ponahalo

Ponahalo Diamonds Sold For Over $6 Million

Filed under: Jewelry

Prices for top-quality, unpolished diamonds may be falling but a pair of big sparklers did quite well at Christie's today. The Ponahalo diamonds, two rectangular cut stones, of approximately 102 and 70 carats brought in a total of $6.16 million. They sold to a Middle Eastern buyer at Christie's in New York. The bids came in anonymously over the telephone but after the buy, the buyer, Mr Amer Radwan of Dubai asked that the auctioneer reveal his name.

A portion of the proceeds from the sale of the Ponahalo diamonds will be donated to Russell Simmons' Diamond Empowerment Fund, benefiting educational programs in Africa.

Gisele Bundchen's jewels also did fairly well. Her yellow diamond ring which had a high estimate of $20,000 went for $30,000.

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Tags: diamonds, gisele bundchen, GiseleBundchen, ponahalo

Ponahalo Diamonds Up For Sale

by Deidre Woollard (RSS feed) —

Filed under: Jewelry

A couple of big diamonds will be showing up at Christie's during their October 15 Jewel sale in New York, Two rectangular cut stones, of approximately 102 and 70 carats diamonds will be sold. They were cut from the Ponahalo diamond, a 316-carat stone which came from the De Beer's Venetian mine in South Africa. The name comes from the word for vision in Sotho, the language spoken by the Venda tribe which lives in the area.

The Ponahalo yielded four polished diamonds and one which was left rough. The two being sold at Christie's are the biggest two. National Jeweler reports that a portion of the proceeds from the sale of the Ponahalo diamonds will be donated to Russell Simmons' Diamond Empowerment Fund, benefiting educational programs in Africa.

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Tags: auction, christies, de beers, DeBeers, diamonds, ponahalo