Most valuable diamond ever uncovered in U.S. on display in Phoenix

You have a chance to try on what the seller calls the most valuable diamond ever found in our country. It's 4.6 carats and it's called the Esperanza Diamond. It was uncovered from deep in the ground in Arkansas and now it's on display in Phoenix. 
"Gems have served since the beginning of time as a symbol of beauty," said Alfred Molina, Chairman and President of Black, Starr and Frost.
"This is the only D-color flawless diamond of four carats and 62 points when it was found. It was eight carats and 52 points," explained Molina.
It takes 20 tons of ore to uncover just one carat worth of diamonds. That makes this shimmering rock an incredibly rare find.
"The diamond cutter that cut it basically tried to maintain a lot of the design of the actual natural stone," said Molina.
The diamond cutter spent 130 hours cutting the icicle shaped stone, which has 47 facets.
Molina says people can even come into the store to try on the flawless gem.
"So it's on exhibition for the next week. You can come in and try it on. You can take pictures of it."
The massive diamond will then be sold at a private auction.
"The sealed bids will be accepted until February 15th. We're expecting the stone can sell for north of a million dollars," said Molina.
The opening bid is $500,000.
"I believe it's a very good value because if you want a stone like this, there's only one.. it's a one of a kind," said Molina.  "If you look at the way it sits, in this beautiful pendant, it actually looks like a piece of tremendous clear water. It is truly nature's perfection."
The Esperanza Diamond is on display at Black, Starr and Frost until January 22nd.
Black, Starr and Frost Salon
Demonstration times: 10 a.m. to 6 p.m.
3134 East Camelback Road
Phoenix, AZ 85016
602-955-2055 or 800-257-2695
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