Tiffany & Co. shares its masterful creation from Ekati rare ‘geological wonder’, a 71-carat a near-perfect octahedron fancy vivid yellow diamond

Tiffany & Co. has unveiled its newest top-quality fancy-coloured diamonds masterfully crafted into two emerald-cut vivid yellow diamonds, one over 15 carats and the other over 20 carats. The exceptional jewels were sourced from Burgundy’s Ekati Diamond Mine in Canada from a 71.26-carat fancy yellow diamond mined in August 2022.

Tiffany’s chief gemologist Victoria Wirth Reynolds described it as though a ray of sunshine was beaming through the rough diamond. Tiffany intends to display the gemstones through private preview for select clients.

Burgundy Diamond Mines owns and operates Ekati Mine, proudly producing and delivering Ekati’s ethically sourced diamonds to the market.

“Exceptionally high-quality, rare diamonds such as the 71-carat gemstone are a testament to Ekati’s 25-year legacy and value as a tier one asset in a tier one jurisdiction,” said Kim Truter, CEO and Managing Director of Burgundy Diamond Mines. “Canadian diamonds continue to live up to their reputation as unmatched for quality and brilliance worldwide. The rarity, quality, colour and size of the near-perfect 71-carat octahedron gemstone, is no exception.”

Canadian diamonds are mined from deep underground in the Arctic North, under strict environmental regulations and free from conflict or human rights infringements, promoting responsible sourcing practices and partnership with local Indigenous communities. Diamond mining in the region contributes to Northern communities and the Canadian economy by providing opportunities for employment, education and future sustainable growth.

Tiffany is known as a pioneer in responsible sourcing and in 2020 they became the first global luxury jeweler to disclose the countries where their newly sourced individually registered diamonds of .18 carats and larger are sourced, cut, polished, graded and set.

These transparent business practices support Canadian provenance and high standards in the mining industry, increasing value on the world stage for assets like Ekati. Additionally, Burgundy’s unique vertically integrated end-to-end business model from exploration through to polished diamond production and sales, provides traceability along every step of the process, assuring diamond origin and transparency in responsible sourcing practices for end buyers like Tiffany.

Tiffany & Co. artisan cut diamonds from Ekati Diamond Mine
Photo courtesy of Tiffany & Co. 2023

The Ekati mine is world-renowned for the premium gem-quality stones it produces, having recovered more than 95 million carats of diamonds to date, since the mine opened in 1998. The yellow octahedron diamond was recovered from Ekati’s Misery pit, a kimberlite pipe at that has been the source of many of the world’s precious yellow diamonds. Industry experts have confirmed the gemstone to likely be the largest fancy vivid yellow diamond discovered in Canada.

To learn more about Tiffany’s acquisition of the 71-carat diamond, please visit the Tiffany & Co. website.

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