101 Carat Diamond Sold at Christie’s

101 Carat Diamond Sold at Christie\'s

Last month we reported that a 72 Carat Diamond failed to sell at auction, but was later purchased privately.  This week, a 101.27 Carat Diamond, the size of a ping pong ball, has been sold at a Christie’s auction in Hong Kong for $6.2 Million.  Maybe the economy is improving after all.

The jewel is the largest colourless diamond sold at a Christie’s auction in 18 years.  It is only one of four diamonds of over 100 carats to have come up for sale.  The auction was Christie’s largest in terms of value.  More than $60.1m worth of jewellery was sold at the event in Hong Kong. The diamond was the largest ever sold in Asia.

Little is known about the seller and the buyer was a first-time buyer who placed the bid over telephone.  The new owner will have the right to name the diamond.

The internally flawless stone was cut from a 460 carat rough diamond, and has 92 facets.  The stone was discovered in South Africa’s biggest diamond mine, Premier Mine, which is where the world’s largest rough diamond, the Cullinan Diamond, was also found.

More info: news.bbc.co.uk

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