Leibish to unveil the Purple Orchid at the September HK Fair

Leibish &Co., a company delving in fancy colour diamond and colour diamond jewelry announced having polished the Purple Orchid diamond, a 3.37 carat Fancy Intense Pinkish Purple VS2 diamond The company would soon be presenting this rare $4 million diamond for the first time, at the upcoming September Hong Kong Jewellery and Gem Fair. Purple diamonds of this color and clarity almost never appear in nature in this color intensity and weight.

Originating in a South African mine, the owners of the diamond traveled to various diamond trading hubs to exhibit it and generate buyer interest. Leibish ‘s chief diamond buyer, Shmulik Polnauer, was informed that this discovery and flew to India to see it, where he entered into an agreement with the owners. Shmulik bought it in the rough at a size of over 4 carats.

The polishing was undertaken for four months, resulting into a very rare 3.37 carat Fancy Intense Pinkish Purple cushion shaped diamond with a VS2 clarity. As Leibish notes, the diamond colour is that of ‘a gorgeous radiant purple Orchid in full bloom’.

“The cause of purple in diamonds remains a mystery, which only adds to the glamour and attractiveness of diamonds like these” said Leibish Polnauer, President of Leibish & Co. “There is currently a huge demand for luxury items that are different and stand out, not something that everyone already has. There is nothing more unique on the market right now than color diamonds, and this incredible purple diamond is more than a cut above the rest. There are very, very few diamonds on the market above 3 carats with Purple as the main color, which is what makes this exquisite diamond so rare.” The unveiling of this diamond coincides with the purple orchid being he Pantone Color of the Year.

It is no wonder that Radiant Orchid is the Pantone color of year of 2014 – in their own words, “Radiant Orchid blooms with confidence and magical warmth that intrigues the eye and sparks the imagination. It is an expressive, creative and embracing purple—one that draws you in with its beguiling charm. A captivating harmony of fuchsia, purple and pink undertones, Radiant Orchid emanates great joy, love and health.”

Purple diamonds are found in 3 major areas in the world – in Russia, Brazil, and South Africa.