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De Beers, Diacore Purchase Exceptional 40-Carat Rough Blue Diamond From Legendary Cullinan Diamond Mine July 14, 2021 (0 comments)


Gauteng, South Africa--De Beers Group and Diacore have partnered for the purchase of an exceptional 39.34 carat fancy blue diamond (image) from Cullinan Diamond Mine. The total purchase price was $ 40.18 million, split equally between the companies. 

This follows a similar partnership in November 2020 in which De Beers Group and Diacore purchased five rare blue diamonds totalling 85.62 carats from the Cullinan mine. Cullinan has a unique and historic legacy with exceptional diamonds, having produced several of the world’s most famous diamonds, including the largest rough diamond ever discovered.

Paul Rowley, executive vice president of diamond trading for De Beers Group, said: “It is a privilege to have the opportunity to work with such a miracle of nature and a delight to see the legendary Cullinan deposit producing yet another breathtakingly beautiful gemstone. It’s great to be working again with Diacore on this diamond, given their outstanding history of releasing the true beauty of exceptional finds such as this.”

Nir Livnat, chairman of Diacore, added, “We’re excited and humbled to have the opportunity of designing and shaping one of the most special and rare blue diamonds of such size and color. Joining forces with De Beers specialists alongside our master cutters will enable us to create a world-class masterpiece.” 

De Beers and Diacore will appoint expert artisans to study and work with the gemstone so that its beauty can be maximized before it is presented to the wider world.

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