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An Artist Will Make a $2 M. Diamond Disappear in Plain Sight at the New York Stock Exchange

The New York Stock Exchange.

SHUTTERSTOCK/MATEJ KASTELIC

Diamonds may be forever, but artist Diemut Strebe is planning to make a high-profile precious stone vanish.

Beginning on September 13, Strebe will have her work The Redemption of Vanity on display at the New York Stock Exchange. The piece is comprised of a 16.78 carat natural yellow diamond, valued at $2 million, which will be shrouded in “the blackest black ever created,” also known as carbon nanotubes. The effect of the carbon nanotubes, or CNT, will cause the diamond to become invisible to the naked eye. The piece will be on display until November 25.

Strebe collaborated with a scientist at the Massachusetts Institute of Technology, where she is an artist-in-residence, to utilize the CNT. The scientist, Brian Wardle, who previously collaborated with Trevor Paglen on his 2012 project The Last Pictures, created the material, which absorbs 99.96 percent of surrounding light.

“That the piece is on display at the New York Stock Exchange is a good match. [The project] explores how material and immaterial value is attached to objects and concepts in reference to luxury, society and to
 art. ” Strebe told ARTnews. “Interestingly both the diamond and the carbon nanotubes are made of the same element, carbon, but their different atomic lattice structure is the reason for their opposite properties in exposure to light. The one reflects light to the extreme, and the other absorbs it to the most opposite extreme, drawing no shadows on the object. The CNT covered diamond will appear entirely flat.”

Strebe and Wardle are offering the development of CNT to be used by any artist, unlike Anish Kapoor’s exclusive ownership of his “vantablack,” which also absorbs nearly the same amount of light as Wardle’s creation. In a joint statement, Strebe and Wardle said, “We do not believe in exclusive ownership of any material or idea for any artwork and have opened our method to any artist.”

Diamonds have been the art world’s best friend as of late. In 2016, Jill Magid’s similarly science-adjacent project took the ashes of the late architect Luis Barragán and, with the help of a lab, alchemized them into a 2.02-carat diamond. Before that, Damien Hirst’s sculpture For The Love of God (2007) became one of his most recognizable pieces, as over 8,000 diamonds created a skull that cost £14 million ($17 million) to produce.

The diamond in Strebe’s piece comes from L.J. West Diamonds Inc., and Strebe explained that the price tag attached was highly important. “Value was key for this project,” she said. “[The diamond] is enormous! I’ve never seen anything like it. It’s a highly symbolic object. [This piece] could be seen as a challenge to the art market.”

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