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Famous Diamonds Series: The Premier Rose Diamond

17 Aug / 10
Famous Diamonds Series: The Premier Rose Diamond
This diamond weighs 137.02 carats and is one of the largest D-color Flawless diamonds in the world. In March 1978 the Premier Mine in South Africa, the mine that produced the 3106-carat Cullinan Diamond, discovered another remarkable diamond weighing 353.9 carats.

For reasons of security, the news of the finding of the diamond was not released for two months. After it had been disclosed, the press quickly began speculating about possible destinations for the diamond. Prince Rainier of Monaco was obliged to deny reports that he was planning to buy it as a wedding present for his daughter, Princess Caroline, who was getting married around the time of the diamonds discovery. The Johannesburg firm Mouw Diamond Cutting Works purchased it, naming it after Mrs. Rose Mouw.

The cutting was carried out in South Africa and produced three gems which became known as members of the Premier Rose family. The largest, which has retained the name Premier Rose, is a pear shape diamond weighing 137.02 carats. It was submitted to the Gemological Institute of America for certification where it received a D-color and Flawless clarity grade. It took 385 hours to cut, which due to the size of the finished stone. At the time it was then the largest stone of this quality to have been certified by the GIA. The weight of the Premier Rose makes it the fifth largest pear-shaped diamond in the world: the Star of Africa diamond being the first at 530.20 carats, the Millennium Star diamond being the second at 203.04 carats. The William Goldberg Diamond Corporation of New York handled the sale of the gems. The Premier Rose was sold in 1979 to an anonymous buyer for about $10,000,000; the sale of the two smaller diamonds followed shortly after. Recently, Robert Mouawad has added the Premier Rose to his great collection of important diamonds. The stone is now valued at over $10,000,000.
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