Graff Diamonds introduced the "world's largest" flawless diamond cut "heart" of color D.
Brilliant type IIa weighs 118.78 carats, has excellent polish and symmetry. It also boasts a lack of fluorescence. Stone was created by the company Graff of the 357-carat rough diamond found at the mine Letseng (Letseng) in Lesotho in 2015.
Mining company Gem Diamonds sold the diamond for $ 19.3 million to an unknown buyer in September of the same year.
"It is the most beautiful diamond cut" heart "of all that I've ever seen," said Laurence Graff (Laurence Graff), Chairman of the Board of Directors. Graff named the diamond "Venus Graff" (Graff Venus).
The company claims that it has created more than half of the 20 largest diamonds found in this century. Earlier this year, Gem Diamonds presented flawless pear-cut diamond weighing 105.07 carats, color D, "Graff Vendome", to mark the opening of the shop on the Place Vendome in Paris. This polished stone and was created from the rough diamond recovered at Letseng in May 2015.
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The delegation of exporters of jewelry from the Council to promote the export of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) met with Arun Dzheytli (Arun Jaitley), the Finance Minister of India, to discuss some of the critical challenges facing the gemstone industry and jewelry, and discuss methods of solving them, reports NDTV Profit.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) said: "We have asked the Minister of Finance to increase clarity in the field of taxation and reduce the amount of legal costs in the case related to taxes."
Pandya noted that uncertainty about the tax laws in India has led to increased costs and ultimately impact on the ease of doing business in the country. "As a result of the cash flow in competing countries," - he said.
Industry representatives also asked the Minister to introduce a special tax regime for the diamond industry and a tax of 0.75% of the turnover.
"With this level of taxation is brought into line with the regimes prevalent in other diamond trading centers, such as in Belgium and Israel," - says Pandya. In his opinion, such an approach could encourage non-resident Indian from these centers to transfer production from China to India.
"Attracting international companies for the production of jewelry in India (from Belgium, Israel and Dubai), we can provide an additional supply of about $ 20 billion (in fiscal year 2018-2019), helping the government get more taxes" - suggests Pandya.
This will create jobs for 1.56 million Indians in the jewelry sector for 2018-2019 year. Also, these measures will help to solve the problem of the country's trade deficit and boost exports, he added.
GJEPC Chairman also urged the government to allow the sale of diamonds in a special customs zone in Mumbai with a tax of 0.25% with turnover of foreign mining companies. This, he said, will create a new area of tax collection by the transfer of sales from Belgium, Israel and Dubai.
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