Courtesy Borsheims

The anniversary ring

Borsheims is celebrating its parent company’s 50th anniversary with a 50 ct. fancy yellow diamond.

The ring features a 50.02 ct. natural fancy yellow cushion-cut diamond from Rahaminov Diamonds. The retail price for the ring is $2.3 million, but Berkshire Hathaway shareholders can get the ring for $1,725,000.

Berkshire Hathaway was actually founded in 1839 as a textile company in Rhode Island, but Buffett Partnership Ltd., owned by Warren Buffett, bought and took control of the company in 1965. It is that anniversary that Borsheims is celebrating with the diamond. 

The company’s annual shareholder meeting takes place May 2 in Omaha, Neb., and shareholders are invited to visit (and buy) the ring at the Borsheims flagship store in Omaha. 

Buffett has historically takes a turn behind the counter at the jewelry store during the shareholder weekend, but he announced in March that he will no longer sell jewels during the event.

JCK