Costliest Diamond Case Study

824 Words2 Pages
bulb-icon

Recommended: Significance of costly jewelry

World’s costliest diamonds
10. the ALMATT
This 101.29-carat cushion cut diamond has its name registered in the world’s costliest diamond category. This Fancy Vivid Yellow colored marvel (certified by Gemological Institute of America ) has been named after its former owner, Alfred Ernest Allnatt. He was a soldier, a sportsman, an active benefactor of the arts and a noted patron in many spheres. The whereabouts of Almatt before 1950 are mysterious except the fact that it was probably found in known as the De Beers Premier Diamond Mine. The piece is a design of a flower with five petals, lined with white baguette-cut diamonds, the petals which are also being comprised of brilliant cut diamonds, and the stem and two leaves also being encompassed of the same cutting styles. The Allnatt is located at the center of the flower. The entire piece holding the costliest diamond is made of platinum. It was auctioned by Christies, again in Geneva, in May 1996. On that occasion it fetched the phenomenal sum of $3,043,496. The present owner of the gem is the SIBA Corporation. The stone originally weighed 102.07 carats but it was re-cut in the late-1990s to its present weight, changing its color from Fancy Intense to Fancy Vivid Yellow.

9. The Moussaieff Red Diamond : $ 7 Millions

This triangular cut red diamond weighs 5.11 carat holds the record of being the largest known red diamond. This beautiful piece of nature(technically yes!!) steals every women”s heart. It was discovered in the 1990s by a Brazilian farmer in the Abaetezinho river , in a region known as Alto Paranaiba in 1990 . the diamond was purchased and then cut by the William Goldberg Diamond Corp., where it was named, the Red Shield. It was purchased in 2001/ 2002 b...

... middle of paper ...

...l!! The cullinan was cut in nine major stones. This precious and costliest diamond is worth 400 million dollars.
2. The Sancy Diamond
This costliest diamond takes everyone’s heart due to its pale yellow colour which is said to be once the price possession of the Mughals. The diamond is of Indian origin and currently rests in the Louvre Museum in France . the estimated worth of this costliest diamond is worthless and hence it finds a spot in our 10 costliest diamonds in the world countdown.
1. The Kohinoor
Hail, here comes the king of kings. The costliest diamond found in the world is Kohinoor. This diamond also called “Mountain of Light” was discovered in the Golconda Mine in Andhra Pradesh, India. This diamond is presumed to be cursed as folklore says that any man who owns this diamond will be plagued by ill fate , thus this diamond is owned by queen of England.

Show More
Related

  • Symbolism In Inside Out And Back Again

    761 Words  | 2 Pages

    The amethyst ring is the most valuable thing Ha’s family has. On page 103, it states,” Mother wants to sell the amethyst ring Father bought back from America, where he trained in the navy before I was

    Read More

  • Diamond Commodity Essay

    1206 Words  | 3 Pages

    ...sumption, creates emission of greenhouse gases and other harmful chemical materials. Once released into the air, it can cause environmental problems, which in turn threatens not only the environment, but also the health of the people who live in it. In order to reduce the use of energy to help protect our planet and our health, the diamond mining industry has implemented renewable energy programs to monitor energy and carbon emission. Since its beginning, mining company PHP Billiton program has saved an equivalent of one million liters of diesel fuel per year at their Ekati Diamond Mine in Canada’s Northwest Territories. The health of the environment and the health of humanity are as one. Whatever we do to our planet, we do to ourselves. Reducing energy consumption of diamond mining not only helps protect our planet, but also helps protect the health of our people.

    Read More

  • History and Popularity of Diamonds in Africa

    1311 Words  | 3 Pages

    The history and popularity of diamonds in Africa all began in 1866 when the first diamond was found along the banks of the Orange River. In the next fifteen years, Africa became the leading supplier of diamonds in the world, exporting more than nations such as India and Brazil. The discovery of these highly valued and highly demanded diamonds brought an immense amount of trade into Africa, a continent known for its poverty. One diamond company in particular, De Beers, instantly became interested in African diamond mines. By 1888, the company controlled the entire market, connecting African diamonds to wealthy humans all over the world. In 1929, De Beers began marketing diamonds to the middle class as well and associated the diamond with engagement and marriage, increasing the demand of the diamond worldwide. Though the company felt they had a hold on the market, they were wrong. Soon Lebanese traders discovered the enormous profit they could make by smuggling diamonds out of the country. As a result illicit mining and trading increased throughout countries in Africa and especially in Sierra Leone. To make matters worse, the government seemed to overlook the problem, if not sometimes encourage it. One Sierra Leone leader, Siaka Stevens, encouraged illicit trading to gain more control over the diamond mines. Succeeding leaders did the same, and with a corrupt government, the country of Sierra Leone was very vulnerable for a rebellion. Instead of bringing the continent of Africa out of its years of poverty stricken hardship, the discovery of diamonds in Africa only brought more of a curse as it fueled civil war, created political instability between governments, and caused unimaginable human suffering for African citizens.

