Saturday, 28 November 2020

1574) "Forevermark Diamond", Canada; A $500 (Five Hundred Dollars) Gold Coin in the shape of a Diamond, with a Forevermark Black Label 0.20 ct. Diamond embedded in it: Year of Coin issue: 2020:

1574) "Forevermark Diamond", Canada; A $500 (Five Hundred Dollars) Gold Coin in the shape of a Diamond, with a Forevermark Black Label 0.20 ct. Diamond embedded in it: Year of Coin issue: 2020:

This unique 2020 $500 (Five Hundred Dollars) pure Gold Coin (99.99%) from the Royal Canadian Mint combines innovation with the beauty of a real Canadian mined diamond. The Forevermark diamond on each coin was one of the last ones mined at the Victor Mine in Northern Ontario before its closure in 2019.

The Obverse face of the Coin seen with the Forevermark Diamond embedded in it

This Coin is also Canada's first pure gold diamond-shaped coin, made possible through the collaboration of Crossworks Manufacturing and Forevermark Diamonds.

This impeccable design displays the finest Canadian craftsmanship, which took more than a year to create. Getting the right shape, size and angles was an enormous undertaking. Every step of the process, from striking to shipping, underwent intense testing to ensure the coin's refined beauty.

The coin showcases a real diamond, set upon the gold diamond and pays tribute to the sparkle and brilliance of the Canadian diamond, which has been cut with extreme symettry, accuracy and detail. An actual 0.2 carat Forevermark Black Label Diamond from The De Beers Group of Companies is embedded on one of the coin's many angles and is the inspiration for the coin's shape and design.

More about Diamonds:

Diamond is the hardest known material. That is why 80% of all diamonds are used in research and industrial applications - from tools to electronic devices. 

The other 20% are used to create jewellery designs and luxury pieces. Less than 1% of the world's gem-quality diamonds are eligible for the distinction of being the highest quality luxury pieces. 

Forevermark Diamonds:

Forevermark diamonds are  of the highest quality and bear a laser-inscribed symbol that is an assurance of purity, beauty and responsible sourcing.

The patented square diamond cut is exclusive to Crossworks Manufacturing Ltd., which isa Canadian company and top diamantaire in North America.

The $500 (500 Dollars) Commemorative Coin:

The Coin's shape and multi-faceted design are an exact reproduction of a patented trademrk diamond cut seen on Forevermark diamonds.

On one of the Coin's Crown side facets, an embedded 0.20 ct. Forevermark Black Label square diamond is the inspiration for the shape of its coin base.

On the other Crown Side facet, the year "2020", the name of the issuing country - "CANADA" and the face value/denomination "500 DOLLARS" surround the Obverse engraved on the table, which also features an effigy of Queen Elizabeth II.

The diamond placed on this coin is one of the last diamonds extracted at the Victor Mine in North Ontario.

The specifications of this $500 Gold Coin are:

Theme: "Forevermark Diamond"; Country of issue: Canada; Denomination: $500 (Five Hundred Dollars); Year of issue: 2020; Metal Composition: .999 Fineness Gold (Au); Diameter/Size: 30.8 mm x 30.8 mm x 21.1 mm; Weight: 167.56 grams; Shape: Special Shape; Edge: Plain; Coin Quality: Matte Proof Finish; Mint: Royal Canadian Mint; Mintage: 99 pieces; Special Techniques: Inlay.





For other interesting posts on the Coins and Banknotes of Canada, please visit the following links:











30) Bill Reid (1920-1998), Haida Artist, Canada: 100th Anniversary (1920-2020) of the Birth of the Haida Artist IIluwas, known as Bill Reid: Commemorative $2, $1, 20 Cents, 10 Cents & 5 Cents Coins & $200 (Gold) Coins issued by the Royal Canadian Mint: Yeat: 2020

31) North-west Territories, Canada: 150th Anniversary (1870-2020): A $30 (Thirty Canadian Dollars) Silver Proof Coin minted by the Royal Canadian Mint, celebrates the milestone: Year of Coin issue: 2020

32) An "Inuk" and a Quilliq", Canada: New 1/20 Ounce $10 Coins minted in Arctic Gold by the Royal Canadian Mint symbolise cultural diversity in Canada and features deeply symbolic elements that are important expressions of Inuit identity: Year of Coin issue: 2020




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7 comments:

  1. coins and more28 November 2020 at 12:11

    Rajan Trikha has commented:
    "Thanks for sharing!!!Interesting information 👍"

    ReplyDelete
  2. coins and more28 November 2020 at 12:12

    Santosh Khanna has commented:
    "GOOD information."

    ReplyDelete
  3. coins and more28 November 2020 at 12:13

    Thank you, Khanna sahab.

    ReplyDelete
  4. coins and more28 November 2020 at 12:14

    Vinod Khurana has commented:
    "Thanks for sharing this interesting information. This may be the costliest coin, I am not sure."

    ReplyDelete
    Replies
    1. coins and more28 November 2020 at 12:14

      Thank you Vinodji. Yes it is priced at $20,000. Already sold at the mint. Resellers and franchisees are charging a hefty premium.

      Delete
  5. Jar Binks2 January 2021 at 16:38

    The jewellery business is experiencing a kind of revolution and the domination of gold jewellery is being challenged by a sharp increase in diamond jewellery. The prices of diamonds have doubled over a year, yet the demand for diamond jewellery has been steadily growing. Scottsdale diamonds

    ReplyDelete