RE: Tags Auction Dubai23 Nov 2025 15:33
Why This Estimate is LowThe label "Gem Quality" is misleading in this specific context for several reasons:"Mixed" Definition: The official RNS categorizes this 10% as "Gem, Cleavage, and Rejection High" �. "Cleavage" refers to stones that are broken or require significant processing, and "Rejection High" explicitly indicates stones that were rejected from a higher tier.The "Marange Gray" Factor: High-grade diamonds from Marange often suffer from a "brown-gray" coating due to graphite inclusions �. This internal flaw cannot be polished away easily and significantly reduces the per-carat price compared to clear stones from other regions.Lack of "Specials": There is no mention in the reports of large, single "special" stones (e.g., +10 carat clear white diamonds) that typically drive high-value auctions. Without these hero stones, the average price per carat remains capped by the industrial reality of the field.Bottom Line: The "best" 10% of this parcel is likely worth less than $0.5 million to the company after fees, providing almost no meaningful contribution toward the $11 million debt pile �.