Saturday, February 27, 2010

Huge Diamond Sells For RM 120 Million !

Petra Diamonds announced that the stone sold for $35.3 million (RM 120 Million) which was the highest sale price ever for a rough stone, an impressive $69,557 (RM 236,000) per carat. Hong Kong-based Chow Tai Fook Jewellery Company Ltd. bought the rock which has been given the preliminary name "Cullinan Heritage," at a tender in South Africa.

The stone is the 19th largest piece of rough unearthed in history and is exceptional both in terms of size and color and clarity. It is believed that the buyers will seek to sell the stone in China. The rough stone could yield a "D-flawless" clear polished stone of 170-180 carats, a stone which could sell at a huge price.

The diamond will be doubtlessly be scrutinized by teams of expert cutters and all possible strategies will be mapped and modeled before the first cut is made.

Via : Luxist

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