Your email address will not be published. Receive more articles like this, straight to your inbox. The De Beers mining company discovered the Centenary Diamond at an original size of 500 carats. Thieves stole loose diamonds, gold, silver and other types of jewelry valued at more than $100 million. While the stone has never been officially valued, it was insured for $100 million when it was officially unveiled in May 1991. The Centenary Diamond was formally unveiled in the rough at the Centennial Celebration of De Beers Consolidated Mines on 11 May, 1988. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Cut by. Price Sold For: Unknown (Insured at over $100 million in 1991) History: Mined at the De Beers Premier Diamond Mine in South Africa on July 17, 1986 Set Record for the 3rd Largest rough diamond ever discovered at the Premier It took 154 days for the team to hand-cut the Centenary Diamond into an egg-shaped gem weighing approximately 500 carats. There is some mystery surrounding the stone’s current ownership; it is believed that the Centenary Diamond is no longer owned by De Beers, however the new owner is unknown. The image the team had in mind was a shape which would adorn the turban of a Sultan or a Maharaja.” The board settled on the heart shape, and the team continued to cut the diamond. Once finished, it would become the world's sixth largest cut diamond. This magnificent gem has a total of 247 facets including 164 on its pavilion and crown, and another 83 on its girdle. The mines is owned by De Beers and they found it on 17th July 1986. It took 154 days to cut 50 carats and that too as done by hand with careful consideration so to not cut the diamond in excess. The giant 59.6 carat Pink Star diamond sold for more than $71 million at Sotheby’s in Hong Kong Tuesday It sold for $71 million. Cutting a valuable – not to mention immense – stone such as the Centenary diamond requires expertise. Carat: 273.8 after cut and polish. One of the biggest Australian investments is $100 million for the Sir John Monash … Graff Diamonds unveils probably the most valuable, contemporary-made brooch in the world at TEFAF, Maastricht: a US$100 million diamond peacock featuring a 20.02ct blue diamond and 1,305 diamonds. It has named as a “Centenary Diamond” because it was presented on the Centennial Celebration of De Beers Consolidated Mines on May 11, 1988. The Centenary Diamond measures 39.90 X 50.50 X 24.55m. Accompanying documents read: “Effectively, the Centenary Diamond is shaped like a heart, but does not have a groove. De Beers. The De Beers Centenary Diamond is, at 273.85 carats (54.77 g), the third-largest diamond to have been produced in the Premier Mine. Price – $100 million. In 1991, Mr. Nicholas Oppenheimer, then Deputy Chairman of De Beers, made a declaration: “Who can put a price on such a stone?” Given the deep mystery surrounding its whereabouts, the stone is one many would like to know more about. The De Beers Centenary Diamond was classified as D level by the Gemological Institute of America. The closely guarded secret of the De Beers Mining Company was unveiled to the world only on March 11, 1988, at a … While the Centenary diamond has never been appraised for it's value, it is known to have been insured for around US$100 million, at the time of it's unveiling in May 1991. Properties: Colorless with highest GIA rating – D. The Centenary Diamond – $100 million (Approx. Unknown. Skip to Content Rankings See All … De Beers Centenary Diamond: $100 Million. The Centenary Diamond, $100 million This gem weighed over 500 carat as a rough diamond. The third largest diamond in the world weighs at 274 carats which was discovered at the Premier mines. The Centenary diamond is rated as D which is the highest grade in color by the Geological Institute of America and it is internally and externally flawless. Estimated value. Prime Minister Narendra Modi is slated to address the centenary celebrations of the Aligarh Muslim University (AMU) today (December 22), the Prime Minister’s Office (PMO) said on December 20. It has named as a “Centenary Diamond” because it was presented on the Centennial Celebration of De Beers Consolidated Mines on May 11, 1988. The Antwerp diamond heist, dubbed the "heist of the century", was by far the largest diamond heist and one of the largest robberies in history. 