A flawless 102-carat diamond, about the size of an egg or a large lollipop, is expected to fetch up to $30 million at an auction in Hong Kong next month.
Photo Credit: ReutersThe rare 102-carat diamond is expected to fetch $12 million or $30 million.
Hong Kong: One of the world’s rarest diamond will be up for auction next month at Sotheby’s. The diamond, about the size of an egg or a large lollipop, is expected to fetch $12 million or $30 million.
Sotheby’s said that the 102.39-carat diamond is the second-largest oval diamond of its kind to be offered at auction. The largest, a 118.28-carat diamond, was sold at a record price of $30.8 million in 2013.
“More and more people have come to understand that something billions of years old and of the size of a lollipop can store as much value as a Rembrandt self-portrait or a Basquiat,” Gary Schuler, worldwide chairman of jewellery at Sotheby’s, said in a statement.
The flawless diamond will be sold in a single-lot auction without a reserve price in Hong Kong on October 5.
Previously, only seven such diamonds, of over 100 carats, have been sold at auction. Such diamonds are known as D colour flawless or internally flawless white diamonds in the trade.
“Diamonds of this caliber and size have sold anywhere between $11.9 million to $33.7 million,” Quig Bruning, head of Sotheby’s New York jewellery department, was quoted as saying by AFP.
The rare gem was cut from a 271-carat rough that was discovered at the Victor Mine in Ontario, Canada in 2018. It was cut and polished for over a year.