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Genesis Rare Diamonds Sells 15-Ct. Asscher Cut for $3M

DBC Member Genesis Rare Diamonds, in the News!

Genesis Rare Diamonds (Ontario) Ltd., sold a 15.10-carat, D, flawless, Asscher cut diamond to a client in Canada for  $3.3 million.asscher cut

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. Negotiating the transaction was “a tedious and complicated affair,” Kushner said, however, “both seller and buyer acting reasonably agreed upon a price acceptable to both parties and the transaction was concluded on October 22, 2013.”

The diamond’s Gemological Institute of America (GIA) grading report disclosed “excellent” cut with “excellent” symmetry and no florescence and classified the stone as type IIa, according to Genesis.

“The aesthetic beauty of this extremely rare and valuable diamond is a testament to the individual who painstakingly cut and polished this ‘miracle of nature,’” said Kushner.

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