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Pink Diamond Weighing 108.39 Carats Discovered at the Kao Mine

Storm Mountain Diamond 108 carat diamond
Storm Mountain Diamonds (SMD)has agreed to sell one of the world’s largest pink diamonds,
weighing 108.39 carats, to Antwerp-based Choron for an undisclosed price.
 
Storm Mountain Diamonds Pty Ltd SMD is Pleased to Announce That It Has Entered into an Agreement with Choron BV Choron for the Spectacular Pink Diamond Weighing 108.39 Carats Discovered at the Kao Mine in March 2023

108.39 carat of pure natural beauty

Storm Mountain Diamonds Pty Ltd SMD is pleased to announce that it has entered into an agreement with Choron BV Choron for the spectacular pink diamond weighing 108.39 carats discovered at the Kao Mine in March 2023. Recently, SMD secured a deal with Choron BV to manage this remarkable gem. In this article, we’ll look at the importance of this agreement and the unique characteristics of the diamond that make such partnerships newsworthy in the gem industry.

108.39 pink diamond

Key Takeaways

  • Storm Mountain Diamonds has entered into a significant agreement with Choron BV concerning a rare 108.39 carat pink diamond found at the Kao Mine, signaling a collaboration that will likely enhance both companies’ standing in the diamond industry.

  • The pink diamond’s unique characteristics, including a lack of impurities and its classification as a Type 2A diamond, combined with its substantial carat weight, set it apart as an exceptionally rare and valuable gem that has stirred excitement in the diamond market.

  • The strategic alliance between SMD and Choron BV promises not only to elevate the potential of the pink diamond but also emphasizes a commitment to ethical practices and the potential for wider economic benefits to the diamond industry and local economies.

Celebratory

Accord for the Kao Mine Gem

SMD has entered into a formal partnership with Choron BV, a key player in the diamond industry, pertaining to the striking pink diamond discovered at the Kao Mine. The discovery of this exceptional gem, weighing an impressive 108.39 carats, has undoubtedly raised the profiles of both companies.

Choron BV’s robust presence in the diamond industry involves a range of activities, from sourcing and assorting rough diamonds to manufacturing and selling polished diamonds and jewelry. The partnership with SMD signifies an exciting opportunity for both parties to showcase their skills and expertise in handling such a rare and valuable gem.

The agreement between SMD and Choron BV marks a pivotal moment in the diamond industry, as the two companies join hands to maximize the potential of this remarkable pink diamond. Both companies are pleased with this alliance, confident in the promise that it holds for the future.

This alliance goes beyond business; it rejoices in the outstanding quality and rarity of the pink diamond, sharing this marvel with the world. It’s a testament to the collaborative spirit of the diamond industry and the shared passion for exquisite gems that unites SMD and Choron BV.

A Gem of Exceptional Calibre: The Pink Diamond’s Notable Features
Kao Mine Gem

Image Credit: STORM MOUNTAIN DIAMONDS (Pty)Ltd.

Appreciating the allure of the remarkable pink diamond requires an exploration into its unique features. Pink diamonds owe their rarity to the distinctive geological conditions under which they form. Their vibrant hues are a result of specific lattice defects in their crystal structure, which absorb green light and reflect pink light.

Unlike many colored gems, the pink hue of these diamonds is not due to the presence of trace elements or impurities. Instead, the coloration is attributed to a distortion in the diamond’s structure. This characteristic, coupled with the pink diamond from the Kao Mine being classified as a Type 2A diamond, known for heightened brilliance and hardness, makes it a truly exceptional gem.

The leadership of both SMD and Choron BV have conveyed their enthusiasm about the alliance, given the extraordinary opportunity to work with a diamond of a substantial weight of 108.39 carats. This is certainly not an everyday occurrence in the diamond industry, making the partnership and the diamond itself even more significant. As they come on board with this collaboration, both companies are eager to make the most of this rare opportunity.

Indeed, the discovery of the pink diamond at the Kao Mine and the subsequent agreement between SMD and Choron BV underscore the extraordinary caliber of this gem. The diamond’s remarkable features have not only set it apart but also created a wave of excitement and anticipation in the diamond industry.

This spectacular pink diamond, more than a gem, embodies:

  • the ability of Mother Nature to craft beauty under extreme pressure over millions of years

  • a symbol of rarity

  • beauty

  • the extraordinary potential that lies beneath the earth’s surface.

The Strategic Alliance with Choron BV

Prompted by the unearthing of the historic 108.39ct Pink Diamond, the strategic alliance between SMD and Choron BV offers a promising venture for both entities. Choron BV, known for its handling of significant discoveries, is committed to showcasing the magnificence of this extraordinary diamond.

