De Beers, Diacore seal the deal for exquisite blue diamond from Cullinan diamond mine worth $40.18 million.

pic courtesy De Beers Group

Surat : De Beers Group and Diacore partnered for the purchase of the exquisite fancy colour diamond.

The 39.34 carat fancy blue diamond from Cullinan diamond mine was bought by De Beers group and Diacore for $40.18 million, split equally between the companies.

In November-2020, De Beers and Diacore had purchased five rare blue diamonds from Cullinan mine totalling 85.62 carats.

This follows a similar partnership in November 2020 in which De Beers Group and Diacore purchased five rare blue diamonds from Cullinan totalling 85.62 carats. Cullinan has a unique and historic legacy with exceptional diamonds, having produced several of the world’s most famous diamonds, including the largest rough diamond ever discovered.

The Cullinan diamond mine is located in the Gauteng province of South Africa. The site is situated 40km east of Pretoria in Cullinan. The diamond mine is also known as Premier mine.

The open-pit mining at the Cullinan diamond mine began in 1903. It is one of the major sources of blue diamonds in the world.

Petra Diamonds purchased a 37% stake in the mine from De Beers in 2008. The company increased this to 74% in 2009 by purchasing Al Rajhi’s shares.

Paul Rowley, Executive Vice President of Diamond Trading, De Beers Group, said: “It is a privilege to have the opportunity to work with such a miracle of nature and a delight to see the legendary Cullinan deposit producing yet another breathtakingly beautiful gemstone. It’s great to be working again with Diacore on this diamond, given their outstanding history of releasing the true beauty of exceptional finds such as this.”

Nir Livnat, Chairman, Diacore, said: “We’re excited and humbled to have the opportunity of designing and shaping one of the most special and rare blue diamonds of such size and colour. Joining forces with De Beers specialists alongside our master cutters will enable us to create a world-class masterpiece.”

De Beers and Diacore will appoint expert artisans to study and work with the gemstone so that its beauty can be maximised before it is presented to the wider world.