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Thursday, 14 November 2013 18:33

‘Pink Star’ Diamond Sets Gemstone Record

The ‘Pink Star,’ a 59.60-carat oval cut fancy vivid pink diamond, was sold during Sotheby’s Magnificent Jewels sale in Geneva for a record $83 million on November 13. The gem, which is the largest internally flawless diamond that has ever been graded by the Gemological Institute of America, carried an estimate of $60 million. Sotheby’s said that the buyer was Isaac Wolf, a New York-based diamond cutter who is planning to rename the gem “The Pink Dream.”

When the stone first arrived at Sotheby’s, David Bennett, the Chairman of the auction house’s Jewelry Division in Europe and the Middle East, said, “I have had the privilege of examining some of the greatest gemstones in the world over the past 35 years, and I can say, without hesitation, that ‘The Pink Star’ is of immense importance.” The gem’s vibrant hue combined with its extraordinary size makes it the most exceptional pink diamond known to exist in State, Royal and private collections. The Pink Star belongs to a rare subgroup called “Type IIa,” which includes less than two percent of all gems.  

The diamond was cut from a rough stone weighing 132.5 carats, which was mined in Africa in 1999 by De Beers. It was later cut, polished and transformed into its current form by Steinmetz Diamonds. The Pink Star has been exhibited at the Smithsonian Institution as well as the Natural History Museum in London.

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Tuesday, 15 January 2013 12:26

Dispute Over Rare Gem Collection Comes to an End

Over the course of 25 years in the 1980s and 1990s, Harry Rodman, a veteran gold refiner from New York City, and Alan Bronstein, a diamond dealer from New Jersey, assembled the Aurora Pyramid of Hope Diamonds, the most comprehensive collection of colored diamonds in the world. Featuring 295 rare gems, the collection became a point of controversy after Rodman died at the age of 99 in 2008.

Last year, Rodman’s heirs hit Bronstein with a lawsuit claiming that they were entitled to Rodman’s half of the diamond collection, which one appraiser valued at $14 million. The case became more complicated as Rodman, who made several wills in the last ten years of his life, was not only Bronstein’s partner, but also his stepfather. The legal dispute recently came to a close when Bronx Surrogate Judge Lee L. Holzman ruled that Bronstein fairly bought out Rodman’s interest in the Aurora Pyramid collection as well as another well-known grouping of diamonds known as the Aurora Butterfly of Peace.  

The Aurora Pyramid of Hope, which is currently on loan to London’s Natural History Museum, has been exhibited at the Smithsonian Institution in Washington, D.C. and the American Museum of Natural History in New York. Bronstein plans to keep exhibiting the collection in museums for the benefit and enjoyment of the public.

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