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    7
    days
    ago

    Huge colorless diamond goes for record $27 million

    Fabrice Coffrini / AFP - Getty Images

    A flawless clarity diamond weighing 101.73 carats sold at auction Wednesday in Geneva for $26.7 million.

    By Elaine Lies, Reuters

    A pear-shaped colorless diamond that is the largest ever offered at auction sold for a record of nearly $27 million in a Geneva auction, where records were also set for the prices of pearls and sapphires, auctioneer Christie's said. 

    The 101.73 carat "Winston Legacy" diamond, the centerpiece of the Magnificent Jewels auction, was bought by jewelry and watch firm Harry Winston for 25.9 million Swiss francs -- $26.7 million -- on Wednesday. 

    "Harry Winston acquired the most perfect diamond ever offered for sale at auction," said Rahul Kadakia, Head of Jewelry at Christie's Switzerland and Americas.

    The diamond was mined in Botswana and cut from a rough stone, weighing 236 carats. It took 21 months to polish, said Christie’s.

    The giant, 101-carat, flawless diamond got a record-breaking bid, and a new name, reports CNBC's Simon Hobbs.

     

    Copyright 2013 Thomson Reuters. Click for restrictions.

    182 comments

    Somebody got paid $27million for the diamond, but the kid who dug it out of the ground in Botswana was probably lucky to get a slice of bread and some clean water that day he found it.

    Show more
    Explore related topics: auction, diamonds, gems, christies
  • Updated
    8
    May
    2013
    10:08am, EDT

    31 detained over brazen $50M diamond heist at Belgian airport

    Mozkito / Photonews via Getty Images, file

    The burned-out remains of the van used in the Feb. 18 diamond heist are shown in Zaventem, Belgium. Using a van and car to break down a security fence, a gang of robbers stole diamonds estimated to be worth $50 million from a plane bound for Zurich. Police have now arrested 31 people.

    By Raf Casert, The Associated Press

    BRUSSELS - Authorities claimed a major breakthrough on Wednesday in their investigation of a spectacular $50 million diamond heist, detaining at least 31 people in a three-nation sweep some three months after robbers pulled off the theft with clockwork precision at Brussels Airport

    A Frenchman who is believed to have been one of the actual robbers at the airport was arrested in France, while six to eight people were detained in Geneva, and 24 in and around Brussels. Police did not indicate what the other suspects' roles might have been.

    What's more, police say they have proof that diamonds found in Switzerland were part of the cache that was spirited away in the brazen Feb. 18 robbery that ranks among the biggest diamond heists of recent times.

    After two months of investigation on some of the suspects, police moved in. Suspects in France and Switzerland were detained on Tuesday, and the following day Belgian police carried out a massive operation, with 250 police involved in 40 house searches.

    "In Switzerland, we have found diamonds that we can already say are coming from the heist, and in Belgium large amounts of money have been found. And the investigation is still ongoing," said Jean-Marc Meilleur, a spokesman for the Brussels prosecutor's office. He said police had also found luxury cars.

    Meilleur was scant on detail, yielding no clues how police got on the trail of the suspects. Authorities were expected to announce later Wednesday how many of the detainees would be charged and arrested.

    In Geneva, a police statement said that "a very important quantity of diamonds was seized" during the sweep "coming from the spectacular heist at Brussels airport." While Belgian authorities spoke of six detentions in Switzerland, Geneva police put it at eight, including a businessman and a lawyer. Authorities were alerted when suddenly a member of a major criminal organization appeared in their city. The value of the diamonds was still being estimated.

    It was the first breakthrough in a robbery that many had started comparing to an "Ocean's Eleven"-type Hollywood script for its clinically clean execution during which no one was injured.

    On a cold winter evening, the diamonds had been loaded on a plane bound for Zurich when robbers, dressed in dark police clothing and hoods, drove through a hole they had cut in the airport fence in two black cars with blue police lights flashing. They drove onto the tarmac, approached the plane, brandished machine guns, offloaded the diamonds, then made their getaway in an operation that barely took five minutes. Later that night, investigators found the charred remains of a van most likely used in the heist, but little else.

    The stolen parcels contained both rough and polished stones. The trail ran dry until the surprise announcement on Wednesday.

    Meilleur said that the man held in France is suspected to be one of the robbers. "This person has a very heavy judicial background in France and his extradition to Belgium has been requested."

    Belgian authorities said that about 10 of the 24 people detained in Belgium were known criminals. The suspects ranged in age from 30 to 50, they said.

    The diamond industry, too, was totally caught by surprise by Wednesday's developments. "But we can only be happy," said Caroline De Wolf, spokeswoman for the Antwerp World Diamond Center.

    The Associated Press contributed to this report.

    Related:

    • Robbers snatch $50 million of diamonds off plane

    This story was originally published on Wed May 8, 2013 6:40 AM EDT

    © 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    77 comments

    Oceans 31? What happen to 14-30?

