Genesis Rare Diamonds Sells 15.1-carat Diamond for $3.3 Million

Rapaport reported that Genesis Rare Diamonds (Ontario) Ltd. has sold a 15.1-carat, D, flawless, Asscher-cut diamond to a Canada-based client for $3.3 million. The client had been looking for such a diamond for about 20 years.

As quoted in the market news:

Jeff Kushner, the president of Genesis Rare Diamonds, said, ‘The buyer of the diamond, an existing client of Genesis, stated to us several years ago that she was seeking an Asscher cut, D color, internally flawless diamond of approximately 10 carats and that she has been searching for such a diamond for almost 20 years, but to her dismay she was unable to source one.’

Kushner explained that they attempted to source the diamond, but it was not until several weeks ago that they were finally contacted by one source with a perfect match.

Click here to read the full Rapaport report.