Renowned Jewelry Designer Scott Kay Passes Away

Scott Kay, founder of Scott Kay Inc. has recently passed away after a heart attack on December 4th at the age of 57. He is survived by his wife, Regina and their three children.

The trailblazing entrepreneur – whose career in the jewelry industry spanned almost four decades – will be remembered by many of his colleagues and friends as a vivacious, outspoken personality with a zest for life and a passion for his craft.

That passion was sparked when Kay was just barely a young adult. Walking home one day on the streets of Brooklyn, he picked up a lug nut out of curiosity and spent the next several hours fashioning it into a pinky ring. He knew he had found his calling.

He launched his own fine jewelry design house in 1984. At the time, he was searching for something to set himself apart from many of his other competitors, and he found it through the use of platinum. He was quoted in Florida’s Sun Sentinel years later stating, “Platinum stands for the best of the best. Platinum credit cards, platinum records. Why does it have no presence in our industry?” Nowadays, he is often credited as the man who brought life back to platinum in the jewelry industry.

His personal brand achieved elevated success, driven in large part by his personal philosophy which became his brand’s motto: “never compromise”. The cornerstones of his brand were meticulous attention for the smallest detail, and the incorporation of personal, spiritual and religious themes. Many were drawn to his work for the emotional connections they elicited. He also grew a celebrity following, those who embraced his unique vision: Gwyneth Paltrow, Michael Jackson, Heidi Klum, Salma Hayek among those included.

Although he will be dearly missed, his legacy and life’s work still lives on through the brand he created. The Scott Kay Company will continue to uphold his passion and vision, and he will continue to touch and inspire those who connect through his pieces.

122.52 Carat Blue Diamond Rough Could Fetch $35 Million

An extremely rare piece of diamond rough was recently discovered at the famous Cullinan mine in South Africa, a 122.52 carat blue beauty that is estimated to sell for up to $35 million.

Comparable rough blue diamonds (over 100 carats) are somewhat of a legend: there have only been three or four that were ever recovered according a spokesperson of Petra Diamonds Ltd., the company that currently owns the Cullinan mine. Also in the blue diamond 100-carat plus club is the 115 carat rough from which ‘The Hope Diamond’ was cut. Often described as the most famous diamond in the world, The Hope is a 45.52 carat, Fancy Dark Grayish Blue diamond that is on permanent display at the Smithsonian Museum in New York.

The highest price paid for a rough diamond to date is $35.3 million. That record was achieved by the sale of a 507-carat colorless diamond, which was unearthed at the same Cullinan mine in 2010. Many diamond industry analysts are speculating that their newest find can rival, or even surpass, the $35 million mark.

Blue diamonds get their color from traces of boron impurities trapped in the carbon structure during formation. The crystallized carbon molecules form a very tight lattice structure that is nearly impenetrable; that is the reason for a diamond’s unparalleled hardness. It also makes it very unlikely for any impurities to be introduced into the structure, which is why blue diamonds (and other colors caused by impurities) are exceedingly rare and valuable.