4. The diamond was dicovered with the help of an X Ray imaging system, whcih was advanced technology of the time. Centenary Diamond – Photo © DeBeers Group After the sale the diamond, which sold for around $5.5 million more than its lower estimate, was named ‘The Sweet Josephine’ by the winning bidder in honour of his seven-year-old daughter. Named for the Centenary Anniversary of DeBeers, the Centenary diamond was discovered in 1986 at the Premier Mine in Africa. The gem was discovered in 1985 in the Premier mine in South Africa and it was cut by Gabriel Tolkowsky (who also designed the flawless Centenary diamond). Scholarship, ©2011-2020 Worthy, Inc. All rights reserved. This diamond is known to have been insured for $100 Million and was loaned to the Tower of London where it was displayed for a number of years before being sold to an anonymous buyer for an unknown price. Reviews The unveiling of this diamond was done in 1988 – the 100th anniversary of De Beers. At just under a Million Dirhams, it weighs 30Kg and has a 100 Carat diamond version. It's one of only six diamonds over 100 … That makes it the twentieth largest rough diamond ever to come out of those mines. De Beers Centenary Diamond: $ 100 Millions; The De Beers Centenary Diamond was named D levels by the Gemological Institute of America. Centenary Diamond Because it is one of a kind, of such size and purity, it is “priceless.”, Sources: worldlatest.net, pandorajewelrycare.com, caesarom.com. Once it was cut into its current heart shape, its weight dropped to … Named to commemorate the 100th anniversary of De Beers Consolidated Mines, it was first presented to the public in its 599-carat, uncut form in 1988. Mechanical vibrations, temperature variations, and other factors that might interfere with cutting the stone were minimized, helping to reduce the potential for costly errors that might cause the Centenary diamond history to take a turn for the worse. The $100 Million Belgian Diamond Heist Explained.Stay tuned for our project THE WEIGHT OF MONEY. The sacrifice in carat weight, however, improved the color (D) and clarity grade (flawless) of this unique diamond. The diamond is owned by De Beers and presented several years in Tower of London but currently the owner and value of this diamond is unknown. Once it was cut into its current heart shape, its weight dropped to 273.85 carat. While the Centenary diamond value has never been publicly appraised, it was insured for more than $100 million USD at the time of its public unveiling in 1991. De Beers chose Gabi Tolkowsky to head the team responsible for the task. A specially selected group of security guards, engineers, and electricians were assigned to the team, and a special underground room was designed to facilitate the operation. Although the official value of the Centenary diamond is not known, because its current owner is not public knowledge in accordance with the De Beers policy of anonymity, it is known that the diamond was insured for $100 Million upon its unveiling in 1991. It’s the highest grade of a diamond that is colorless flawless. The Gemological Institute of America has certified the diamond’s color as D and its clarity as internally and externally flawless. But while its size gave it a significant value, it appreciated after it was cut to a size of 273.85 carats with a heart shape. The De Beers Centenary Diamond is, at 273.85 carats (54.770 g), the third-largest diamond to have been produced in the Premier Mine. The Centenary Diamond was formally … The diamond is 273.85 carats (54.77 grams) in mass. The value of the Golden Jubilee diamond is estimated between $4 – $12 million. It’s rough weighs at 599 carats and had 247 facets after it’s cutting It has 164 facets on the pavillion and crown and 83 on the girdle. Centenary Diamond was discovered on July 17, 1986. The Centenary Diamond weighted 599 carats but after cutting and polishing became a beautiful 273.85 carat polished diamond gem. Discovered in the Premier Min in July of 1986 with the help of an X-ray imaging system, this massive stone weighed 599 carats (119.8 grams) uncut. Original owner. Hence the name Centenary was chosen for this flawless stone. Julian Oglivie Thompson, chairman at the time, said “We have recovered at the Premier Mine a diamond of 599 carats which is perfect in color – indeed, it is one of the largest top-color diamonds ever found. The Centenary Diamond measures 39.90 X 50.50 X 24.55m. Despite our lack of knowledge as to the diamond's worth and whereabouts, if it surfaces in a country's Crown Jewels or in a Museum, and goes on auction, we would then be able to conclude the Centenary diamond's worth today. The diamond was cut by the most skilled cutter of the time, Gabi Towlkowsky (in the image) along with 3 other members were choosen to head the team responsibe for the cutting who were assissted by a special group of engineers, electricians and security guards. An exceedingly rare, and astoundingly large, diamond sold for more than HK$120 million at a sale by Sotheby’s Hong Kong on Monday night. Beyond the stone’s remarkable carat size, the diamond… 9 The Pink Promise, an oval-shaped Fancy Vivid Pink diamond, 14.93 carats Sold for $32,480,500 in 2017 Naturally, it will be called the Centenary Diamond.”