expected is in the second quarter of this financial year.