The Lola Diamond: A Comprehensive Guide

Introduction

The Lola Diamond is a dazzling gemstone that has captivated the world with its exquisite beauty and exceptional rarity. Named after the daughter of the legendary diamond trader Simon Frankel, this precious stone has become a symbol of luxury, elegance, and timeless value. This comprehensive guide will delve into the intriguing history, remarkable characteristics, and profound significance of the Lola Diamond.

Discovery and Origin

The Lola Diamond was discovered in 2002 at the Lulo Mine in Angola, a region renowned for producing extraordinary diamonds. The 129.8-carat rough diamond was unearthed by Zoe Saldanha, a member of the diamond mining crew. Saldanha named the diamond after Frankel's daughter, who had passed away a few years earlier.

Cut and Polish

The rough Lola Diamond was meticulously cut and polished over a period of months by master diamond cutters at the renowned William Goldberg Diamond Corporation in New York City. The final result was a breathtaking 59.8-carat radiant-cut diamond with exceptional clarity and brilliance.

Characteristics and Significance

The Lola Diamond is renowned for its exceptional qualities:

• Rarity: As an extremely rare diamond, the Lola Diamond ranks among the top 1% of all diamonds discovered worldwide.
• Carat Weight: At 59.8 carats, the Lola Diamond is one of the largest and most exceptional radiant-cut diamonds ever found.
• Clarity: Graded as Internally Flawless (IF) by the Gemological Institute of America (GIA), the Lola Diamond exhibits no visible inclusions under 10x magnification.
• Cut: The radiant cut, with its 70 facets, maximizes the diamond's brilliance and fire, creating a captivating visual spectacle.

History and Ownership

Since its discovery, the Lola Diamond has had a remarkable journey:

• 2002: Discovered at the Lulo Mine in Angola
• 2003: Cut and polished by William Goldberg Diamond Corporation
• 2004: Sold to a private collector for an undisclosed sum
• 2010: Resurfaced at an auction at Christie's in New York City, where it sold for $5.9 million to an anonymous buyer

Value and Investment Significance

The Lola Diamond is not only a breathtaking gemstone but also a valuable investment with long-term potential.

• High Value: Diamonds are a tangible asset with intrinsic value, making them a safe investment during economic uncertainty.
• Historical Appreciation: Historically, diamonds have shown a steady increase in value, often outperforming other investment classes.
• Limited Supply: The rarity of the Lola Diamond and its exceptional qualities contribute to its premium value.

Why the Lola Diamond Matters

The Lola Diamond holds significance beyond its monetary value, embodying the following:

• Cultural Heritage: As a rare and historical gemstone, the Lola Diamond represents the cultural heritage of the diamond industry and the artistry of master diamond cutters.
• Technological Innovation: The discovery and polishing of the Lola Diamond demonstrate the advancement of diamond mining and cutting techniques.
• Symbolism of Hope and Resilience: Named after a young girl who passed away, the Lola Diamond symbolizes hope and resilience, inspiring others to overcome adversity.

Benefits of Owning the Lola Diamond

Owning the Lola Diamond offers numerous benefits:

• Prestige and Exclusivity: The rarity and exceptional qualities of the Lola Diamond grant its owner a sense of prestige and exclusivity.
• Investment Diversification: Adding the Lola Diamond to an investment portfolio provides diversification and potential for long-term appreciation.
• Appreciation from Connoisseurs: Diamond enthusiasts and collectors appreciate the beauty and rarity of the Lola Diamond, enhancing its value over time.
• Emotional Connection: The story and symbolism associated with the Lola Diamond can create a deep emotional connection for its owner.

Stories and Lessons

The Lola Diamond has been a part of several remarkable stories that offer valuable lessons:

Story 1: The discovery of the Lola Diamond by Zoe Saldanha, a woman working in a traditionally male-dominated industry, highlights the importance of breaking down barriers and empowering women in all fields.

Story 2: The sale of the Lola Diamond in 2010 for $5.9 million showcases the enduring value of exceptional gemstones and the potential for investment appreciation.

Story 3: The Lola Diamond's ability to inspire hope and resilience reminds us to find strength in the face of adversity and to live life to the fullest.

Frequently Asked Questions (FAQs)

1. What is the value of the Lola Diamond? The current value of the Lola Diamond is estimated to be several million dollars, depending on factors such as market conditions and the demand for rare diamonds.
2. Can I invest in the Lola Diamond? While the Lola Diamond is a private asset, similar exceptional diamonds can be purchased through reputable diamond dealers or investment funds specializing in gemstones.
3. How can I tell if a diamond is real? A reputable jeweler or gemologist can verify the authenticity of a diamond using various techniques such as examining its clarity, symmetry, and fluorescence.
4. How should I care for a diamond? Diamonds should be cleaned regularly with a mild detergent solution and a soft brush. Avoid exposing them to extreme heat or chemicals, and store them in a protective case.
5. What is the best way to sell a diamond? To ensure the best value, consult a reputable diamond dealer who specializes in the sale of exceptional gemstones.
6. What is the difference between carat and clarity? Carat refers to the weight of a diamond, while clarity measures the presence of inclusions or blemishes.
7. How can I learn more about diamonds? Visit the websites of reputable diamond organizations such as the Gemological Institute of America (GIA) or the American Gem Society (AGS) for educational resources.
8. Where can I purchase a radiant-cut diamond? Radiant-cut diamonds can be purchased through reputable diamond dealers, online retailers, or at auctions.

Call to Action

If you are a collector, investor, or simply an admirer of exceptional gemstones, the Lola Diamond presents a rare opportunity to acquire a piece of history and a valuable investment. Contact reputable diamond dealers or investment funds to inquire about similar exceptional diamonds and explore the potential benefits of owning one for yourself.