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Two largest Forevermark diamonds auctioned at Christie's

22
Oct '08
The two largest Forevermark diamonds in the world, were sold successfully at auction by Steinmetz at Christie's, New York on 15th October 2008.

The stunning emerald-cut diamonds, originally formed the centrepiece of the Ponahalo - a beautiful African-inspired pendant created by internationally acclaimed South African jewellery designer, Kevin Friedman.

The buyer, Amer Radwan of Radwan Diamond and Jewelry Trading in Dubai said, "I am delighted to have acquired these beautiful gems."

- 102.11 carat diamond was sold for $4,114,500
- 70.87 carat diamond was sold for $2,154,500

Francois Delage, CEO, Forevermark commented on this announcement saying, "We are delighted at this news. These are two truly precious diamonds that have been cared for at every step of their journey and offer a Forevermark promise of assurance, quality and integrity."

Lior Levin, Global Marketing Director, Steinmetz said, "This was a once in a lifetime opportunity to purchase some of the finest diamonds found in this century which have been responsibly sourced and come inscribed with the Forevermark promise".

The two Ponahalo diamonds each took eighteen months to cut and polish and weigh in at approximately 102.11 and 70.87 carats respectively. Both diamonds are inscribed with the Forevermark icon and a unique Forevermark identification number – symbolising the Forevermark promise of quality and integrity.

Chosen by Steinmetz the inscriptions are prefixed with 316 (the carat weight of the original rough diamond from which both diamonds were cut) and follow with their carat weight – so the larger diamond is 316102 and the smaller is 316070.

Forevermark represents the art of precious diamonds, so selectivity is the Forevermark watchword. As a result, less than 1% of the world's diamonds are eligible to be Forevermark diamonds and be inscribed with the Forevermark icon and unique identification number.

Currently, only a number of handpicked master craftsmen globally, including Steinmetz, are eligible to cut and polish Forevermark diamonds to reveal their exceptional brilliance. Only retailers that meet the very highest standards are able to sell Forevermark diamonds.

A percentage of the proceeds from the sale of the Ponahalo Diamonds will be donated to the Diamond Empowerment Fund, co-created by Russell Simmons.



Forevermark Diamonds


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