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The Cullinan Diamond is the largest gem-quality rough diamond ever found, [2] weighing 3,106 carats (621.20 g), discovered at the Premier No.2 mine in Cullinan, South Africa, on 26 January 1905. It was named after Thomas Cullinan , the owner of the mine.
Since the per carat price of diamond shifts around key milestones (such as 1.00 carat (200 mg)), many one-carat diamonds are the result of compromising cut for carat. Some jewelry experts advise consumers to buy a 0.99-carat (198 mg) diamond for its better price or buy a 1.10-carat (220 mg) diamond for its better cut, avoiding a 1.00-carat (200 ...
In 2015, the auction house Bonhams sold the 50.13-carat Hope Spinel for a world-record £962,500 ($1.22m) — over six times its estimate — helping to catapult the stone into public consciousness.
The carat (ct) is a unit of mass equal to 200 mg (0.00705 oz; 0.00643 ozt), which is used for measuring gemstones and pearls. The current definition, sometimes known as the metric carat, was adopted in 1907 at the Fourth General Conference on Weights and Measures, [1] [2] and soon afterwards in many countries around the world.
Whether it is releasing capital to re-invest in more liquid stock, or generating greater margin on re-purchased diamond jewelry, repurchasing diamonds is part of an ongoing strategy for many members of the jewelry industry. In 2012, Tacy Ltd. stated that it expected $1 billion worth of recycled diamonds to be put back into the market. [26]
On 21 September 2008 Gem Diamonds, Ltd. announced that it found a 95.6 grams (478 carats) diamond of high quality, making it the 20th largest diamond ever found. It is a type II D colour, with potential to yield a 30 grams (150 carats) cut stone.
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