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Jeweller - February 2022

• Stronger together - Buying Groups get ready for 2022 with newfound vigour • The Great Retail Reset - Pandemic demonstrates that every cloud has a silver lining • Vale Peter Beck - Tribute to a jewellery industry icon

• Stronger together - Buying Groups get ready for 2022 with newfound vigour
• The Great Retail Reset - Pandemic demonstrates that every cloud has a silver lining
• Vale Peter Beck - Tribute to a jewellery industry icon

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News<br />

Emerald-cut diamond ring sets new<br />

Australian auction record<br />

Auction house Leonard Joel claims to have set yet another Australian price<br />

record for a diamond ring.<br />

The record-breaking sale of a 20.05-carat diamond ring for $1.625 million,<br />

including buyer’s premium (IBP) edged out a 25.02-carat ring also sold by<br />

Leonard Joel in April 2021 for $1.25 million.<br />

The company celebrated 40<br />

years of jewellery in 2021 and<br />

capped off this celebration with<br />

the record-breaking sale of the<br />

magnificent solitaire diamond<br />

ring on 7 December 2021 during<br />

the final auction of the year.<br />

The record-breaking VVS2<br />

diamond was shown in<br />

Melbourne and Sydney. The<br />

emerald-cut stone is claw-set<br />

above a gallery pavé-set with<br />

brilliant-cut diamonds, flanked<br />

Record breaking VVS2 20.05-carat emerald-cut<br />

by trapezoid diamonds, mounted diamond ring sells for $1,625,000 at Leonard Joel.<br />

in platinum.<br />

It was sold to a local buyer and is said had fallen in love with the piece at the<br />

earlier viewing.<br />

Following these two stones is a 9.67-carat diamond and Argyle fancy pink<br />

diamond ring that sold for $725,000 IBP and a 17.34-carat diamond ring<br />

that sold for $575,000 IBP. It concludes 2021 with jewellery sales totaling of<br />

$9,787,750.<br />

32.32-carat pink diamond fetches $19m<br />

Multinational company Diacore has acquired an exceptional 32.32-carat<br />

pink rough diamond discovered at the Williamson mine in Tanzania for<br />

$US13.8 million ($AU19.06 million). The rough was part of the 26,000 carats<br />

from the mine’s first tender that was offered in Antwerp in November.<br />

According to Nir Livnat,<br />

chairman, Diacore, "This rare<br />

masterpiece of nature is a<br />

natural fit to our unique offering<br />

as cutters and marketeers of<br />

special diamonds."<br />

The stone was purchased from<br />

Petra Diamonds which operates<br />

the Williamson mine. It closed<br />

in April last year in compliance<br />

with COVID-19 lockdown<br />

guidelines, with operations<br />

expected to resume during the<br />

first quarter of <strong>2022</strong>.<br />

The rare pink rough will be analysed and cut by<br />

the company's highly experienced team to bring<br />

out the beauty and best yield.<br />

Diacore has been specialising<br />

in rare colour diamonds and is<br />

known for purchasing some of the rarest stones, such as the 204.36-carat<br />

fancy intense yellow diamond called the Dancing Sun, early this year,<br />

which was reputed to be the largest polished diamond unearthed in North<br />

America.<br />

Among the other notable purchases of the company were the 203.04-carat<br />

De Beers Millennium Star and the 59.6-carat flawless Pink Star diamond.

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