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World’s rarest diamond now in Dubai

Diamond enthusiasts at the second day of the Dubai Diamond Conference 2017, were treated to the sight of a 163.41-carat flawless diamond set within a necklace, that will soon go under the hammer at a Christie’s auction in Geneva.

The necklace created by Swiss jeweller, de Grisogono. Named ‘The Art of de Grisogono, Creation 1’, the necklace was unveiled in Hong Kong, before setting out on its world tour to London, Dubai, New York, and finally Switzerland, where it will be auctioned at the Geneva Magnificent Jewel Sale on November 14, 2017.

The emerald-cut diamond – the largest ever to be presented at auction – is set as the centerpiece in an asymmetrical necklace, enhanced with emeralds and diamonds.

In February 2016, de Grisogono’s strategic partner, Nemesis International acquired a 404-carat rough diamond, later termed ‘4 de Fevereiro’ of exceptional quality from the Lulo Mine in Angola which is run by the listed Australian mining company, Lucapa Diamond Company. In May 2016, Nemesis International entrusted de Grisogono with the marketing of the stone and also the responsibility of guiding the cutting and polishing process as part of their ongoing strategic partnership.

The mapping, cleaving, laser-cutting and polishing of the 404-carat rough by experts in New York resulted in a 163.41-carat diamond, later categorised by the Gemological Institute of America (GIA), as D colour and flawless.

The Dubai Multi Commodities Centre (DMCC) facilitated the acquisition of the rights for the 404-carat rough diamond to de Grisogono, and showcased the diamond at a special event in May last year. Ahmed bin Sulayem, executive chairman of DMCC, together with founder and creative director of de Grisogono, Fawaz Gruosi, had earlier noted that a “lot of beautiful creations” would come out of the rough diamond.

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