The Millennium Blue Diamonds, with the Heart of Eternity at the center.
Nicky Oppenheimer was careful not to put a value on the Millennium Star, saying that any figure he would give would be purely academic. The London Evening Star was not as conservative as Mr. Oppenheimer and insured the Star for 100 million English pounds. This is believed to be a fraction of its true worth. Beny Steinmetz, Co-Chairman of the Steinmetz Diamond Group, echoed the cautious approach of Oppenheimer, but pointed out that the previous record price paid for any polished diamond was $16.5 million for a 100.10 carat D-Flawless stone, the Star of the Season, that was auctioned by Sotheby's in May, 1995, thus selling for about $165,000 per carat. According to market sources, that stone was also manufactured and sold by the Steinmetz group. To the two senior principals of the Steinmetz Group, brothers Beny and Danny Steinmetz, it is rather symbolic that they were chosen to cut the De Beers Limited Edition Millennium Diamond. It is exactly 50 years ago, almost to the day, that the Steinmetz Diamond Company was established by the late Ruben Steinmetz, father of the present principals. "Ruben Steinmetz was known for manufacturing high quality goods," recalls his son, and, without saying so, one could sense that the sons are truly moved by their ability to continue family tradition. Nobody will ever "accuse" the hard and successful businessmen, what the Steinmetzes are, of being sentimental. But in the presence of the Millennium stones times stands still and one must reflect on one's past, one's roots and on the future.
Nicky Oppenheimer was careful not to put a value on the Millennium Star, saying that any figure he would give would be purely academic. The London Evening Star was not as conservative as Mr. Oppenheimer and insured the Star for 100 million English pounds. This is believed to be a fraction of its true worth. Beny Steinmetz, Co-Chairman of the Steinmetz Diamond Group, echoed the cautious approach of Oppenheimer, but pointed out that the previous record price paid for any polished diamond was $16.5 million for a 100.10 carat D-Flawless stone, the Star of the Season, that was auctioned by Sotheby's in May, 1995, thus selling for about $165,000 per carat. According to market sources, that stone was also manufactured and sold by the Steinmetz group. To the two senior principals of the Steinmetz Group, brothers Beny and Danny Steinmetz, it is rather symbolic that they were chosen to cut the De Beers Limited Edition Millennium Diamond. It is exactly 50 years ago, almost to the day, that the Steinmetz Diamond Company was established by the late Ruben Steinmetz, father of the present principals. "Ruben Steinmetz was known for manufacturing high quality goods," recalls his son, and, without saying so, one could sense that the sons are truly moved by their ability to continue family tradition. Nobody will ever "accuse" the hard and successful businessmen, what the Steinmetzes are, of being sentimental. But in the presence of the Millennium stones times stands still and one must reflect on one's past, one's roots and on the future.
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