De Beers and Diacore buy 40-carat blue diamond from Cullinan mine

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De Beers Group and Diacore have partnered to buy an exceptional fancy colour diamond, a 39.34 carat blue diamond from Cullinan mine for a total price of $40.18 million, split equally between the companies.The exceptional fancy 39.34 carat blue diamond

The exceptional fancy 39.34 carat blue diamond. Image courtesy of De Beers Group.

This follows a similar partnership in November 2020 in which De Beers Group and Diacore bought 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.

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.