Emerald Envy

The world’s largest cut emerald is now up for grabs – but not just by anybody. Those with about $1.15 million dollars –the stone’s appraised value –burning a hole in their pocket can have a chance at the bragging rights of owning this once-in-a-lifetime find.

The stone weighs in at 11.5 kilograms, equal to a staggering 57,500 carats!! It is adeptly named Teodora, meaning “Gift of God.”

The existence of the emerald was well-kept before it showed up for sale by an East Indian businessman, but new facts have come to light since its public sale. The stone was mined in Brazil, then shipped to India to be cut and sold directly to the Indian owner, who kept it for an unknown number of years. It is also unclear as to exactly when the emerald was discovered.

Emerald

As soon as it was up for sale, it immediately piqued the attention of Regan Reaney, a rare gem hunter in Calgary who jumped at the chance to buy. The emerald arrived in Calgary on January the 15th where it was appraised by Jeff Nechka, owner of Premier Gems. “At first I was very skeptical,” said Nechka. “Anything this large occurring in nature is extremely rare.” Teodora is the fifth largest emerald ever to be found, but the biggest that’s been cut with facets. The gem was never cut into smaller rocks for jewelry because it is opaque and not translucent, so the value resides in the sheer enormity of it.

Western Star Auctions will be putting the emerald up for bidding on January 28th in Kelowna, BC. It is estimated to net more than its’ appraised value of $1.15 million. If you are in the area and would like to see an extraordinary gem, there is good news! The auction is open to the public and free to attend, so come and support a Canadian company.

And if all that green is giving you envy, be sure to stop by Secret Sapphire in Vancouver afterwards where we have a cure in the form of emerald necklaces from our Margo Morrison collection or a few adorable emerald colored charms from our BonnBons collection as well.