Record Diamond
Tue 2 March 2010
Standard
jewellery insurance isn’t likely to cover a diamond costing $35.3m (£23.1m), but a rare and uncut diamond has achieved this record sale price recently at auction.
The diamond was found last year in the Cullinan mine in South Africa alongside other large diamonds. The record breaking diamond was 507-carats, while the second largest was 168-carats. The other gems were 58 and 53 carats.
Johan Dippenaar of Petra, the mining company that discovered the diamond, said: “It has the potential to produce one of the world’s most important polished gems.”
Other large diamonds have been found at this mine before, including the Cullinan diamond which was 3,106-carats; it was cut into nine stones, with some making up the British crown jewels.
The buyer of the diamond was Chow Tai Fook Jewellery Company of Hong Kong; it is unknown what they plan to do with the diamond as yet.
While pieces of jewellery in the home aren’t usually worth this much, homeowners would be well advised to update their
contents insurance to cover their jewellery and other belongings for peace of mind.
Source: BBC, at:
http://news.bbc.co.uk/1/hi/business/8538605.stm