So the thing is, i know someone who is in posession of a 110ct diamond, he'd like to sell it but finding correct clients for a diamond of this size is a very hard task. That's when he thought of cutting it up in to more smaller pieces.
Such a big diamond is probably a rarity, would he have better luck with an auction house as opposed to cutting it up?
A 110ct cut diamond would be a globally significant piece, the sort of thing that Graff or Royalty would own.Small update;
It's not a rough diamond, it's a cut 110ct piece.
A gem diamond of that size will have been to the lab. Do you know the color and clarity? If it is bort (industrial grade) it might have some value in the mineral collector market, especially if it has a pleasing shape, but is not cuttable.Small update;
It's not a rough diamond, it's a cut 110ct piece.
Not necessarily. In planning you would be evaluating the total VALUE that could be extracted from the rough. That often involves a very complicated calculus that takes into account color, clarity, size, shape, current market prices, and even cut quality. The larger the rough the more complicated this math tends to be and the greater the stakes for getting it right and optimizing yield value.@Paul-Antwerp I know this deviates slightly from the initial qs. But if we scaled it down to a 10ct rough, in the real world, how many potential stones could u cut out of it.
Would it always be to aim for the largest best stone to be cut first then whatever smaller stones you can squeeze out?
No pm's allowed on this forum, but you can post the video here. We'd all be interested in seeing it.For the ones interested, not sure if you can send pm's here but if it it possible, just send me a pm if you could be of helping hand. Will send a video to the ones as well.
We need a picture no advice before we see that sparkly bomb :rollWhere would one sell something like this then? He's a noob concerning the diamond trade, so am i.
Run away! Diamonds of this nature are discovered at a rate of a couple per decade. There are fewer than 50 of them total. They aren't just lying around on the side of the road, and 100% of them are known. That tells me your 'friend' is, to put it politely, confused. He/she needs professional advice.All ideas/tips etc are welcome
A worldwide-renowned auction house would provide the widest audience and largest sales price, such as Sothebys.Where would one sell something like this then? He's a noob concerning the diamond trade, so am i.