Striving for excellence

Despite the pandemic, the exhibition "Carl Fabergé & Feodor Rückert. Masterpieces of Russian Enamel” was successfully held at the Moscow Kremlin Museums where about 400 pieces of precious metal with enamel were displayed made by the Russian jewelry...

Yesterday

Botswana Diamonds deal with Diamexstrat, Burgundy more extensive than that with Alrosa – Campbell

Botswana Diamonds recently entered into a cooperation agreement with Diamexstrat Botswana and its partner, Burgundy to fund exploration of its prospecting licence assets in the southern African country. Company managing director James Campbell told Rough&Polished's...

01 march 2021

‘By democratizing luxury, lab-grown diamonds are heading towards opening the widest consumer base globally the diamond industry has ever experienced’, asserts Amish Shah, President, ALTR Created Diamonds

A third-generation diamantaire, Amish Shah, President of ALTR Created Diamonds and pioneer of the lab-grown diamond market has never been afraid to challenge the status quo. After gaining experience, through his family business in the diamond industry...

22 february 2021

Debbie Azar: “I believe that natural and laboratory-grown diamonds are two separate products that can complement each other through their unique features and benefits”

GSI is one of the largest gemological organizations in the world with 13 laboratories globally. GSI’s four pillars – integrity, innovation, professional service, and research & education – serve as the backbone of its business and provide a layer of...

15 february 2021

Consumer spending on diamonds exceeds expectations as rough demand outstrips supply – Zimnisky

Consumer spending on diamonds exceeded expectations in the fourth quarter of 2020 and has continued through early 2021, according to a top industry expert. Diamond industry analyst Paul Zimnisky told Rough&Polished’s Mathew Nyaungwa that a multi-year...

08 february 2021

The pink dream of Isaac Wolf

15 november 2013

At a recent Sotheby's auction in Geneva, one of the lots put up for sale was a diamond called The Pink Star, 59.6 carats in size. Its estimate was as high as $ 60 million and no one thought the bidding would take just 300 seconds – this was the time it took for Isaac Wolf, a diamond cutter from New York, to convince his other three competitors to abandon the race for this gem, which after the purchase was immediately renamed The Pink Dream.
It turned out that the new owner in the course of this competition "ran" at a rate of nearly $277,000 per second and came in first with a score of $83.02 million. This is a world record in the diamond purchase event.
After Sotheby's auctioneer David Bennett lowered the hammer, the audience was treated to a music track from “The Pink Panther,” a movie first released in 1964 and narrating about the search of a stolen pink diamond.
The Pink Dream of Isaac Wolf is the largest stone in its category from those that have ever been graded by the Gemological Institute of America (GIA). The gem is oval in shape, 1.06 x 0.81 inches in size and weighs 0.026 pounds. Besides the fact that this stone is distinguished by its own rare characteristics of color and clarity, it also falls into the subgroup of crystals having extraordinary transparency and comprising less than two percent of all diamonds. The rough diamond, which gave birth to the Pink Dream, was recovered by De Beers in Africa in 1999. It was then cut by Steinmetz Diamonds, which spent more than two years to complete the job.