Dubai, UAE – 17 October 2017: At a press conference during the 2017 Dubai Diamond Conference (DDC) hosted by DMCC (Dubai Multi Commodities Centre), Geneva-based jeweller and watchmaker, de GRISOGONO and British auction house, Christie’s presented “The Art of de Grisogono, Creation 1”, a high-end jewellery necklace featuring a 163.41-carat Flawless D-Colour diamond. The emerald-cut diamond is the largest ever to be presented at auction and will be sold at Christie’s in Geneva on 14th November, 2017.
In February 2016 de Grisogono’s strategic partner, Nemesis International acquired a 404-carat rough diamond, later termed ‘4 de Fevereiro,’ of exceptional quality from the Lulo Mine in Angola which is run by the listed Australian mining company, Lucapa Diamond Company.
In May 2016 Nemesis International entrusted de GRISOGONO with the marketing of the stone and also the responsibility of guiding the cutting and polishing process as part of their ongoing strategic partnership. This is a truly innovative approach, enabling the jeweller to be involved early in the process, overseeing the birth of the polished diamond and having an influence on how it should be shaped to fit into de GRISOGONO’s artistic vision. The mapping, cleaving, laser-cutting and polishing of the 404-carat rough by experts in New York resulted in a 163.41ct diamond, later categorized by the Gemological Institute of America (GIA), as D-colour and flawless.
Ahmed Bin Sulayem, Executive Chairman, DMCC, said: “When world-leading brands and industry pioneers like de GRISOGONO, Christie’s and Nemesis International choose Dubai as a launchpad for something as unique as “The Art of de Grisogono, Creation 1”, featuring a 163.41-carat Flawless D-Colour diamond, it says it all. Dubai has grown to become the destination for luxury brands and high-end jewellery enthusiasts and DMCC is delighted to be a part of this growth story”.
Fawaz Gruosi, Founder and Creative Directior, de GRISOGONO and his team were commissioned to create a jewellery masterpiece around this exceptional polished diamond.
Known for its daring creativity and exquisite attention to detail, de GRISOGONO, revealed ‘Creation I’, a magnificient asymmetric necklace set with the aforementioned 163.41 carat emerald-cut diamond as centerpiece, enhanced with emeralds and diamonds.
‘I was honored to have the opportunity to bring de GRISOGONO’s spirit to this unique diamond. ‘Creation I’ is the result of 9 months, 50 different design options and 1,700 hours of work in our Geneva atelier. The challenge was to pay tribute to the majesty of this historic stone, whilst crafting a wearable piece of jewellery of the utmost comfort and style’ said Fawaz Gruosi, Founder and Creative Director of de GRISOGONO.
With a diamond of this importance, a unique sales process is required. Having handled some of the world’s most valuable diamonds, Christie’s and de GRISOGONO have entered a partnership entitled The Art of de GRISOGONO, bringing this masterpiece to market.
Rahul Kadakia, International Head of Christie’s Jewellery commented: ‘Throughout our history, Christie’s has had the privilege of handling the world’s rarest and most historic diamonds. The sensational 163.41 carat perfect diamond, suspended from an elegant emerald and diamond necklace, propels de GRISOGONO into a class of its own.’
The Art of de GRISOGONO is touring the world for viewings. After the Hong Kong unveiling (28th September), it stopped in London, moving on to Dubai (17th – 19th October), followed by New York and culminating in Switzerland, where ‘Creation I’ will be the highlight of the auction season at the ‘Geneva Magnificent Jewel Sale’ on 14th November.
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Notes to Editors:
Key Facts – Almas Diamond Services Polishing Factory
- – The factory is located on the 2nd floor of Almas Tower, DMCC in Jumeirah Lakes Towers (JLT), Dubai
- – The size of the factory is 153 sq. meters inside; 175sq. meters outside
- – It took one year to construct
- – It is the first state of the art polishing factory in the UAE and region
- – Target turnover of 150 carats of rough diamonds per month; 3,000 carats within the first 2 yearsof operation
- – Cut and polishes high value rough diamonds (valued at 10,000 USD) and up
- – 7 Step Process from Rough Stone to Diamond:
o Windows are made by a Polisher o Inspected by an Engineer
o Laser sawing by an Operator
o Blocking by a Polisher
o Bruiting by an Operator (rounding the stone) o Second inspection by an Engineer
o Finished by a Polisher
- – Average turnover rate is 6 weeks
- – Offers IGI certification locally; GIA certification, finished diamonds will need to be sent to theUS.
- – Staff: 1 Engineer, 1 Operator, 3 Polishers, 1 Machine Maintenance Staff and 1 AdministrativeStaff. Plans to hire additional Polishers are in the pipeline
About Almas Diamond Services
Almas Diamond Services is a company based at the Dubai Multi Commodities Center (DMCC), offering a range of value added services to the diamond industry. Almas Diamond Services operates the only boiling facility located in Almas Tower DMCC and has a technology advanced lab allowing precise evolution of rough stones’ recovery potential.
Almas Diamond Services completes its offer of value added of services with the opening of its state-of- the-art diamond-polishing factory in Almas Tower DMCC.
About Nemesis International
NEMESIS INTERNATIONAL is a rough diamond trading company based at the Dubai Multi Commodities Center (DMCC), whose mission is to provide clients with a steady and adequately priced source of diamonds.
The NEMESIS team has brought together years of accumulated experience in evaluating the run of mine projects; of buying and trading in the international diamond markets; and of being part of large manufacturing projects, to develop of the most in depth diamond pricing systems ever produced for the diamond industry, ensuring the best value proposal to its customers.
More recently, the firm opened the first state of the art diamond polishing and cutting facility, Almas Diamond Services, in October 2017.
Headquartered in Dubai, DMCC is the world’s most interconnected Free Zone, and the leading trade and enterprise hub for commodities. Whether developing vibrant neighbourhoods with world-class property like Jumeirah Lakes Towers and the much anticipated Uptown Dubai, or delivering high performance business services, DMCC provides everything its dynamic community needs to live, work and thrive. Made for Trade, DMCC is proud to sustain and grow Dubai’s position as the place to be for global trade today and long into the future. www.dmcc.ae
Established in 1991, Sodiam (a subsidiary of Endiama EP) is the Angolan State-owned diamond marketing company that organizes and supervises the marketing and trading of Angolan diamonds in international markets. Sodiam’s position in Angola has been strengthened by its involvement in the consortium that established the Angolan Polishing Diamonds Company (APD), which was strategically formed by the government to increase its involvement in the diamond business. Sodiam is also responsible for the creation of the first diamond polishing factory in Angola in November of 2005.