Why jewelers are investing in rough diamonds | CNN

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Why jewelers are investing in rough diamonds

Published 6:49 AM EDT, Wed October 11, 2017
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The 1,109-carat Lesedi La Rona first made headlines last June, when its seller, Canada's Lucara Diamond Corp, broke with tradition and offered the uncut stone at a Sotheby's auction (most rough diamond sales are completed privately), with an estimated price set at $70 million.
The 1,109-carat Lesedi La Rona first made headlines last June, when its seller, Canada's Lucara Diamond Corp, broke with tradition and offered the uncut stone at a Sotheby's auction (most rough diamond sales are completed privately), with an estimated price set at $70 million.
Donald Bowers/Getty Images North America/Getty Images for Sotheby's
Graff chairman Laurence Graff with the 102.79-carat Constellation, the world's largest D-colour, internally flawless round diamond, which was cut from Graff's Light of Letšeng 478-carat rough.
Graff chairman Laurence Graff with the 102.79-carat Constellation, the world's largest D-colour, internally flawless round diamond, which was cut from Graff's Light of Letšeng 478-carat rough.
Graff
The Graff Eternal Twins, two identical 50.23ct emerald-cut gems, were cut from a 269-carat rough diamond.
The Graff Eternal Twins, two identical 50.23ct emerald-cut gems, were cut from a 269-carat rough diamond.
Graff
De Grisogono founder and creative director Fawaz Gruosi with the 404-carat "4 de Fevereiro" diamond, the the largest rough diamond discovered in Angola.
De Grisogono founder and creative director Fawaz Gruosi with the 404-carat "4 de Fevereiro" diamond, the the largest rough diamond discovered in Angola.
de Grisogono
De Grisogono's emerald and diamond necklace took 1,700 hours to create and features the largest flawless D-colour diamond (163.41 carats) to ever to come to auction. It's expected to fetch around $30 million at Christie's Geneva on Nov. 14, 2017.
De Grisogono's emerald and diamond necklace took 1,700 hours to create and features the largest flawless D-colour diamond (163.41 carats) to ever to come to auction. It's expected to fetch around $30 million at Christie's Geneva on Nov. 14, 2017.
de Grisogono
Last year De Grisogono acquired the 813-carat Constellation, billed as the world's most expensive rough diamond.
Last year De Grisogono acquired the 813-carat Constellation, billed as the world's most expensive rough diamond.
de Grisogono
Chopard co-president and artistic director Caroline Scheufele says she still "gets goose bumps" seeing the suite of gems she created from a 342-carat rough that produced 23 diamonds.
Chopard co-president and artistic director Caroline Scheufele says she still "gets goose bumps" seeing the suite of gems she created from a 342-carat rough that produced 23 diamonds.
Chopard
"I wanted to explore every possibility and to represent all diamond cuts," said Scheufele of the 342-carat D flawless rough.
"I wanted to explore every possibility and to represent all diamond cuts," said Scheufele of the 342-carat D flawless rough.
Chopard
The highlight of Chopard's Garden of Kalahari necklace is a 50-carat brilliant-cut diamond.
The highlight of Chopard's Garden of Kalahari necklace is a 50-carat brilliant-cut diamond.
Chopard
Carla Bruni (left) and Eva Herzigova (right), seen here with with Chopard co-president Caroline Scheufele, were among the guests at the Garden of Kalahari launch during Haute Couture Fashion Week in January.
Carla Bruni (left) and Eva Herzigova (right), seen here with with Chopard co-president Caroline Scheufele, were among the guests at the Garden of Kalahari launch during Haute Couture Fashion Week in January.
Chopard
Rough diamonds are not only the preserve of the ultra-rich. In 2005 De Beers launched the Talisman collection featuring a mix of rough and polished diamonds. The collection included this medallion with 0.8-carats of stones (£3,650).
Rough diamonds are not only the preserve of the ultra-rich. In 2005 De Beers launched the Talisman collection featuring a mix of rough and polished diamonds. The collection included this medallion with 0.8-carats of stones (£3,650).
De Beers

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