Blue Magic Diamond

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Lareef A Samad B.Sc. (Hons)

Origin of Name

The name "Blue Magic" for the diamond seems to emphasize the rare fancy vivid blue color of the diamond, the highest color grading for a blue diamond, which is an extremely rare occurrence. The phenomenon of blue diamonds is an extremely rare occurrence in nature; on top of that to have a fancy vivid blue diamond, the highest color grading for any color, becomes a "rarest of the rare" occurrences in nature. The sight of the diamond even on a photograph is breathtaking, talk less of having a first hand experience in viewing the diamond, whose beauty would be unimaginable.

Blue Magic diamond set in an 18-carat white gold ring

Blue Magic diamond set in an 18-carat white gold ring

© Christie's

Characteristics of the diamond

The 4Cs of the diamond

The GIA certificate issued for this diamond on June 19, 2001, states, that it has a modified pear-shaped cut, with a weight of 12.02 carats. The diamond is further stated to be a naturally colored, fancy vivid blue diamond, with a clarity of VVS-2, only slightly less than internally flawless. The dimensions of the diamond are 21.42 x 11.61 x 7.76 mm

 

Overall position occupied by the Blue Magic Diamond in the table of blue diamonds

The Blue Magic diamond occupies the 23rd position, in the list of known famous blue diamonds in the world, given below. It is the 8th largest pear-shaped blue diamond in the world, after the first seven pear-shaped diamonds, which are in order, the Tereschenko, Graff Imperial Blue, the 31.93-carat Cornflower Blue, Transvaal Blue, Graff Blue Ice, Blue Empress and Brunswick Blue diamonds. It may also be the 4th largest fancy vivid blue diamond in the world, after the Blue Heart, Heart of Eternity, and Sam Abram fancy vivid blue diamonds, if the color gradings of all diamonds in the table below are accurate.

 

List  of known famous blue diamonds in the world arranged in descending order of carat weights

S/N

Name

Price realized at Auction/Value when last sold Country/Period of Origin

Carat weight

Cut/Shape

Color/

Clarity

1 Unnamed cushion-cut blue diamond Cut from a 704.56-carat rough diamond Valued between $45-50 mill. 261.00 Cushion-cut fancy blue
2 Unnamed brilliant 51.84 Round-brilliant fancy blue
3 Copenhagen Blue diamond Named in honor of an exhibition in Copenhagen in 1960 Jagersfontein Mine, South Africaa 45.85 Emerald-cut fancy blue
4 Hope diamond

Over $300,000 in 1911. Current estimate $200-$250 mill.

Golconda, India 1663-68 45.52 Antique-cushion brilliant fancy dark grayish- blue/VS1
5 Tereschenko $4.6 mill. Christie's Genv. sale Nov.1984 Golconda, India 42.92 Pear-shaped fancy blue
6 Graff Imperial Blue Guinea 39.81 Pear-shaped fancy light blue/IF
7 Crown of Charlemagne Last sold by Harry Winston in 1967 37.05 Old-European cut fancy light blue
8 Wittelsbach-Graff $24.3 mill. Gloconda, India 35.56 /31.06 Cushion-shaped fancy deep blue/IF
9 Sultan of Morocco $250,000 in 1972, Private sale Golconda,India 35.27 Cushion-cut fancy grayish blue
10 Cornflower Blue diamond-1 Sold by Harry Winston in 1969, later re-purchased and sold to a Middle eastern client in 1971. Premier Mine, S.A. 31.93 Pear-shaped fancy blue
11 The Blue Heart or Eugenie Blue $300,000 in 1953. Sale by Van Cleef & Arpels after change of setting Premier Mine, S.A. 30.62 Heart-shaped fancy vivid blue
12 Blue Lili Premier Mine, S.A. 30.06 Tapered cushion-cut fancy intense blue
13 The Heart of Eternity Premier Mine, S.A. 27.64 Heart-shaped fancy vivid blue/VS2
14 Transvaal Blue Premier Mine, S.A. 25.00 Pear-shaped fancy blue
15 Sam Abram Fancy Blue diamond $9.9 mill. Soth.NY. Oct 1994 Premier Mine, S.A. 20.17 Emerald-cut fancy vivid blue/VS2
16 Graff Blue Ice Diamond Premier Mine, S.A. 20.02 Pear-shaped fancy deep blue
17 The Blue Empress Premier Mine, S.A. 14.00 Pear-shaped fancy blue
18 The Begum Blue $7.75 mill. Christie's Geneva. November 1994 Premier Mine, S.A. 13.78 Heart-shaped fancy deep blue
19