 

This alliance not only capitalizes on the potential of the pink diamond, but it also amalgamates the distinctive strengths and expertise of SMD and Choron BV. The anticipated advantages of this alliance extend beyond the diamond itself, promising significant opportunities in diamond production and trading.

 

Choron BV’s specialization in the manufacturing of exceptional rough diamonds distinguishes them as a leading player in the diamond industry. The members of both companies are excited about the partnership and the potential it holds, as they enter into a Choron BV agreement.

The affiliation of both SMD and Choron BV with the Responsible Jewelry Council underscores their commitment to responsible jewelry practices. This not only adds to the credibility of the partnership but also highlights their shared dedication to ethical business practices.

At its core, this strategic alliance transcends a mere business agreement—it embodies a commitment to unlock the potential of an extraordinary gem, maintain responsible practices in the diamond industry, and share a vision for a flourishing future.

Behind the Scenes: The Art of Diamond Valuation and Sales

Managing a gem of the stature of the 108.39 carats pink diamond necessitates profound knowledge in the art of diamond valuation and sales. The individuals tasked with this responsibility, including directors and other experts in their fields, are:

  • Diamond graders

  • Gem appraisers

  • Jewelry designers

  • Bench jewelers

  • Auction specialists

  • Gem manufacturers

 

The valuation of a diamond, especially one as distinctive and large as the pink diamond from the Kao Mine, depends on the following characteristics:

  • Carat weight

  • Color grade

  • Clarity grade

  • Quality of its cut

Each of these characteristics plays a crucial role in the diamond’s valuation, shaping its ultimate worth in the market.

diamond expert-the future of the diamond market

The shape and cut of a diamond are also pivotal to its valuation. The quality of the cut determines the diamond’s sparkle, with a poorly cut diamond often diminishing in value. Therefore, the expertise and precision required in handling a diamond of this caliber cannot be overstated.

After appraisal, the diamond embarks on the sales journey, which involves:

  • Obtaining a professional evaluation

  • Identifying an adept appraiser

  • Declaring sales intent

  • Analyzing the diamond’s qualities using the 4C’s

  • Confirming its purity and weight

  • Gauging the market for prospective buyers

This intricate process underscores the complexity and expertise involved in handling such an exceptional gem.

The Economic Impact of the Diamond Discovery

The unearthing of the 108.39 carats pink diamond at the Kao mine in Lesotho has already made a significant impact on the local economy. With the mine’s reputation enhanced, the local diamond mining industry has received a significant boost. The discovery has attracted attention and investment, leading to the creation of job opportunities.

Previous large diamond discoveries have had significant economic benefits, including:

  • Adding billions to the economy in South Africa and Canada, leading to improved living standards

  • Having a profound impact on the global diamond industry

  • Contributing a substantial amount to Africa’s economy annually

  • Providing employment to over 10 million individuals worldwide in the diamond value chain.

Estimated conservatively to be worth a minimum of $35 million, the 108.39 carats pink diamond discovered at the Kao mine underscores its considerable economic potential. This discovery is not just a treasure to the gemology world but also a boon to the local economy and the global diamond industry.

The Economic Impact of the Diamond Discovery

The unearthing of the 108.39 carats pink diamond at the Kao mine in Lesotho has already made a significant impact on the local economy. With the mine’s reputation enhanced, the local diamond mining industry has received a significant boost. The discovery has attracted attention and investment, leading to the creation of job opportunities.

Previous large diamond discoveries have had significant economic benefits, including:

  • Adding billions to the economy in South Africa and Canada, leading to improved living standards

  • Having a profound impact on the global diamond industry

  • Contributing a substantial amount to Africa’s economy annually

  • Providing employment to over 10 million individuals worldwide in the diamond value chain.

Estimated conservatively to be worth a minimum of $35 million, the 108.39 carats pink diamond discovered at the Kao mine underscores its considerable economic potential. This discovery is not just a treasure to the gemology world but also a boon to the local economy and the global diamond industry.

Summary

The remarkable discovery of the 108.39 carats pink diamond at the Kao Mine and the subsequent strategic alliance between SMD and Choron BV mark a significant milestone in the diamond industry. The unique features of the pink diamond, coupled with the shared vision and expertise of both companies, promise an exciting future for the diamond industry.

As we look ahead, we are reminded of the extraordinary potential that lies beneath the earth’s surface. The discovery of the pink diamond and the resulting partnership serve as a testament to the beauty, rarity, and economic potential that gems like these hold. It’s an exciting time in the diamond industry, and we look forward to what the future holds.

Irit Heimann

Irit Heimann

VP Of Online Marketing - MID House Of Diamonds

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