Carat Smart Australia in Subiaco, Western Australia | Jewellery wholesaler

Carat Smart Australia

Locality: Subiaco, Western Australia

Phone: +61 8 9382 3773

Address: C7/223 Bagot Rd 6008 Subiaco, WA, Australia

Website: http://www.caratsmart.com.au/

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21.01.2022 Diamond Buying Guide

20.01.2022 The Spirit of the Rose 14.83-Carat Pink Diamond Fetches $26.6 Million, Sets Auction Record. The Spirit of the Rose, a 14.83-carat fancy vivid purple-pink diamond set a world auction record price for a diamond with this rare color combination, fetching more than $26.6 million.... Bidding for the oval-shaped, internally flawless gem opened at 18 million Swiss francs and ended quickly three bids later at 21 million francs ($22.9 million), 50,000 francs shy of the low estimate. With the buyer’s premium the final price was 24.4 million Swiss francs ($26.6 million). The gem was sold by Sotheby’s Geneva. It immediately followed the auction house’s Magnificent and Noble Jewels auction. Both sales were held at the Mandarin Oriental hotel. The saleroom was void of buyers due to a new set of government restrictions to stop the spread of the coronavirus. There was plenty of anticipation for the sale of the rare diamond. The high estimate was placed at $38 million. But during the sale there were just two bidders, one who placed an absentee bid and the other who placed a bid by phone. The latter bidder, who requested anonymity, won the diamond. The gem was created from a 27.85-carat clear pink rough diamond unearthed three years ago from the Ebelyakh mine in the Republic of Sakha (Yakutia) in northeast Russia, owned by the Russian mining giant, Alrosa. It is the largest pink rough diamond ever mined in Russia. The rough was then cut and polished for a year at the miner’s cutting facility in Moscow. The completed diamond was unveiled in February 2019. The diamond was named after the celebrated Russian ballet, Le Spectre de la rose (The Spirit of the Rose), staged by the Ballet Russes company and produced by Sergei Diaghilev. It premiered April 19, 1911, at the Théâtre de Monte-Carlo. The ballet was just 10 minutes long but featured dancers Tamara Karsavina and Vaslav Nijinsky, two of the biggest stars of the Ballet Russes at the time. As mentioned the sale of the Spirit of the Rose was preceded by Sotheby’s Magnificent and Noble Jewels sale. The auction of 102 lots had a sell-through rate of 85% based on my personal calculations. There were strong prices for white diamonds, with all 11 of these gems on offer finding buyers, with 10 them selling above estimates. Three white diamonds led the sale.

19.01.2022 Gold is the shining embodiment of wealth, but why? Correction: The estimated amount of gold left in Earth’s crust is 55,000 tons, not 55 tons as the video states. Business Insider regrets the error.

18.01.2022 Gems from down under Australia is home to one of the most prolific diamond mines in the world the Argyle mine in the East Kimberley region, discovered in 1979.... Diamonds in Australia were recorded as early as 1851, according to the government website Australian Mines Atlas, and most of the country’s diamond resources are in the very large, low gem quality content of Argyle. Today, Argyle accounts for about 90% of Australia’s diamond production. Argyle is owned by mining giant Rio Tinto. Argyle is the world’s most prolific diamond mine by volume and the world’s main source of pink and red diamonds, yielding some 90% of all red and pink stones recovered annually. The Argyle mine also produces champagne, cognac, and blue diamonds. Each year, the company holds an exclusive sale of the best pink diamonds recovered from the mine. The event is known as the Argyle Pink Diamonds Tender, and the diamonds for sale are exhibited in major diamond industry centers around the world prior to the auction. The Argyle Underground Mine is one of the most technologically advanced mines in the world, providing opportunities to be at the forefront of mining technology and innovation. This year, Rio Tinto’s Pink Diamonds Tender collection included 65 rare pink and red diamonds and achieved the highest average price per carat since the Tender began in 1984. Australia is also the home of the Ellendale diamond mine the world’s leading source of rare fancy yellow diamonds. The Ellendale Diamond contributes around half of the world’s supply of fancy yellow diamonds. According to Kimberley’s website, Ellendale is one of only three hard-rock diamond mine locations in Australia. Diamonds were first discovered at Ellendale in an olivine lamproite pipe in November 1976. Earlier this year, it was reported that Kimberley Diamonds Ltd. placed its subsidiary, Kimberley Diamond Company (KDC), which operated Ellandale, in voluntary administration. Shortly afterwards, administrators of the collapsed mine told creditors they are owed millions of dollars.

18.01.2022 Happy Lunar New Year!

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09.01.2022 "Argyle Octavia" found in Argyle diamond mine at the Kimberley region in Western Australia