Maison Mazerea Unveils The ‘Grace Diamond’ In Honor Of Princess Grace Of Monaco

Maison Mazerea, a new luxury diamond brand, has dedicated a unique one-of-a-kind fancy colored diamond in honor of Princess Grace of Monaco. Called the “Grace Diamond,” the Fancy Vivid Purplish-Pink gem is part of an exclusive collaboration with the Princess Grace Foundation.

The Grace Diamond is among the most valuable and rarest gems in the world

According to Forbes, it is one of the last five diamonds from the exhausted Argyle Mine in the remote northwest part of Australia. During its 15-year operation, which ended in 2020, the Argyle Mine produced more than 90% of the world’s pink and red diamonds, among the most valuable and rarest gems in the world. The square-radiant-shaped, 1.79-carat, fancy-vivid-purplish-pink diamond was originally called the Stella Diamond. It was purchased in 2021 by Burgundy Diamond Mines, a Perth-based diamond mining company that owns the Maison Mazerea brand.

“It is entirely appropriate that an illustrious star such as Stella should be renamed and transcend into the timeless nobility of the Grace Diamond,” said Peter Ravenscroft, CEO of Burgundy Diamond Mines.

For its debut appearance, the stone has been put in the hands of Paris-based

jeweler Lorenz Bäumer, whose “La Vie En Rose” design will be unveiled in his Place

Vendôme flagship the first week of July.

But Bäumer's design and its Place Vendôme debut are only the beginning of the story, said Ravenscroft in an exclusive interview with WWD. The executive outlined plans to work with jewelers outside of Paris, with North America, Australia and the U.K. already on the cards for coming years.

As for the Grace Diamond, it will move on from one designer to the next

over time, each tasked with designing a new setting — a way to “refresh, preserve and build more history into the stone,” said Ravenscroft.

"The Princess Grace Foundation and our new luxury brand Grace de Monaco are honored to partner with Maison Mazarea to debut the Grace Diamond to the world. The majestic diamond is a fitting tribute to the iconic Princess Grace of Monaco and supports our mission to uphold the legacy of Princess Grace for generations to come." Brisa Carleton, CEO Princess Grace Foundationand Grace de Monaco