30ct Pink Diamond Garners Record Sum for SA Tender HouseJuly 14, 2023
BY: LEAH MEIROVICH
“A 29.52-carat pink diamond went for more than $8 million at South Africa-based Pioneer Diamond Tender House, the highest price for any stone the company has sold.
The fancy-vivid-pink, type II rough — named the Protea Pink after South Africa’s national flower of the same colour — raked in $271,307 per carat, Pioneer said Wednesday.
A junior mining company recovered the diamond from a deposit on the banks of the middle Orange River, according to Lyndon de Meillon, a shareholder in Pioneer. The stone is believed to come from a 90 million-year-old Lesotho kimberlite that broke off and made its way down the river, where it got trapped in a terrace approximately 500 kilometers from its original location, he explained.
“This unique diamond…once again showcased why the alluvial diamond deposits of South Africa represent the highest and most consistent value-per-carat diamond supply in the world,” de Meillon added.”