. The diamond itself is 273.85 carats (54.77 grams) in weight. The Centenary Diamond is rated in color as grade D color by the GIA which is the highest grade of colourless The Centenary Diamond — $100 million As a rough diamond, the Centenary Diamond weighed over 500ct. The Centenary diamond received a D color grade from the GIA. The Bentley Centenary Opus celebrates 100 years of Bentley Motors. Estimated Value: $100 million. Gabi Tolkowsky, Jim Nash and Geoff Woolett. The De Beers Centenary Diamond, $100 million A flawless, colorless stone, the De Beers Centenary Diamond was discovered in South Africa’s Premier Mine in 1986. When looking down at million dollar diamond rings, Jennifer Lopez’s engagement ring is holding the 4 th rank with the $8.5 million dollars diamond ring. This diamond was been insured around $100 million in 1991. De Beers, citing its strict anonymity policy, has declined to comment on the ownership status of the Centenary diamond. The Gemological Institute of America has certified the diamond’s color as D and its clarity as internally and externally flawless. About Worthy A diamond unearthed in Northern Ontario two years ago has sold for a record price in an online auction, to an unnamed buyer who paid $15.7 million for the flawless, colourless gem. 5. It was later cut to a modified heart-shape, weighing 273.85ct. It is the third-largest diamond to come out of the Premier Mine, and with a grade of D, it is internally and externally flawless. The team presented 13 different designs to the De Beers board, highly recommending the modified heart-shaped design. This flawless, 100-carat diamond sold for $22 million, including buyer's premium, at Sotheby's New York's Magnificent Jewels sale on April 21. It was cut in a special underground bunker which could withstand vibrations so as to not do any damage during the cutting of the diamond. Contributors It’s the most noteworthy evaluation of a diamond that dreary and inside and remotely immaculate. The De Beers Centenary Diamond is, at 273.85 carat, the third-largest diamond to have been produced in the Premier Mine. - A highly important 102.39-carat D Colour Flawless Oval Diamond -Sells for HK$121,562,000 / US$15,694,870 To a Private Collector Who Names the Gem ‘Maiko Star’ After His Second DaughterThe Same Collector Bought the 88.22-carat ‘Manami Star’ at Sotheby’s in April 2019The Diamond will be heading to… Save my name, email, and website in this browser for the next time I comment. The original Centenary Diamond weighed over 500 carats. It is the third-largest diamond to come out of the Premier Mine, and with a grade of D, it is internally and externally flawless. Whether the Centenary Diamond has since been sold is a mystery. The stone was later loaned to the Tower of London, where it was displayed for a number of years. The De Beers Corporation happily loaned the Centenary Diamond to the Tower of London, where it was put on public display for a number of years. While the stone has never been officially valued, it was insured for … The $552 million is more than 92 times what Germany is investing. The prime minister will be joining the 100-year anniversary event via video conferencing at 11 am, according to a press release by the PMO. The Centenary Diamond Discovered on 17th July 1986 at the De Beers Premier Mine in Gauteng Province, South Africa, the rough stone from which the Centenary diamond was cut weighed some 599 carats. Prime Minister Narendra Modi will address the centenary celebrations of Aligarh Muslim University (AMU) on Tuesday via video conferencing. Jennifer Lopez’s ex-husband Marc Anthony made their engagement stunning by proposing the Neil Lane Blue Diamond … The Centenary diamond gets its name from the centenary of the De Beers Consolidated Mines Ltd. celebrated on March 11, 1988. The gem was never publicly appraised for value but it was insured for more than $100 million at the time of its unveiling in 1991. This