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Showing posts with label Diamond History. Show all posts
Showing posts with label Diamond History. Show all posts
The De Beers Centenary Diamond, Once Insured for Over 100 Million Dollars in 1991

The De Beers Centenary Diamond, Once Insured for Over 100 Million Dollars in 1991


Among the most historically remarkable diamonds ever to be discovered, few among them match the grade and quality of the De Beers Centenary Diamond. This 273.85 carat gemstone was one of the legendary natural diamonds to be found at the famous Premier Mine (later renamed to the Cullinan Diamond Mine). Graded at a D color, due to the sheer absence of visible color in the stone, the Centenary also possesses a remarkably high clarity level, with no inclusions visible at 10x magnification.



Cut by noted diamond personality- Gabi Tolkowsky, and his team, the Centenary diamond was even given a special room specifically purposed for the contouring of its design and shape. This facility was located underground at the De Beers Diamond Research Laboratory (Johannesburg, South Africa), and the company brought in engineers, electricians and additional experts in the field of diamond cutting, in order to help sculpt out one of the most important diamonds of that time.



Over a period of 154 days, about 50 carats of unwanted or broken diamond material was removed from the stone. After going through 13 different designs, it was eventually decided that the Centenary would take on a modified version of the heart-shape cut (with the groove absent). In 1991, during the month of February, the diamond was finally finished with a total of 247 facets. The Centenary was once insured at over 100 million US dollars during the same year of its unveiling. Today it's recorded as one of mankind's most beautiful gemstones; a fine rarity that rivals the beauty and magnificence of other famous diamonds like the Cullinan I.

(The main article image thumbnail is actually a precise replica of the Centenary diamond cut by John Hatleberg and photographed by Tony Pettinato)
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Gemcamp Laboratories
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What was the Spark that Launched the Entire Diamond Industry?

What was the Spark that Launched the Entire Diamond Industry?


Have you ever wondered how diamonds became the symbol for love, marriage and commitment? There are so many gemstones in the world, some with dazzling and vivid colors that can captivate the eye, but why did diamond of all these gems, gain the spotlight of an entire world's jewelry industry?

There's a company called De Beers, that was founded back in the 1800's by Cecil Rhodes in South Africa. Diamonds at the time, were very precious already and highly sought after, but they weren't the sparkling investment commodities they are today.




Rhodes went from renting water pumps to investing in the claims of small mining operators across the rich diamond-bearing fields. His ambition quickly grew bolder with each passing year, eventually pushing him to consolidate the country's entire mining industry, and De Beers Consolidated Mines was born.

This company has had a long history, but at one point they controlled the vast majority of diamonds on the international market, distributing raw, rough stones to manufacturers and "sightholders", who were all clients that bought De Beers' products through termed contracts or auction sales.

The ingenious branding of the diamond came about much later, with the advent of one breathtaking tag line, "A diamond is forever." Leveraging on the perfect 10 hardness possessed by the stone, as well as its intense scintillation, fire and brilliance, the company's marketing arm slowly created an association between diamond and romance. The captivating traits of endurance and beauty were linked to how marriages should stand the test of time, just like nature's strongest gemstone.



De Beers paved the way for the modern diamond industry, now more diverse in its sources, retail avenues and public reach. It's highly doubtful that even Cecil Rhodes had the foresight to predict how great of an influence his company would have on the world, but to this day, De Beers is probably the most famous name associated with the diamond trade.

With the rise of other mining companies like Rio Tinto and Alrosa, De Beers' share of the rough diamond market is not nearly as big as before, but it has ventured out into the retail world as well, vertically scaling to reach consumers on a whole new level.

With their help and guidance, laboratories were able to develop gemological programs to study and grade diamond qualities, as well as distinguish fake stones from real ones.

In this day of man-made synthetics, the dependency on scientific methodologies grows even more important for the battle against diamond fraud.
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Gemcamp Laboratories
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