    Read More

  • Diamond Chemicals Case Analysis

    881 Words  | 2 Pages

    Analysis Introduction This project belongs in the engineering-efficiency category; therefore, it has to fit at least 3 of 4 performance hurdles, which are 1. Impact on EPS; 2.Payback; 3.Discounted cash flow and 4. Internal rate of return. In this article, some of those involved explained and described their opinions; however, professional knowledge may have been lacking.

    Read More

  • Debeers Diamonds in Asia - Case

    1661 Words  | 4 Pages

    Valuing a diamond is a highly skilled task thus not traded on world frequently. (Valued on the basis of four criteria- 4C s carat clarity color and cut)

    Read More

  • The Conflict Diamonds of Africa

    1039 Words  | 3 Pages

    A beautiful precious diamond can last forever, but what most people do not know is that a majority of our diamonds come from Africa. The civil wars in Africa over diamonds began around 1961 and ended in 2003. Conflict diamonds were rampant and it would be difficult to say if any jewelry sold prior to 2003 was conflict free. Conflict diamonds are diamonds that have been mined and were controlled by African rebels. The rebels would use the profits from selling conflict diamonds to fund illegal activity and to purchase more weapons for their armies. While rebels had control of the diamond mines they killed approximately 4 million people and countless families were displaced.

    Read More

  • The Truth About Blood Diamonds

    2857 Words  | 6 Pages

    It’s hard to imagine that a mineral could be fueling wars and funding corrupt governments. This mineral can be smuggled undetected across countries in a coat pocket, then be sold for vast amounts of money. This mineral is used in power tools, parts of x-ray machines, and microchips but mostly jewelry. Once considered the ultimate symbol of love, the diamond has a darker story. "Blood" diamonds or "conflict" diamonds are those mined, polished, or traded in areas of the world where the rule of law does not exist. They often originate in war-torn countries like Liberia, Sierra Leone, Angola, and Côte d'Ivoire were rebels use these gems to fund genocide or other questionable objectives. Even with a system known as the Kimberly process which tracks diamonds to prevent trade of these illicit gems, infractions continue as the process is seriously flawed. The continuation of the blood diamond trade is inhuman, and unethical, and in order to cease this illicit trade further action to redefine a conflict diamond, as well as reform to the diamond certification prosess is nessasary.

    Read More

  • Gaudy Vs. Glam: How To Buy Stunning Costume Jewelry?

    1041 Words  | 3 Pages

    You’re browsing along various websites searching for a new piece of jewelry to add to your collection. Suddenly - you see it. The piece that screams your name. It’s an elaborate piece with large cut diamonds and you just know those can’t be real. But they look so real, so you check out the price.

    Read More

  • The Kohinoor Diamond

    2601 Words  | 6 Pages

    Fought over for centuries and claimed by many, the owner of this diamond only yields it to another at the cost of an empire. Believed to have originated from the depths of an ancient Indian mine, the Kohinoor Diamond is a missing link to an illustrious past of a fledgling modern nation. Since its independence, Indians, both in the Republic of India and those who reside throughout the Commonwealth, have demanded the return of the sacred jewel. A demand the British government has continually refused. For the British, the diamond is also a reminder of their renowned past when the sun never set upon their domain. Forever covered in the blood of its past owners, men and nations will continually fight one another, rather with words or war, just for the opportunity to hold the cursed gemstone.

