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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
    19
    Feb
    2013
    7:55pm, EST

    Robbers snatch $50 million of diamonds off plane in Belgium

    Mozkito / Photonews via Getty Images

    Firemen extinguish the burnt out remains of the van used in the heist near Brussels Airport on Feb. 18, 2013 in Zaventem, Belgium. Using a van and car to break down the security fence a gang of robbers stole diamonds estimated to be worth 50 million euros from a security van.

    By Raf Casert, The Associated Press

    (Editor's note: An earlier version of this article led to a correction)

    Eight armed and masked men made a hole in a security fence at the international airport in Brussels, Belgium, drove onto the tarmac and snatched millions of dollars' worth of diamonds from the hold of a Swiss-bound plane without firing a shot, authorities said Tuesday.

    The gang used two vehicles in their daring raid Monday, dragged the cache of stones and sped off into the darkness, said Anja Bijnens, spokeswoman for the Brussels prosecutor's office.

    Police found a burnt-out vehicle close to the airport later Monday night and said they were still looking for clues.

    The heist was estimated at some $50 million in diamonds, said Caroline De Wolf of the Antwerp World Diamond Centre.

    "What we are talking about is obviously a gigantic sum," De Wolf told VRT network.

    The thieves targeted a diamond transfer at an airport in Brussels, cutting a hole in a security fence then making a beeline for a delivery van that was loading a plane with the diamonds. NBC's Keir Simmons reports.

    An airport spokesman said the robbers made a hole in the perimeter fence and drove up to the Swiss passenger plane, which was ready to leave.

    The robbers got out of the car, flashed their weapons and took the loot from the hold, said airport spokesman Jan Van Der Crujsse. Without firing a shot they drove off through the same hole in the fence, completing the spectacular theft within minutes, he said.

    Van Der Crujsse could not explain how the area could be so vulnerable to theft. "We abide by the most stringent rules," he said.

    The Swiss flight, bound for Zurich and operated by Helvetic Airways, was canceled. Swiss, an affiliate of Germany's Deutsche Lufthansa AG, declined to comment on the heist, citing the ongoing judicial investigation.

    The insurance for air transport — handled sometimes by airlines themselves or external insurance companies — is usually relatively cheap because it's considered to be the safest way of transporting small high value items, logistics experts say.

    Unlike a car or a truck, an airplane cannot be attacked by robbers once it's on its way, and it is considered to be very safe before the departure and after the plane's arrival because the aircraft is always within the confines of an airport — which are normally highly secured.

    Philip Baum, an aviation security consultant in Britain, said the robbery was worrying — not because the fence was breached, but because the response did not appear to have been immediate. That, he said, raised questions as to whether alarms were ringing in the right places.

    "It does seem very worrying that someone can actually have the time to drive two vehicles onto the airport, effect the robbery, and drive out without being intercepted," Baum said.

    That amount of time would also allow someone to board the plane, he said.

    A decade ago the Belgian city of Antwerp, the world capital of diamond-cutting, was the scene of what was probably one of the biggest diamond heists in history, when robbers took precious stones, jewels, gold and securities from the high-security vaults at Antwerp's Diamond Center, yielding loot that police in 2003 estimated to be worth about $100 million.

    Antwerp's Diamond Center stands in the heart of the high-surveillance diamond district where police and dozens of cameras work around the clock, and security has been beefed up further since the spectacular 2003 robbery.

    This story was originally published on Tue Feb 19, 2013 4:13 AM EST

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

    185 comments

    So much for the terrorism angle. If these guys can do the robbery, how does taking my belt off, my shoes off, being scanned and groped do any good? I do this for NO REASON except being controlled!

    Show more
    Explore related topics: europe, world, belgium, airport, heist, robbery, gems, diamond, brussels, featured, updated, crime-courts

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