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Tuesday, April 3, 2012

Edmonton Jeweler to Display 10-Ct. Pink Diamond

Canadian fine jewelry retail chain, Birks, will showcase a 10-carat fancy light purplish pink diamond at its Edmonton store at Manulife Place, 10180 - 101st St., from April 13-17. The radiant cut diamond with SI1 clarity is owned by a private collector and is available for $2.5 million CAD ($2.52 million). 

The pink diamond originated from a rare rough stone of 21.35 carats found in a South African mine, making it one of the world’s largest pink diamonds ever mined, Birks said in a statement. Because of its large size, it took 3½ months to cut and polish the stone. The pink diamond, with its purple and pink hues, is set on a platinum ring.

Pink diamonds of this size, as regular readers of this blog know, are extremely rare. The auction house Christie's – one of the most important resellers of diamonds in the world—has reportedly auctioned 18 polished pink diamonds over 10 carats in its 244-year history. The South African 10-carat stone, made from a 21.35-carat rough stone, is even larger than Australia's biggest rough pink diamond weighing 12.76 carats, recently unearthed at its Argyle mine, the most famous mine in the world for pink diamonds.