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The Aquamarine ring, an emerald cut aquamarine flanked by small, solitaire diamonds and set in 24-carat yellow gold, was commissioned by the Princess from Asprey in 1997 and was used by the Princess as a replacement for her engagement ring after her divorce from the Prince of Wales in 1996. [70]
The Dom Pedro aquamarine is the world's largest cut aquamarine gem. It was cut from a crystal originally weighing approximately 60 pounds (27 kg) and measuring almost 2 feet (0.61 m) in length. The stone was mined in Pedra Azul, in the state of Minas Gerais in Brazil around 1980, and named after the Brazilian emperors Pedro I and Pedro II.
Aquamarine mainly forms in granite pegmatites and hydrothermal veins, [10] and it is a very lengthy process that can take millions of years to form. [9] Aquamarine occurs in many countries over the world, and is most commonly used for jewelry, decoration and its properties. [11]
Some jewelry experts advise consumers to buy a 0.99-carat (198 mg) diamond for its better price or buy a 1.10-carat (220 mg) diamond for its better cut, avoiding a 1.00-carat (200 mg) diamond which is more likely to be a poorly cut stone.
Diamonds can be sold already set in jewelry, or sold unset ("loose"). According to the Rio Tinto, in 2002 the diamonds produced and released to the market were valued at US$9 billion as rough diamonds, US$14 billion after being cut and polished, US$28 billion in wholesale diamond jewelry, and US$57 billion in retail sales. [110]
At present, the world record price-per-carat for sapphire at auction is held by a sapphire from Kashmir in a ring, which sold in October 2015 for approximately US$242,000 per carat (HK$52,280,000 in total, including buyer's premium, or more than US$6.74 million).