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Call Beverly Hills Diamonds at: 1 (800) 453-8831 for all your diamond needs.
THE CHLOE DIAMOND
The Chloe Diamond is 84.37 Carats, Brilliant Cut, White (D color), Has a topmost clarity grade of IF, and the cut, polish and symmetry were all graded excellent.
It is the largest diamond of it kind known today. And the second-highest price ever paid at auction for a diamond, second only to the 100.10 carat "Star of the Season" diamond, which went for $16.5 million in May 1995. It brought the highest price per carat for a white diamond at auction, $191,980, according to Sotheby's, where the diamond was placed at auction.
Sotheby's is the world's oldest international auction house in continuous operation. The auction house was founded in London, England on March 11, 1744 by Samuel Baker to auction off a collection of books and literature belonging to Sir John Stanley, which sold for a few hundred pounds. Well over two centuries later, on December 6, 1983, Sotheby's sold a single book, The Gospels of Henry the Lion, for more than 8 million pounds. Sotheby's expanded into fine art, and then into the international market before any of their competitors. One of the house's first jewelery auctions, held on the shores of Lake Geneva in 1987, was the sale of the jewels of the Duchess of Windsor. In an intensely competitive environment, bids via satellite from New York vied with bids from a celebrity audience and from phone buyers around the world. In 2000, Sotheby's became the first international art auction house to hold auctions on the Internet. Sothebys.com was the venue for some dramatic and unprecedented successes, such as the sale of a first printing of the Declaration of Independence for more than $8 million, 21 panels of the historic Boston Garden floor, and a masterwork by Frederick, Lord Leighton. In addition, Sotheby's opened its traditional salesroom auctions to Internet bidding through the eBay Live Auctions service. Although no longer an auction venue, Sotheby's website remains a vital tool for the dissemination of information and news about the auction house worldwide, and select sales are open for bids via the Internet.
The 365 carat rough diamond was purchased from Angola's national diamond company, Endiama, two years ago and was cut and polished into it's current state by artisans at Clean Diamonds, Inc., whose CEO is Ron Cohen, owner of Beverly Hills Diamonds. Both located in the Los Angeles diamond district.
The white diamond already has been showcased in Hong Kong, Paris, New York, Rome, Los Angeles, London, Dubai and Bahrain.
The Kimberly Process was respected at every stage for the gem. The Kimberly Process Certification Scheme, popularly known as KPCS is a process designed to certify the origin of rough diamonds from sources which are free of conflict. The process was established in 2003 to prevent rebel groups and their rivals from financing their war aims from diamond sales. The certification scheme aims at preventing these "blood diamonds" from entering the mainstream rough diamond market. It was set up with the aim of assuring the consumers that by purchasing diamonds they were not financing war and human rights abuses. The KPCS is essentially a self-enforced mechanism. Supervision of the process is done by the Chair, elected on an annual basis at a plenary meeting. A Working Group on Monitoring monitors each participant to ensure that it is implementing the scheme correctly. The Working Group reports to the Chair. Other working groups include the Technical Working Group (or Working Group of Diamond Experts) which reports on difficulties in implementation and proposed solutions, and the Statistics Working Group, which reports diamond trading data. The Participation Committee reports to the Chair on its recommendations on proposed members hoping to join the KPCS. The Selection Committee reports on its recommendations on who should be the next Vice-Chair. After a year of being Vice-Chair, the successful candidate becomes the Chair. As of November 2007, as many as 48 countries are participating in KPCS. The new entrants are Turkey and Liberia, in addition to Congo which has been re-admitted in 2007. It may be noted that Burkina Faso, Cameroon, Egypt, Mali, Mexico and Tunisia attended the Brussels Plenary 2007 and affirmed their intention to join the Kimberley Process. Also, Bahrain, Cape Verde, Gabon, Swaziland and Zambia have expressed their interest in future participation. The KPCS has been able to bring most of world's trade under its control. Within only few years it has asserted an effective body of global governance. It has been estimated that trade outside KPCS has become significantly low.
The Diamond was left unnamed until purchased at auction. The winning bidder was Georges Marciano, founder of Guess? Jeans. Marciano named the diamond The Chloe Diamond, after his twelve year old daughter Chloe.
Call Beverly Hills Diamonds at: 1 (800) 453-8831 for all your diamond needs.
