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The Korloff Noir is one of the world's largest known black diamonds. It is an 88-carat diamond, with 57 edges. Before it was cut and polished, it had 421 carats. It is named for the Korloff -Sapojnikoff family, members of the Russian nobility, who once owned it. In 1978, Daniel Paillasseur, a French jeweller, purchased it.  The Korloff Noir is currently owned by the Korloff Company, which was founded by Paillasseur. It is insured for $37 million.