Brunswick Blue-1

Previously believed to have been cut from the French Blue diamond

Part of the Duke of Brunswick collection of jewels sold in 1874 Golconda, India 13.75 Pear-shaped fancy blue
20 Cut-cornered rectangular mixed-cut blue diamond

$8.87million

Christie's Geneva, May 2008

Premier Mine, S.A. 13.39 Cut-cornered rectangular mixed-cut fancy intense blue
21 Marquise-cut fancy blue diamond $7.6 million Christie's Hong Kong, May 2011 Premier Mine, S.A. 13.39 Marquise-cut fancy blue/VVS2
22 Cornflower Blue diamond-2 Set in a ring and sold by Harry Winston in 1969 Premier Mine, S.A. 12.39 Round brilliant fancy blue
23 The Blue Magic Premier Mine, S.A. 12.02 Modified pear-shaped fancy vivid blue/VVS2
24 Bulgari Blue $15.7 mill. Christ.NY Oct.2010 Premier Mine, S.A. 10.95 Triangular-shaped fancy vivid blue
25 Christie's N.Y. April 2007 $2..4 million 9.39 Cushion-cut fancy grayish blue
26 Sotheby's HK. Oct. 2009 $5.7 mill.Soth.HK. Premier Mine, S.A. 8.74 Emerald-cut fancy intense blue/VVS1
27 Christie' Geneva, Dec.1999 $3.2 million Premier Mine, S.A. 7.96 Pear-shaped fancy vivid blue/VS1
28 Soth. Geneva May 2010 $8.03 mill. Premier Mine, S.A. 7.64 Cushion-cut fancy intense blue/VVS2
29 Christie's Hong Kong. April 2002 $2.6 mill. Premier Mine, S.A. 7.15 Pear-shaped fancy vivid blue
30 Petra Blue/Star of Josephine $9.5 mill. Soth. Geneva. May 2009 Premier / Cullinan/Petra Mine.S.A. 7.03 Cushion-cut fancy vivid blue/IF
31 Brunswick Blue-2 Part of the Duke of Brunswick collection of jewels sold in 1874 Premier Mine, S.A, 6.50 Pear-shaped fancy blue
32 Christie's New York $3.6 mill Premier Mine, S.A. 6.29 Pear-shaped fancy intense blue
33 Graff Blue diamond Premier Mine, S.A. 6.19 Pear-shaped fancy intense blue
34 Moussaieff Jewelers unnamed blue diamond $7.98 mill Sotheby's HK, Oct.2007 Premier Mine, S.A. 6.04 Emerald-cut fancy vivid blue
35 Sotheby's HK, Oct.2011 $10.1 mill. Soth.HK. Premier Mine, S.A. . 6.01 Cushion-cut fancy vivid blue
36 Sotheby's Geneva, Nov.2009 $7.5 mill Premier Mine, S.A. . 5.96 Pear-shaped modified brilliant fancy vivid blue
37 Christie's Geneva, Dec.1999 $1.13 mill. Premier Mine, S.A. 5.80 Pear-shaped fancy intense blue/IF
38 Marie Antoinette Blue diamond Set in a ring said to have belonged to Marie Antoinette. Last offered for sale in1983 but not sold

Golconda,India

5.46 Heart-shaped fancy grayish-blue
39 De Beers Millennium Blue, Jewel II- Apr.2010 Sotheby's HK $6.4 mill. Soth.HK.

Premier Mine, S.A.

5.16 Pear-shaped fancy vivid blue/IF
40 toi et moi ring - Soth. Geneva May 2010 $6.32 mill. Premier Mine, S.A.

5.02

5.42

Pear-shaped

Pear-shaped

fancy vivid blue

D-color

41 Christie's Geneva, Dec.1999 $1.24 mill. Premier Mine, S.A. 4.77 Circular-cut fancy deep blue/VS2
42 Soth. Geneva. Nov,2007 $4.7 mill Premier Mine, S.A. 4.16 Pear-shaped fancy vivid blue/
43 Bulgari Blue $2.97 mill. Bonhams Lond. 2011 Premier Mine, S.A. 3.78 Pear-shaped fancy vivid blue
44 Soth. Geneva May 2008 $4.96 mill Premier Mine, S.A. 3.73 Pear-shaped fancy vivid blue
45 Aleks Paul of Essex Global Trading $3.6 mill Christie's NY Apr. 2011 Premier Mine, S.A. 3.25 Square Emerald cut fancy vivid blue/IF
46 Christie's NY Oct.2011 $2.7mill Premier Mine, S.A. 3.21 Modified Pear-shape fancy vivid blue
47 Sotheby's NY. Apr. 2011 $3.27 mill. Premier Mine, S.A. 3.18 Marquise-cut fancy vivid blue /IF

©Internet Stones.com

Please do not copy our tables without our permission. We may be compelled to inform the search engines if our content and tables are plagiarised.

