Rare 102 Carat Diamond
Sold in Hong Kong
This rare diamond was sold for $16
million at online auction by Sotheby's
HONG KONG - 7. October 2020 - A rare
102-carat diamond was sold to an unknown buyer for $15.7 million at an online auction organized by Sotheby's. The
buyer made the offer over the phone, which according to experts is a bargain price for such a valuable
The auction house stated that this is the
first time they sold such a valuable stone online. The auction was done online because of the COVID-19
rare and flawless diamond
This rare diamond was cut from a raw
271-carat diamond found in 2018 in a Canadian mine. The cut diamond was classed flawless and it would be difficult
to determine its purity and true value, according to Sotheby's.
It is considered to be spectacularly rare
and flawless and it took a whole year to be cut and polished. The auction house says that only 0.5% of all mined
diamonds have these 'rare and flawless' characteristics.
|Owing to the COVID-19 pandemic, many have switched to
business online. So, this Sotheby's auction was also held online,
resulting in this rare diamond sale.
diamonds left over 100 carats
There are only 7 other diamonds in the world
that are larger than 100 carats, of equal quality.
In 2017 the other auction house, Christie's,
sold a necklace with 163-carat diamond for $33.7 million at an auction in Geneva. This particular diamond was cut
from a raw 404-carat diamond found in Angola.
In the same year, a rare pink diamond of 19
carats was sold at an auction for $45.95 million.