Wednesday, April 7, 2010

The Heart of Eternity

Introduction

"The Heart of Eternity" is the 6th largest blue diamond in the world. It is the rarest fancy blue diamond belonging to the category of the famous blue diamond of the world.

The heart of eternity diamond

History of the stone

"The Heart of Eternity" diamond originated in the Premier diamond mines of South Africa, the only major source of blue diamonds in the world today. The diamond originated in the 1990s.The heart of eternity is the sister stone of the Millennium Star which were both cut from the same stone. . The diamond was purchased by the Steinmetz Group. The master cutters of the Steinmetz Group headed by Nir Livant transformed the rough diamond into a perfect heart-shaped diamond weighing 27.64 carats. They worked round the clock for more than three years, cutting and polishing the diamonds, in order to get them ready for the ceremonial unveiling just before the onset of the new millennium. It formed the part of the rare collection of diamonds known as the DeBeers Millennium Jewels Collection. The Heart of Eternity", was unveiled to the world, at an impressive ceremony held in October 1999, at the headquarters of the Central Selling Organization in London, with top officials of the De Beers Company and the Steinmetz Group in attendance.

Origin of the stone’s name

"The Heart of Eternity" is the name given by the Steinmetz Group, to the 27.64-carat, rare blue diamond, cut in the form of a heart shape, by the master cutters of the Group headed by Nir Livant, and unveiled to the world, together with ten other blue diamonds and the Millennium Star, on the eve of the new Millennium and exhibited throughout the year 2000 at the Millennium Dome in London. The name seems to reflect not only the beautiful heart shape of the diamond, but also the eternal character of diamonds that have lasted for almost 3-4 billion years, and may continue to exist eternally till the end of time.

Characteristics of Diamond

"The Heart of Eternity" diamond is a 27.64-carat, fancy vivid blue diamond with a heart-shaped cut, and a color grading of VS-2. The estimated value of the diamond in the year 2000 was around $ 16 million, but the record-breaking sale of a 6.04-carat internally flawless blue diamond by Sotheby's of Hong Kong in October 2007 for $ 7.98 million, which works out to about $ 1.32 million per carat, shows the recent unprecedented demand for this rare variety of diamond.

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