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Lesotho Unearths 478 Carat Diamond

September 23, 2008 by Administrator · Leave a Comment 

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Gem Diamonds said yesterday that it had recovered a 478-carat diamond from its mine in Lesotho – the 20th-largest rough diamond yet found. The gem had the potential to become one of the largest round-cut diamonds in the world.

The Daily Telegraph reports that the gem was discovered on September 8 at the Letseng mine in Lesotho, a small kingdom inside South Africa. The mine, which was owned by De Beers for many years, has already produced three of the world’s biggest diamonds. These are the 603-carat Lesotho Promise, the 493-carat Leteng Legacy and the 601-carat Lesotho Brown.

Clifford Elphick, Gem Diamonds’ chief executive, said: “Preliminary examination of this remarkable diamond indicates that it will yield a record-breaking polished stone of the very best colour and clarity.” The diamond, which has not yet been named, has the potential to yield a 150-carat polished stone. That would dwarf the 105-carat round-cut Koh-i-Noor diamond seized by Britain from India in the 19th century and now part of the Crown Jewels. It would still only be a fraction of the size, however, of the Cullinan diamond, which was discovered in 1905.

This huge gemstone was 3,106 carats when recovered and yielded a teardrop-shaped diamond of 530 carats – the Great Star of Africa. The Letseng mine is owned by a mining company that is 70pc-owned by Gem Diamonds, with the remaining 30pc held by the Lesotho government. Mr Elphick added: “Letseng continues to reward its shareholders with the production of these significant diamonds and to confirm its position as one of the great mines in the diamond industry.

“With a further 45 years of life remaining, we expect Letseng to make history for many years to come.”

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We at the San Diego Luxury Pawn Shop Report have a special affection and respect for fine mechanical watches, seeing them as a perfect blend of beauty and precision. Thus we were happy to read the following news: New Auction House to Sell Masterpiece Watches.

Ernst Benz Commemorates Bejing With New Timepiece

September 10, 2008 by Administrator · Leave a Comment 

Ernst Benz

National Jeweler reports that the Swiss watch brand Ernst Benz has launched a new timepiece in commemoration of the city of Beijing, host of the 2008 Summer Olympics.

The introduction marks a new series to be released bi-annually in celebration of the great cities of the world. “In the continual effort to tell the story of Ernst Benz and its ‘Great Circle’ theme of exploration and aviation, we have designed these timepieces to honor the magnificent society and rich heritage of the city of Beijing,” Leonid Khankin, Ernst Benz designer and managing director, said in a media release.

In designing the “Beijing 2008 Limited Edition ChronoScope,” Khankin took inspiration from Chinese numerology and the number eight, a continuous and symmetrical number that is a symbol of prosperity and wealth in Chinese culture.

The watch was designed and manufactured in Switzerland, and will be available exclusively in the brand’s signature 47-millimeter size with two different dial executions, “Noir,” in black, and “Vermilion,” a red style. Both versions will be limited to only 88 pieces, hand-finished in brushed stainless steel. An even more limited edition of eight pieces per dial will be available in black PVD-coated brushed steel.

Both dials feature a traditional Chinese pattern representing fire, and incorporate Chinese characters for the numerals, with the eighth hour marker written as “08″ to signify the importance of the 2008 year. The watches will be delivered in custom Chinese-themed packaging and will feature a choice of hand-stitched alligator straps in black with red stitching or red with black stitching.

The stainless steel version will retail for $5,800 and the black PVD-coated brushed stainless steel model will retail for $6,800.

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Are you a history buff? Then you’ll want to read this article about what is perhaps Catherine The Great’s Pearl Necklace, published by the San Diego Luxury Pawn Shop Report.

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