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It is the sixth biggest gem-quality diamond ever found and its sale price sets a new world record for a rough diamond.
Despite reporting a decrease in emerald and beryl production in its fiscal third quarter, the colored gemstone miner said it was on track to meet its guidance for the year.
The tennis ball-sized rough stone, which will be auctioned at Sotheby’s in June, could yield the largest top quality polished diamond in the world.
The company now is providing the industry with market data regarding diamond sales gathered from both independent retailers and large chains.
De Beers said rough diamond sales continued to increase in March and April, aided by stable polished diamond prices and wholesale demand.
Steady dealer trading helped to stabilize polished diamond prices last month, even as the outlook for global consumer demand remains uncertain.
The future of the ruby market seems to lie with the stones originating from Africa, but will the trade ever hold them in the same high regard as it does the Burmese stones?
Recovered from its mine in Tanzania, the 32.33-carat colored stone went for $15 million, or more than $460,000 per carat.
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