Ouroboro Diamonds of Rare Color announces the release of a limited edition Gold and Diamond Ingot called The “Oro”. Custom designed and fabricated in Canada, only 200 of these collectible pieces are being made.
Individually numbered and accompanied with a Certificate of Authenticity, The “Oro” is made up of one troy ounce of 24-karat (99.99% or .9999) pure yellow gold. What makes The “Oro” special is that embedded within each is a round, brilliant-cut, D-color, Internally Flawless diamond of no less than 0.25 carats. Each of the diamonds will be accompanied by certification from the Gemological Institute of America
“After an incredibly successful first eight months for our company, we are excited to branch into this new endeavor,” says President and Director of Ouroboro Diamonds, Neil G. Finney.
“The ‘Oro’ is a stunning collector’s piece that showcases the perfection of a diamond framed by luminous gold”
The “Oro” will be available directly from the website (www.oro-ingot.com) or by contacting Ouroboro Diamonds of Rare Color directly at 866-350-4646.
The diamond world could be rocked with a new record later this year when this 8.41-carat purple-pink diamond goes up for auction at Sotheby’s Hong Kong Magnificent Jewels and Jadeite Autumn Sale.
The stone, originally mined by De Beers, weighed in at 19.54-carats in its rough form. It will tour around the world with stops in Singapore, Taipei, New York, London, Geneva and Hong Kong leading up to the October 7th auction.
At the auction, the pear-shaped stone could sell between $12.8 million and $15.4 million (USD). The per-carat selling record for a pink diamond was set in 2009 when a 5-carat stone sold for $2.1 million/carat. If this purple-pink stone goes beyond estimate and sells for over $18 million, that record could be in jeopardy.
The largest overall sale for a pink diamond was for the Graff Pink Diamond, a 24.76-carat, Fancy Intense pink diamond that sold at auction in 2010 for $46.2 million or $1.86 million per carat.
In the years since those two massive pink diamond sales, the value of pink diamonds has continued to increased in value. A situation that will only continue as the world’s main source of pink diamonds, the Argyle mine in Australia is expected to close by 2019.
This September, famed mining and resource company Rio Tinto will be holding it’s 30th annual Argyle Diamond Tender. This year’s event is shaping up to be one of the most memorable in history as a trio of color diamonds will be taking centre stage.
The Argyle Cardinal
The star of the tender, this radiant cut, 1.21 carat, Fancy Red diamond is named after the red North American bird. Some industry experts believe this stone could break the “per-carat” record of $1.6 million for a Fancy Red diamond.
The Argyle Rosette
This Fancy Intense Purple-Pink diamond with an emerald cut has a weight of 2.17 carats.
The Argyle Toki
This Fancy Intense Purplish-Pink emerald cut diamond weighs in at 1.59 carats.
Rio Tinto’s annual Argyle Diamond tender is always one of the most important events of the calendar year for jewel enthusiasts. Over 90% of the world’s pink diamonds come from this mine. The expected closing date for the mine is around 2018-2019 so these commodities will only increase in value in the coming years.
Overall, this year’s Rio Tinto tender will feature 55 color diamonds, 4 of which will be Fancy Red. In the tender’s 30 year history, there has only been 13 Fancy Red diamonds made available so this year’s crop is expected to garner some huge returns for the company.
Golfer Sergio Garcia made some diamond news this past weekend at the WGC-Bridgestone Invitational.
On the final day of the tournament, Garcia hit an errant tee shot on the third hole which sailed into the crowd. The shot ended up hitting a woman in the hand and the force of the impact dislodged a diamond from her ring into the tall grass below her feet.
Garcia actually helped look for the diamond before having his caddy get her contact information so he could replace the stone if it wasn’t found. The golfer also gave the woman an autographed ball for her troubles.
“Obviously, it didn’t feel very good,” Garcia said. “You never like to hit anybody, but if you hit someone and make her lose her diamond ring, it feels even worse.”
When asked about how his new fiancé would feel about him purchasing a diamond for another woman, Garcia said “I don’t know how Kathy would have felt about that”.
Luckily, after 20 minutes of searching, the diamond was indeed found and the spectator now has one of the best diamond stories ever.
Garcia ended up with a bogey on that hole and finished the tournament in second place, two strokes behind Rory McIlroy.