 

The Blue Magic Diamond is a rare Type IIb diamond

The Blue Magic diamond is a rare Type IIb diamond, whose occurrence is less than 0.1 % of all naturally occurring diamonds. The diamond is Type II, because it is nitrogen-free or contains undetectable quantities of nitrogen. Type II diamonds diamonds are again divided into two :- Type IIa and Type IIb.

Type IIa - These diamonds are not only free of nitrogen but also free of all other chemical impurities, such as boron and hydrogen. Being free of impurities, these diamonds are absolutely colorless. The D-F grade of diamonds may belong to this group. They constitute about 1-2 % of all naturally occurring diamonds. However, a very small percentage of these diamonds, perhaps lees than 0.1 % might have undergone plastic deformation in their crystal structure or might have been exposed to natural irradiation over a long period of time. Plastically deformed crystals have rare fancy colors, such as red, purple, and pink, and also brown color. Naturally irradiated crystals, have a green color

Type IIb - These diamonds are free of nitrogen, but instead contain trace quantities of another impurity, boron, which imparts a blue color to the diamonds. All naturally colored blue diamonds fall under this group, including the Blue Magic diamond. A peculiar property of blue diamonds is, that they are semi-conductors, unlike other diamonds which are non-conductors of electricity. The occurrence of blue diamonds is less than 0.1 % of all naturally occurring diamonds.

The Blue Magic Diamond removed from its ring setting
The Blue Magic Diamond removed from its ring setting

© Christie's

 

History

Early history of the diamond not known

The early history of the diamond, such as country and mine of origin, date of discovery, original owners of the diamond, persons involved in the cutting etc. are all unknown. However, an indication of the country and mine of origin can be obtained from the approximate period of appearance of the diamond, given the fact that sources of blue diamonds in the world are very limited.

 

Existence of the Blue Magic Diamond first revealed in 2001

The existence of the Blue Magic Diamond was first revealed to the outside world, when its anoymous owner entrusted Christie's to put it up for auction at its "Simply Blue" Sale 1289, held in Geneva on November 13, 2001. The 12.02-carat, modified pear-shaped, fancy vivid blue diamond, was set as the centerpiece of a white gold ring, with a tapered baguette cut diamond mounted on either side on the shoulders of the ring. A pre-sale estimate of US$ 5-6 million was placed on the ring, but was however withdrawn from the sale, as it did not realize it's reserve. Since then the diamond has not come up for auction again, and probably still remains the property of the anonymous owner who put it up for auction in 2001, unless of course the diamond was not disposed of by a privately negotiated sale. Given the fact that the diamond first made its appearance at the beginning of the 21st century, undoubtedly shows that the diamond is of 20th century origin.

 

The original source of blue diamonds in the world was the Kollur mines of Golconda

Historically, the original source of blue diamonds was the Kollur mines near Golconda, in the Southern Indian State of Andhra Pradesh. Golconda was a fortress city, now ruined, lying 8 Km west of Hyderabad City, in North-Central Andhra Pradesh State of Southern India. It was the Capital of the Qutub Shahi Kingdom from 1512 to 1687, one of the five Muslim Sultanates of the Deccan. This was also the period, when the Kollur mines, discovered in the early 16th century, had peak production outputs, as witnessed by Tavernier himself, when he visited Golconda in 1642. Around 20 highly productive mines, employing over 60,000 people were in active production during Tavernier's visit.

