Ping Pong Ball Sized Diamond Sold in Hong Kong

13 08 2010

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A 101.27 carat diamond has been sold at Christie’s latest auction for over $6 million. According to the auction house, the stone is the largest colorless diamond to be offered at auction in 18 years.

The huge diamond, which is set in a tiara, is one of only four colorless diamonds weighing over 100 carats to have ever come up for sale. The diamond was the largest ever sold in Asia.

Over $60.1 million worth of jewelry was sold during the auction in Hong Kong. Christie’s said the diamond’s appearance on the market had “created a sensation.”

The new owner will have the right to name the diamond.

Christie’s International Director for Jewelry and the auctioneer at the sale, Francois Curiel, noted: “The world record price for the colorless diamond sale was broken.”

The internally flawless stone was cut from a 460-carat rough diamond and has 92 facets.

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Largest diamond to be auctioned in Hong Kong

13 08 2010

HONG KONG, April 22 (Xinhua) — The largest colorless diamond seen at auction in nearly 20 years will go under the hammer on May 28 in Christie’s Hong Kong sale, officials said as it was previewed here Tuesday.

The F color, internally flawless VVS1 101.27-carat stone, which will be sold at “Jewels: The Hong Kong Sale”, is expected to realize in excess of 6 million U.S. dollars. It is the largest colorless diamond to appear on the auction market in 18 years and the largest colorless diamond to ever be sold at auction in Hong Kong.

“Only three colorless diamonds of over 100 carats have ever appeared at auction, all sold in Geneva,” said Francois Curiel, chairman of jewelry at Christie’s.

“With Asia becoming such a vibrant market, it is fitting that this rarest gem should be offered on May 28 to the growing number of collectors in this region,” he added.

The Spring sale of magnificent jewels on May 28 will sell 345 lots estimated to achieve in excess of 56 million U.S. dollars.

Also featured at Tuesday’s preview is an 10.63-carat green diamond, which is expected to sell for 2 million to 3 million U.S. dollars. Green diamonds rank as one of the rarest colors in diamonds, second only to red.

Leading the jadeite offerings is a magnificent pair of jadeite cabochon ear studs, estimated at 2.3 million to 3.2 million U.S. dollars. Another highlight is a superb jadeite bead necklace which is estimated at 2.15 million to 3 million U.S. dollars.