Mar 4th, 2013

The Zale Light of Peace

In 1969 (must’ve been that summer)- Dallas-based Zales Corporation purchased a fine blue-white gem weighing 434.6 carat, the source of which was simply stated as West Africa (most certainly from Sierra Leone).

After two years work in New York the outcome was thirteen gems totally 172.46 carat. The biggest, a pear shape cut with 111 facets, weighs 130.27 carat and has been named the (Zale) Light of Peace. It was graded as D VVS1.

The choice of the name for the large diamond was explained by Morris Zale, one of the two brothers who had founded Zale Corporation. He stated, “Once we acquired the diamond, it was suggested that perhaps we could use this great find to make a small contribution to promoting peace. We also felt that it was time for private industry to begin taking a more active role in promoting peace which has, up to now, been essentially a government function.”

Accordingly Zale Corporation set up a fund with money recieved from the many showings of the diamond, the proceeds being donated to a cause for peace.

In 1980 Zale Corporation sold the Zale Light of Peace to an undisclosed buyer. Explaining the decision to sell the diamond, Donald Zale said: “Over the years we had so many inquiries about the diamond that we put a price on it and said not to call unless the inquirer were willing to pay the price …somebody called.”

Source:

Famous Diamonds