diamond is known to have been insured for $100 Million and was loaned to the Tower of London where it was displayed for a number of years before being sold to an anonymous buyer for an unknown price. “At 11 AM tomorrow, 22nd December, will be speaking at the centenary celebrations of the Aligarh Muslim University,” PM Modi wrote on Twitter. Press It is cut in a modified Heart Shaped Brilliant. The Centenary Diamond was finally completed in February of 1991. The Centenary Diamond, $100 million This gem weighed over 500 carat as a rough diamond. The Centenary Diamond is believed to be the biggest, faceted, D-colour diamond in the world. It took a whole 10 months to cut it into the finial shape from March 1990 to January 1991. It got it’s name as Centenary which means a century because it was unveiled on the 100th anniversary of the De Beers Consolidated mines. While some diamonds have long, complicated stories attached to the, the Centenary Diamond history is a fairly short one. The team decided to have it cut in the shape which would be adorned in the crown of an Indian Maharaja. Centenary Diamond. confirming that it was insured for around $100 million. The diamond is owned by De Beers and presented several years in Tower of London but currently the owner and value of this diamond is unknown. Worthy, Inc. operates from 20 W 37 St., 12th Floor, New York, NY 10018. The De Beers Group's policy is not to dislose such information so that the anonymity of its clients is protected. It was later cut and modified into a heart-shape, which weighed 273.85 carats. Discovered in the Premier Min in July of 1986 with the help of an X-ray imaging system, this massive stone weighed 599 carats (119.8 grams) uncut. At 545.67 carats (109.13 g), The Golden Jubilee Diamond is currently the largest faceted diamond in the world. Place of Origin: Premier Mine of South Africa. Current owner. While the value of the diamond is debatable, DeBeers insured the modified heart-shaped brilliant stone for $100 million. As for the Centenary diamond value, no one is certain. The De Beers Centenary Diamond is, at 273.85 carats (54.770 g), the third-largest diamond to have been produced in the Premier Mine. Rs.6,39,96,70,000) Image Source. Also Known As: The De Beers Centenary Diamond. Do you know, discovery of this crystal was known to only few people and they were sworn to keep it secret. at least USD 100 million. Since the diamond is insured, no one can say about the price of the diamond because of the exceptional color and clarity of the diamond, but it is estimated to be around $100 million or ₹750 cr. Advertise    Privacy Policy    Terms of Use. Among top-color diamonds, only the Cullinan I and II are larger than the Centenary diamond. 1888 was the year the English entrepreneur Cecil Rhodesincorporated De Beers Consolidated Mines Ltd.The Centenary rough diamond was actually discovered on July 17, 1986, at the Premier diamond mines, but all those involved in the discovery were sworn to silence. It was found in Premier mine of South Africa using their x-ray imaging system. Known as Diamond B Ranch, the property comprises about 1,100 acres in Lower Lake, Calif., about 100 miles north of San Francisco. While some diamonds have long, complicated stories attached to the, the Centenary Diamond history is a fairly short one. The Centenary Diamond was unveiled in its final form in May 1991, with 247 facets: 164 on the pavilion and crown, and 83 on the girdle. Among top-color diamonds, Only the Cullinan I and Cullinan II diamonds are larger than the Centenary. While the value of the Centenary Diamond has never been appraised, it was reported that the diamond was insured for about $100 million, when it was unveiled in May 1991, after its cutting. The sacrifice in the carat weight of the centenary diamond improved the colour and clarity grade of this unique diamond. Promotions This diamond was been insured around $100 million in 1991. One interesting fact to know about the Premier Mines is that it has produced 300 stones weighing more than 100 carats and a quarter of world’s diamonds weighing more than 400 carats. It is unknown which came first, the name of this diamond or its price tag. Stockton Diamond gets $100 million grant from California The Stockton Diamond project, which seeks to replace a busy at-grade Central California rail crossing with a flyover, has received a $100 million grant from the California Transportation Commission. The Centenary Diamond. 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