The 507-carat Cullinan Heritage diamond was discovered at Petra Diamonds’ Cullinan Mine in South Africa (formerly De Beers’ Premier Mine, the source of more than one-fourth of all diamonds weighing over 400 carats) comparatively recently, in 2009.
At the time the stone was mined, the Cullinan Heritage was the 19th-largest rough diamond ever recovered, although recent diamond discoveries have moved it a few places down on the list. In February 2010, the white diamond – whose clarity grade is rated Flawless – set a record price for a rough diamond when it was sold at auction for $35.3 million. The purchaser was Hong Kong jeweler Chow Tai Fook, and the sale was generally heralded as indicating China’s growing importance as a consumer market for diamonds, as well as a coup for the jewelry group itself.
Chow Tai Fook Group Chairman Dr. Cheng Yu-Tung expressed his delight at the group’s acquisition of the diamond.
“This spectacular and high-quality diamond is very rare and exceptional. Chow Tai Fook Jewellery’s repeated success in acquiring world-renowned diamonds is backed by Chow Tai Fook Group’s strength and endless pursuit of perfection in providing our customers with unique diamond pieces,” the chairman said.
-The Israeli Diamond Industry
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