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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 diamond.

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 pandemic.

Extremely 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.

Monitors online with computer code, against a city backdrop
Owing to the COVID-19 pandemic, many have switched to doing
business online. So, this Sotheby's auction was also held online,
resulting in this rare diamond sale.

Only 7 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.

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