    Read More

  • The Diamond Necklace Affair

    1287 Words  | 3 Pages

    In 1785, the court jewelers, Bohmer and Basange, constructed a necklace with five hundred and forty diamonds of varying sizes in an ugly arrangement that resembled the collars worn by circus animals. They hoped that King Louis XV would purchase it for his favorite, Madame du Barry. Unfortunately, the king died before the necklace was completed. So, naturally the jewelers tried to sell the piece to the newly crowned Queen, Marie Antoinette, because she was known for her extravagant spending and taste. They priced the jewelry at and equivalent of two million dollars in modern money. The Queen declined the offer. She did not like the necklace and the price was even too high for her. Knowing that they would be ruined if the Queen didn’t buy their product the jewelers continued to plead with her for ten years. Each time she turned them down. Then, one day the Queen received a note signed by Bassange which said, “We have real satisfaction in thinking that the most beautiful set of diamonds in existence will belong to the greatest and best of Queens.” Puzzled by the message, the Queen, put the note to flame by a candle sitting on a nearby table (Komroff 85).

    Read More

  • Blood Diamond: Supply and Demand

    989 Words  | 2 Pages

    During 2012, Sierra Leone’s diamond industries were unbelievable, and the amount of exporting was over one hundred millions of dollars in U.S. dollars (Sierra). The principles of supply and demand seem central in the characterization of the various trends in the market. In various market structures, the black market tends to be rarely regulated. However, the black market observes in the venture allow for the integration of some strategies in the effort of the market to the interest traders. Traders pegged to the various black market on the places where best deals are secured on illegal merchandise. These goods are defined to be oriented on the interests of the society, as well as the improvement in demands. Veblen goods are the main targets of such market developments. This originates from people increase demand and status of luxury associated to their usage, and implies the prospective capacity of the reduction of the performance of the rest of the goods.

    Read More

  • The Crown Of Diamond: Overview

    659 Words  | 2 Pages

    One morning, a well-known gentleman went into a bank in London, and was received immediately by Mr. Alexander Holder, head of the bank. He asked for a loan of fifty thousand Pounds. Mr. Holder asked him to present collateral to cover that large sum of money; the man showed him a crown that belongs to the country. Knowing the risk, Mr. Holder agreed to lend the gentleman that large sum of money if he pays it back in a few days. After the gentleman left Mr. Holder decided to keep the crown all the time near by him, so he took the crown to his home in Streatham. There he lived with his only son Arthur and his niece Mary who was an orphan. He told them about his story with the crown of diamonds. When the father was going to sleep, Arthur asked for two hundred pounds. He refused to give him thinking his son was spoiled by his rich friends who had nothing to do except watch horses. Before going to sleep, he went to check that all windows and doors were locked. He saw Mary at a side window at the hall. She closed it quickly, and Holder noticed that she looked anxious. After he went to sleep, he heard some noise that woke him up; he waited until he heard it again coming from his sitting room. He jumped out of his bed and saw his son holding the crown broken from the side and three diamonds were missing. In grief, he accused Arthur of being a thief and a liar. Meanwhile Mary came in and seeing the crown fainted. Arthur asked if he could leave for five minutes but Holder refused and called the police to take his only beloved son to jail. The police searched the house but could not find anything and advised Holder to get the help of Mr. Holmes the famous detective.

    Read More

  • Diamonds

    490 Words  | 1 Pages

    Diamonds were created million years ago, when the earth was formed, the material experienced pressure of 5million times the atmosphere at sea level and temperatures between 1000~1200degreesC. These conditions caused carbon in the layers inside the planet to crystallize into diamonds. The diamonds moved up to the earth’s surface through volcano eruptions. This is why many Diamond mines are near volcanoes. Diamonds occur in two types of rock: Kimberlite and Lamprolite. Diamonds are mostly found in South Africa, India, Brazil, Russia, Australia, and Arkansas. Right now about 100million carats are mined each year. Today the largest cut Diamond in the world is the Cullian I at 530.2ct .

    Read More

  • Diamond Mining Essay

    805 Words  | 2 Pages

    Diamond mining in Africa has turned many parts of the country into a war zone, especially Sierra Leone and. Many people were left wounded and without homes, people were captured by the rebel groups and turned into slaves. Forced to mine diamonds against their will. The Civil War had been going on for ten years, for many children mining became a way of life and many of them were turned into child soldiers.

    Read More

  • diamond industry

    993 Words  | 2 Pages

    The value of diamonds lies on their physical properties that make them suitable for many applications. Natural diamonds are only of high value if they are scarce in nature. Realizing this, De Beers Consolidated Mines was formed to control the supply of diamonds from mines across the world. The diamond market is influenced by mine production, rough diamond distribution, preparation/cutting, and retail markets. The project will be concentrating on the retail markets for diamonds and other high end jewelry.

    Read More

More about Costliest Diamond Case Study

Open Document