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June 1998 Diamonds:News In the RedGoldberg cuts the "world's most important diamond" In a year when colored diamonds have danced in the media spotlight, another momentous event has propelled the importance of the rare gems. The William Goldberg Diamond Corporation has cut the largest red diamond ever graded by the GIA Gem Trade Lab, a 5.11-ct. stone cut from a piece of Brazilian rough weighing 13.90 carats. Goldberg acquired the rough in 1997 and studied it for several months before choosing its shield shape. "We cut it in a way that would bring out the most color," says Eve Goldberg. The stone "may be the world's most important diamond," according to fancy colored diamond expert Harvey Harris of Fancoldi in Ramat Gan, Israel. Fancoldi's 3.16-ct. round intense purplish-red diamond previously held the record as the largest known red diamond. The 5.11-ct. diamond has been sold to an unidentified collector for an undisclosed amount. by Stacey King
This 5.11-ct. red diamond, the largest ever graded by the Gemological
Institute of America, may be the world's most important diamond to date.
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