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Not coming to a chain store near you... Fabulous new Blue
- Thread starter WinkHPD
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krisjon
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HoratioNelson
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Re: Not coming to a chain store near you... Fabulous new Blu
No. And being responsible for choosing from the options available in that diamond would make me crazy too. The shape is not at all conducive to a large round brilliant, but there might be several stones of different shapes inside there waiting to be released.
The owner will spend a lot of time consulting with his cutter making decisions, and those decisions will make huge differences in the total price yielded for the diamond.
Perhaps Paul Slegers could come comment on the choices that might be involved. He may or may not want to even venture an opinion on something like this, but he certainly understands the pressures involved far more than I do.
Wink
VRBeauty|1390416633|3598684 said:
No. And being responsible for choosing from the options available in that diamond would make me crazy too. The shape is not at all conducive to a large round brilliant, but there might be several stones of different shapes inside there waiting to be released.
The owner will spend a lot of time consulting with his cutter making decisions, and those decisions will make huge differences in the total price yielded for the diamond.
Perhaps Paul Slegers could come comment on the choices that might be involved. He may or may not want to even venture an opinion on something like this, but he certainly understands the pressures involved far more than I do.
Wink
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Re: Not coming to a chain store near you... Fabulous new Blu
Until all the inclusions are mapped you can't tell what shape will work best.
I see what could be several large fractures.
My guess is a custom design specific to that rough and avoiding problem inclusions will be used.
Then smaller stones cut from what is left over.
I wonder where the rest of it is. It looks like it was broke off a bigger piece.
Wonder if its out there or turned into dust in the recovery process.
Until all the inclusions are mapped you can't tell what shape will work best.
I see what could be several large fractures.
My guess is a custom design specific to that rough and avoiding problem inclusions will be used.
Then smaller stones cut from what is left over.
I wonder where the rest of it is. It looks like it was broke off a bigger piece.
Wonder if its out there or turned into dust in the recovery process.
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Re: Not coming to a chain store near you... Fabulous new Blu
Karl,
When I was at GIA as a student in 1975, I was told that it was surmised that the part of the Cullinan that was recovered was actually only a small fraction of the original crystal. I have always hoped that the rest of it would be unearthed someday.
Wink
Karl,
When I was at GIA as a student in 1975, I was told that it was surmised that the part of the Cullinan that was recovered was actually only a small fraction of the original crystal. I have always hoped that the rest of it would be unearthed someday.
Wink
TitanCi
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TitanCi
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TitanCi
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Re: Not coming to a chain store near you... Fabulous new Blu
However you never know if the reporter got it right.
Paul or Yoram will have to say for sure but in an article about cutting another large diamond they said it was insured by Lloyds of London before cutting.Wink|1390426048|3598832 said:
However you never know if the reporter got it right.
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artdecogirl
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Re: Not coming to a chain store near you... Fabulous new Blu
Lloyd's will insure anything. Literally any crazy thing you come up with. The underwriters decide what the risk of loss is and then they offer it to their members. It's just a question of whether the insured is willing to pay the price the members will accept.
Lloyd's will insure anything. Literally any crazy thing you come up with. The underwriters decide what the risk of loss is and then they offer it to their members. It's just a question of whether the insured is willing to pay the price the members will accept.
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Re: Not coming to a chain store near you... Fabulous new Blu
http://www.idexonline.com/portal_FullNews.asp?id=39123
Petra Diamonds has sold a 29.62-carat blue diamond recovered from the Cullinan mine in South Africa in January for $25,555,555, or $862,780 per carat.
http://www.idexonline.com/portal_FullNews.asp?id=39123
Petra Diamonds has sold a 29.62-carat blue diamond recovered from the Cullinan mine in South Africa in January for $25,555,555, or $862,780 per carat.
Gypsy
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Re: Not coming to a chain store near you... Fabulous new Blu
Auction prices for such rocks range at around $1.3-1.7 Mil per carat. Yield IMO could range within 30-48%+- (e.g. 10-15 cts polished) depending on the shape and quality of cut.
The owners must have visualized something more significant to be profitable.
Insurance wise..., I learned "almost" everything can be insured depending on mathematics.
Negatives..., almost never a complete total lost & deductible usualy kicks it out of economic sense.
Cutting blues is extremely complicated & risky, a grey secondary can always surprise the most experience cutter.
Blues are extremely sensitive to heat caused in the cutting process and must be cut by a handful of cutters geered towards such a project.
I wish the new owners lots of luck, creativity will be the name of the game on this one IMO.
Based on the images & the price realized, it is aimed at one major stone with perhaps a few much smaller satellites.Karl_K|1390432576|3598947 said:
Auction prices for such rocks range at around $1.3-1.7 Mil per carat. Yield IMO could range within 30-48%+- (e.g. 10-15 cts polished) depending on the shape and quality of cut.
The owners must have visualized something more significant to be profitable.
Insurance wise..., I learned "almost" everything can be insured depending on mathematics.
Negatives..., almost never a complete total lost & deductible usualy kicks it out of economic sense.
Cutting blues is extremely complicated & risky, a grey secondary can always surprise the most experience cutter.
Blues are extremely sensitive to heat caused in the cutting process and must be cut by a handful of cutters geered towards such a project.
I wish the new owners lots of luck, creativity will be the name of the game on this one IMO.
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