The ruined Fortress of Golconda

The ruined Fortress of Golconda

Photo above CC


Another view of the ruined fortress of Golconda

Another view of the ruined fortress of Golconda

Photo above CC


Ruined palaces of the Golconda Fortress

Photo above CC

The territory of Golconda lies between the lower reaches of the Godavari and Krishna rivers, and extended to the Bay of Bengal coast. In 1687, the ruling dynasty of Qutub Shahis was overthrown by the Mogul Emperor Aurangzeb, and Golconda was annexed to the Mogul Empire (1526-1857). The Golconda fortress is 3 miles in circumference, with concentric masonary-block walls. Palaces, mosques, and the Qutub Shahi tombs still remain in-tact. The diamonds seem to have been derived from the conglomerate rocks of the nearby hills. The diamond mines known as the Kollur mines, were actually situated around 100 miles east of Golconda, on the right bank of the Krishna river, west of Chintapilly. All diamonds discovered in the Kollur and other mines in the area found their way to the diamond market in the city of Golconda, which was also patronized by foreign nationals such as Persians and Europeans. Several historically important diamonds such as the Hope, Darya-i-Nur, Nur-ul-Ain,  Tereschenko, Dresden Green, Shah, Shah Jahaan, Idol's Eye etc. seem to have originated in these mines.

premier-diamond-mines-before-1945

Extensive open-pit mining at the Premier Diamond Mines circa 1918

The present day source of blue diamonds are the Premier/Cullinan/Petra Diamond mines of Transvaal, South Africa

The Indian deposits of diamonds including the blue diamonds are now completely exhausted, and the present day source of blue diamonds is mainly the Premier diamond mines in Transvaal, South Africa. The Blue Magic diamond, being a 20th century diamond, also seems to have originated in these mines. The eleven extremely rare blue diamonds that formed part of the De Beers Limited Edition Millennium Diamonds Collection, exhibited at the Millennium Dome throughout the year 2000, were all sourced from the Premier diamond mines in South Africa.

photo-of-premier-diamond-mines-taken-in-2011

Photograph of Premier Diamond Mine taken by Paul Parsons in May 2011

Photo above CC


De Beers Millennium Blue Diamonds

The eleven De Beers Millennium Blue Diamonds exhibited at the London's Millennium Dome

 

The occurrence of blue diamonds is much less than 0.1%

The occurrence of blue diamonds is said to be extremely rare, but if this statement is to be quantified a statistical analysis of the production of blue diamonds in the Premier mines becomes necessary. It is said that only one significant blue diamond is produced per year out of all the Premier diamond mines rough diamond production for an year. This will be much less than 0.1 %. If for example a 10 carat blue diamond was produced in an year when the total production was approximately one million carats, the percentage production works out to 0.001%. For pink diamonds the percentage production is even lower than that for blue diamonds. In the Argyle mines in Western Australia, only a single carat of pink diamond is produced for every one million carats of rough diamonds. This works out to an astonishingly low percentage of 0.0001 % !!!

 

Rare blue diamond breaks world record at Sotheby's auction in Hong Kong-October 8th 2007.

The best blue diamonds surpass all other gems for their sheer beauty. It is a combination of color, brilliance and rarity that makes blue diamonds so special. Blue diamonds are greatly admired and eagerly sought after by collectors and connoisseurs of diamonds. As such there is little wonder that a rare blue diamond weighing only 6.04 carats (Diamond No. 34 in the above table) is reported to have broken the 20-year old world record for price per carat, held by the "Hancock Red" diamond. The record-breaking sale took place at a Sotheby's auction in Hong Kong, held on Monday, October 8th, 2007. The internally flawless, fancy vivid blue diamond, belonging to a private Asian collector fetched a price of US$ 7.98 million at the auction, which works out to a record-breaking price of US$ 1.32 million per carat. The diamond was purchased by Moussaieff Jewelers of London. The previous record held by the "Hancock Red" diamond was U. S. $ 926,000 per carat, and was purchased by the agents of the Sultan of Brunei, at a Sotheby's auction held in 1987. The Hancock Red actually had a weight of only 0.95 carats, and sold for U.S. $ 880,000. This works out to a price of U.S.$ 926,000.

6.04-carat, fancy vivid blue diamond sold at Sotheby's Hong Kong in October 2007 for a record-breaking US$ 7.98 million

6.04-carat, fancy vivid blue diamond sold at Sotheby's Hong Kong in October 2007 for US$ 7.98 million sets a record-breaking price-per-carat of US$ 1.32 million

 

You are welcome to discuss this post/related topics with Dr Shihaan and other experts from around the world in our FORUMS (forums.internetstones.com)

Back to Famous Diamonds

 

Related :-

Begum Blue Diamond

Blue Empress Diamond

Heart of Eternity Diamond

Blue Heart Diamond

Blue Lili Diamond

 

References :-

1) Christie's Simply Blue Sale - Sale 1289. Geneva, November 13, 2001 -www.christies.com

2) The Blue Empress Diamond - www.internetstones.com

3) Golkonda - From Wikipedia, the free encyclopedia

4) Premier Mine - From Wikipedia, the free encyclopedia

 


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