THE CHLOE DIAMOND
The Chloe Diamond is 84.37 Carats, Brilliant Cut, White (D color), Has a topmost clarity grade of IF, and the cut, polish and symmetry were all graded excellent.
It is the largest diamond of it kind known today. And the second-highest price ever paid at auction for a diamond, second only to the 100.10 carat "Star of the Season" diamond, which went for $16.5 million in May 1995. It brought the highest price per carat for a white diamond at auction, $191,980, according to Sotheby's, where the diamond was placed at auction.
Sotheby's is the world's oldest international auction house in continuous operation. The auction house was founded in London, England on March 11, 1744 by Samuel Baker to auction off a collection of books and literature belonging to Sir John Stanley, which sold for a few hundred pounds. Well over two centuries later, on December 6, 1983, Sotheby's sold a single book, The Gospels of Henry the Lion, for more than 8 million pounds. Sotheby's expanded into fine art, and then into the international market before any of their competitors. One of the house's first jewelery auctions, held on the shores of Lake Geneva in 1987, was the sale of the jewels of the Duchess of Windsor. In an intensely competitive environment, bids via satellite from New York vied with bids from a celebrity audience and from phone buyers around the world. In 2000, Sotheby's became the first international art auction house to hold auctions on the Internet. Sothebys.com was the venue for some dramatic and unprecedented successes, such as the sale of a first printing of the Declaration of Independence for more than $8 million, 21 panels of the historic Boston Garden floor, and a masterwork by Frederick, Lord Leighton. In addition, Sotheby's opened its traditional salesroom auctions to Internet bidding through the eBay Live Auctions service. Although no longer an auction venue, Sotheby's website remains a vital tool for the dissemination of information and news about the auction house worldwide, and select sales are open for bids via the Internet.
The 365 carat rough diamond was purchased from Angola's national diamond company, Endiama, two years ago and was cut and polished into it's current state by artisans at Clean Diamonds, Inc., whose CEO is Ron Cohen, owner of Beverly Hills Diamonds. Both located in the Los Angeles diamond district.
The white diamond already has been showcased in Hong Kong, Paris, New York, Rome, Los Angeles, London, Dubai and Bahrain.
The Kimberly Process was respected at every stage for the gem. The Kimberly Process Certification Scheme, popularly known as KPCS is a process designed to certify the origin of rough diamonds from sources which are free of conflict. The process was established in 2003 to prevent rebel groups and their rivals from financing their war aims from diamond sales. The certification scheme aims at preventing these "blood diamonds" from entering the mainstream rough diamond market. It was set up with the aim of assuring the consumers that by purchasing diamonds they were not financing war and human rights abuses. The KPCS is essentially a self-enforced mechanism. Supervision of the process is done by the Chair, elected on an annual basis at a plenary meeting. A Working Group on Monitoring monitors each participant to ensure that it is implementing the scheme correctly. The Working Group reports to the Chair. Other working groups include the Technical Working Group (or Working Group of Diamond Experts) which reports on difficulties in implementation and proposed solutions, and the Statistics Working Group, which reports diamond trading data. The Participation Committee reports to the Chair on its recommendations on proposed members hoping to join the KPCS. The Selection Committee reports on its recommendations on who should be the next Vice-Chair. After a year of being Vice-Chair, the successful candidate becomes the Chair. As of November 2007, as many as 48 countries are participating in KPCS. The new entrants are Turkey and Liberia, in addition to Congo which has been re-admitted in 2007. It may be noted that Burkina Faso, Cameroon, Egypt, Mali, Mexico and Tunisia attended the Brussels Plenary 2007 and affirmed their intention to join the Kimberley Process. Also, Bahrain, Cape Verde, Gabon, Swaziland and Zambia have expressed their interest in future participation. The KPCS has been able to bring most of world's trade under its control. Within only few years it has asserted an effective body of global governance. It has been estimated that trade outside KPCS has become significantly low.
The Diamond was left unnamed until purchased at auction. The winning bidder was Georges Marciano, founder of Guess? Jeans. Marciano named the diamond The Chloe Diamond, after his twelve year old daughter Chloe.
Call Beverly Hills Diamonds at: 1 (800) 453-8831 for all your diamond needs.
Guide created: 11/18/07 (updated 08/12/08)
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