Dazzling Blue Moon Diamond sold by Cora International for $48.4 Million

NEW YORK, November 11, 2015 /PRNewswire/ --

Ehud Laniado, Chairman of Cora: This diamond is a true gift of nature 

Cora International LLC announced that the exceptional 12.03-carat Blue Moon Diamond has today been sold for a total price of $48.4 million. The rare, unique, fancy vivid blue moon diamond was sold after a highly competitive sales auction at Sotheby's Geneva (Switzerland).

     (Photo: http://photos.prnewswire.com/prnh/20151111/286466 )
Ehud Laniado, Chairman of Cora International LLC, said: "This diamond is a true gift of nature. The GIA (Gemological Institute of America) graded 400 blue diamonds and only four of the 400 were graded fancy vivid blue. So even amongst this extremely rare class of blue diamonds, to get one vivid blue, 12 carats, internally flawless, is really as rare as a 'blue moon.'"

"For five months our experts assessed the stone. Thirty models were created, and each cut differently until the perfect result achieved," says Laniado. "Afterwards, it took us three more months to bring the stone to its final spectacular shape using advanced technology and sophisticated tools. Jewelers have a chance to handle such a unique diamond once in a life time, perhaps, and we are delighted that Cora had the opportunity to have this experience."  

The Blue Moon Diamond was discovered in January 2014 at the historic Cullinan mine in South Africa. Obtained by Petra diamonds LTD as a 29.62 carat rough diamond, the stone was purchased by Cora International LLC in February 2014 for US $25,555,555 in a competitive bid. The diamond is an outstanding vivid blue with rare saturation, tone and clarity. Blue diamonds are among the rarest and most highly coveted of all diamonds. The stone is one of the most exceptional to be found at Cullinan mine, which is considered the most important source of blue diamonds in the world. The Blue Moon was exhibited at the Natural History Museum of Los Angeles County (NHM), in a special temporary exhibition in the museum's Gem Vault. The diamond has also been on display in other museums.

Cora International LLC: Headquartered on Fifth Avenue in New York City, Cora is a leading luxury brand and is considered one of the world's leading firms specializing in cutting large and important diamonds. Cora is known worldwide for its rare and unique diamonds of large sizes and vivid fancy colors.

About Cora: http://corainternational.com/

About Ehud Laniado: http://www.ehudlaniado.com/

For further information, please contact: Eran Yoels eran@rcspr.co.il , +972-524408020 

SOURCE Cora International LLC