Wednesday, October 9, 2013

118 carat flawless oval diamond brings $ 30.06m

(IDEX Online News) – A 118.28-carat, D flawless, type IIa oval-shaped diamond sold for $30.06 million, or $254,000 per carat, at Sotheby's Hong Kong sale of magnificent jewels.

Sotheby’s said the 118.28-carat diamond, which had a pre-sale estimate of $28 million to $35 million, was the largest oval-shaped, D, flawless or internally flawless diamond ever graded by the GIA and was battled over by two telephone bidders.

Meanwhile, a ring set with a round 7.59-carat, flawless, fancy vivid blue diamond set among brilliant-cut pink diamonds weighing 1.70 carats sold for $16.1 million.


Sotheby's in Hong Kong will auction an 118-carat oval diamond next month. The rough stone weighed 299-carats when it was unearthed in an unnamed African country in 2011. It has a pre-sale estimate of $28 million to $35 million.

The winner will get “naming rights” to the stone.
The current record for any white diamond is $26.7 million. That pear-shaped stone was over 101 carats. It was sold at Christie's in Geneva last spring.