Cora International to Display Blue Diamond at Rough Week

The exceptional vivid blue 29.6-carat diamond purchased by the New York luxury diamond brand Cora International LLC is on its way to Israel.

Cora International LLC has agreed to the request of the Israel Diamond Exchange (IDE) to present the vivid blue 29.6 carat diamond in the March 9-13 International Rough Diamond Week at the IDE, and to take part in efforts to turn Israel into one of the world's major rough diamond centers.

 

IDE President Shmuel Schnitzer said, "The first edition of the International Rough Diamond Week, with the participation of leading international mining companies such as De Beers, Alrosa, Rio Tinto and others, with the exceptional 29.6-carat blue diamond bought by Cora International being the jewel in the crown of the week, will see goods worth many hundreds of millions of dollars on offer and this further enhances the status of the Israel Diamond Exchange on the world's diamond map."

The exceptional vivid blue 29.6 carat diamond was recovered by Petra Diamonds Limited at the Cullinan mine in South Africa and purchased by Cora International for approximately $25.5 million at a highly competitive sale process.

"The stone is an outstanding vivid blue with extraordinary saturation, tone and clarity, and has the potential to yield a polished stone of great value and importance," a spokesperson for Petra Diamonds said on January 21

"Blue diamonds are amongst the rarest and most highly coveted of all diamonds and the Cullinan mine is the most important source of blues in the world."

Cora is known worldwide for its rare and unique diamonds of large sizes and vivid fancy colors. Headquartered on Fifth Avenue in New York City, Cora is a leading luxury brand and is considered one of the world's leading firms that specialize in cutting large and important diamonds.

Notable among Cora’s previous gems is the 'Sundrop' diamond, an extraordinary 110-carat fancy vivid yellow pear shape, the largest known vivid yellow pear shaped in the world that was exhibited at the London Museum of Natural History.