GemVest Ltd., a subsidiary of Gepco Ltd., recently refilled its investment portfolio with a round brilliant cut G-color, purity SI1, weighing 10.76 carats, reports Rapaport. The company said that the cut of this diamond is classified as "triple-excellent".
"This is an excellent stone," said Peter Voutsas, CEO of GemVest. "Having acquired the opportunity to purchase this diamond at a price half the wholesale price of Rapaport, I believe we can at least triple our investments after selling it."
Angelique de Maison, executive chairman of the group, added: "The acquisition of such a significant stone is very encouraging in the context of the viability of our business model. The price of Rapaport for such diamonds exceeds $ 500,000, and we paid half of that amount. We are confident that Peter will sell it at an excellent price, profitable for both us and the new owner. "