Even GIA doesn’t have the answer of Mystery Diamond Color. There are around 500 diamonds with uncommon color which is marked as Mystery Diamond by GIA.
The Gemological Institute of America reported that “as many as 500 diamonds may have been subjected to a new mystery color treatment that temporarily improved the stones’ color as much as three grades.”
GIA believes that the treatment temporarily masks diamond’s body color, resulting in a color grade that can be up to three grades higher than it would be normally.
According to spokesperson Stephen Morisseau, GIA first became aware of the tricky treatment after grading some 500 stones submitted by Israeli manufacturers over a series of month.
Mr. Morisseau says that “We reasonably believe these stones were treated in some way” and he also added that “We don’t know what the treatment is, we are actively researching it?”
GIA said in lab alert “We ask anyone who has purchased or holds these diamonds to please resubmit them to any GIA location for review. GIA will expedite the service, and no fee will be assessed.”
L.Y.E Diamonds, E.G.S.D. Diamonds, Romok Abramov, and Yair Matatov these four companies are banned by GIA. After this action by GIA only one company replied which was Romok Abramov? Abramov says ““All the stones mentioned in the GIA report are not mine, I Never saw any of those stones and don’t have any idea if they were treated.”
The World Federation of Diamond Bourses involved and sent statement expressing concern about the incident. The president of WFDB Mr Ernie Blom said that “This is clearly unlawful behavior, we will have no tolerance whatsoever for this type of alleged illegal activity. We are pleased that the GIA publicized this development so that diamantaires can be on their guard.”
A Russian laboratory-grown diamond manufacturer, New Diamond Technology, is claiming it has produced a 5.11-ct diamond, the largest man-made, polished, near-colorless stone ever produced.
According to the manufacturer, the unenhanced radiant-cut type ‘IIa’ diamond, produced by the high-pressure, high temperature method (HPHT) bears a K SI grade but hasn’t yet been sent to a lab.
This process is called Microwave Plasma Chemical Vapor Deposition, where carbon atoms are layered on top of an initial diamond ‘seed,’ fast-tracking a natural process lasting many millennia to a matter of months. And because these stones are lab-made, they’re good for the environment and are free of the ‘blood diamonds’ stigma that’s so tainted their traditionally-mined counterparts.
Diamond Experts familiar with diamond growing, say that it is an impressive achievement, but wondered whether it could be repeatable and also questioned what the stone would fetch commercially.
New Diamond Technology says it has a “new approach” that allows it to produce lab-grown gems with higher colors and clarity from its factories in Russia and Hong Kong. It said that it can produce gems ranging from 4 to 11 carats.
Company President Tamazi Khikhinashvili says that their diamonds are “more affordable” as compared to natural diamonds. He says the company has sold lab-grown gems to customers in Europe, Asia, and the United States.
Elizabeth Taylor’s estate is suing Christie’s, the auction house, over the $8.8 sale of the “TajMahal” diamond, a gift to the late actress from Richard Burton on her 40th birthday.
The TajMahal diamond was sold by Christie’s along with the rest of Taylor’s jewels and wardrobe in New York following her death in 2011. The collection, which was dubbed the “Crown Jewels of Hollywood,” broke all expectations and brought in $183.5 million to benefit the Elizabeth Taylor AIDS Foundation.
But the trustees of her estate have now filed a complaint alleging breach of contract.They claim the anonymous buyer of the TajMahal diamond returned it months after determining that it actually does not belong to the wife of a 17th century Mughal emperor.
According to the complaint auction house had only stated that the diamond was of Indian origin, but it still agreed to cancel the sale. Christie’s then requested that the estate return the proceeds of the sale.
Christie’s violated its own policies when it rescinded the sale, the trustee’s complaint states. “Despite facing no credible threat of legal liability, Christie’s nonetheless rescinded the sale of the diamond. In doing so, Christie’s not only deviated from its usual business practices and its own established policies, but it violated its obligations to the trust, all in an effort to appease the buyer.”
Taylor’s trustees claimed the auction house also refused to pass on $3 million from the sale of another gem called the Bulgari Ring.They said: “(Christie’s) failed to pay the trust the proceeds from the sale of the Bulgari ring in an attempt to strong arm the trust into returning the proceeds that the trust rightfully received from the sale of the TajMahal diamond.”
In a statement Christie’s said: “Christie’s was pleased to create a landmark auction event on behalf of the Elizabeth Taylor Trust that produced over $183.5 million in proceeds for the beneficiaries of the trust – the friends and family of Elizabeth Taylor.This suit stems from Christie’s seeking the return of a small portion of these proceeds due to the cancellation of a single item from that sale, and Christie’s looks forward to a speedy resolution of this matter.”
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.
If we go by what A-listers donned at Golden Globe 2015, statement earrings is what many celebrities opted to pair with designer gowns. Jewel creations were from world’s best jewelry houses and they dazzled the red carpet. We might have missed few in our list below but here is what we liked.
It was no surprise; Lorde pop star from New Zealand wore huge 100 cts. t.w. Platinum and Diamond Cleopatra-style bib necklace, she even had seven platinum and colorless diamond rings, all from Neil Lane.
Mrs. Amal Clooney had elegant diamond drop earrings by Harry Winston. Though there was a letdown that we felt which were white gloves that she had on.
Naomi Watts chose a 77-carat bold diamond Serpenti high necklace by Bulgari, complimenting high jewelry with rings and clutch bag.
Salma Hayek had stunning feather earrings and bracelets by Boucheron while Catherine Zeta-Jones had perfect red carpet moment with a strapless red Angel Sanchez gown paired with elegant H Stern earrings.
Laura Prepon, dazzled in custom made Christian Siriano long sleeve gown paired with Simon G necklace and earrings.
Gina Rodriguezlooked gorgeous in a strapless Badgley Mischka dress paired dangling Chopard earrings. Amy Adams wore classic diamond jewelry by Tiffany & Co whereas Diane Kruger chose diamond jewelry by Kwiat and Marina B