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  • 3
    Dec
    2012
    9:57am, EST

    Gold and diamond rush fuels dreams in South American borderlands

    Jorge Silva / Reuters

    An aerial view shows an illegal mine in the jungle in southern Venezuela.

    Jorge Silva / Reuters

    An illegal miner or garimpeiro works in a mine close to the Ikabaru river in southern Venezuela.

    Jorge Silva / Reuters

    Rough diamonds are seen on the desk of a trader in his office in Santa Elena de Uairen in the south of Venezuela.

    In the triangle that connects Venezuela, Brazil and Guyana a huge number of illegal gold and diamond prospectors — garimpeiros — dream of changing their lives overnight by finding a huge bonanza. 

    Writing on Reuters' photographers blog, Jorge Silva describes his journey to document these remote mines: 

    We are just north of the Amazon Basin, riding a boat on the Ikabaru River. The passengers are people who buy gold and diamonds. They stop at each of the illegal mines that appear as craters on the river’s edge. They carry small weighing scales that seem very accurate, magnifying loupes, burners to melt the gold and separate the mercury, and some large spoons to collect it.

    They are also carrying bags full of cash.

    Jorge Silva / Reuters

    An illegal mine is seen in the southern Venezuelan state of Bolivar, near the border with Brazil.

    Jorge Silva / Reuters

    A man performs maintenance while sitting on the top of an Antonov An-2 aircraft before it departs with supplies to the mines, in the town of Ikabaru in the south of Venezuela.

    The appeal of working in illegal mining is enormous. Four grams of gold equal an average monthly wage in Venezuela. An ounce of the metal goes for over $1,700. The gold fever is understandable if you consider that an ounce used to sell for $250 ten years ago.

    But in these mines, and the towns around them, life is expensive. A bottle of water costs around $12, and a 250-liter tank of gasoline, which would cost just $5 in the rest of the country, here goes for up to $1,200. Venezuela is known for having the cheapest gasoline in the world.

    Masked men stole 70 gold bars from fishing boat in Curacao

    Those who can, work hard. They don’t know if they will be able to carry on. The government is threatening to clamp down on clandestine mining. Thousands of families and whole towns live off this activity, directly or indirectly.

    Jorge Silva / Reuters

    A garimpeiro digs with a pressure hose in Bolivar.

    Jorge Silva / Reuters

    Heavily armed guards hold their weapons outside a business licensed to buy rough diamonds and gold in Georgetown, the capital of Guyana.

    In a city nearby, a diamond buyer adjusted the gun on his waist while he greeted a miner who brought some “rocks.” He passionately explained that diamonds are the perfect currency. “You can carry thousands of dollars in the pocket of your pants without setting off any metal detector. There are no borders for them.”

    Back at the mine, Ramón walked exhausted at the end of his workday. His face, ravaged by the sun, was sprinkled with mud. When he smiled, a golden “R” became visible, inlaid in one of his front teeth. Read the full story.

    Jorge Silva / Reuters

    An miner named Ramon flashes a gold letter 'R' on his tooth as he smiles after working in a mine in Bolivar.

    Editor's note: Images taken in November, 2012 and made available to NBC News today.

    Follow @NBCNewsPictures

    •Sign up for the NBCNews.com Photos Newsletter

    12 comments

    The raping and pillaging of the Earth continues unabated...

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    Explore related topics: brazil, gold, venezuela, americas, mining, diamonds, guyana, world-news, featured
  • 15
    Nov
    2012
    7:19am, EST

    Man arrested with 220 diamonds in belly - South Africa police

    By Reuters

    JOHANNESBURG -- South African police have arrested a 25-year-old man suspected of attempting to smuggle 220 diamonds out of the country in his digestive tract through Johannesburg's main airport.


    Follow @NBCNewsWorld

    The Lebanese national bound for Dubai had swallowed $2.25 million worth of polished diamonds before he was stopped at a security checkpoint at Africa's biggest airport and then relieved of his concealed cargo, police said.

    "We used laxatives to remove the diamonds," police spokesman Paul Ramaloko said Thursday.

    In March, police arrested another Lebanese national who was attempting to smuggle $1.69 million worth of diamonds out of South Africa. 

    More world stories from NBC News:

    • As Taliban regroup, victims battle for 'free' Afghanistan
    • New 'intelligence' body set to fight trade in world's treasures
    • Understanding the beauty of Indonesia's 'Underwater Eden'
    • Q&A: Sex abuse scandal rocks the BBC
    • Casino mogul's GOP donations put spotlight on Macau
    • China's power transfer grinds on amid widespread indifference
    • Sweeping child abuse scandal shakes BBC, other UK institutions
    • West Bank's centuries-old olive harvest tradition under threat
    • On Twitter, pope to reach out to new followers

    Follow World News from NBCNews.com on Twitter and Facebook

     

    Copyright 2013 Thomson Reuters. Click for restrictions.

    37 comments

    Well, you know what they say: You can't eat just one!

    Show more
    Explore related topics: world, airport, south-africa, diamonds, weird-news, crime-courts

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