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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Lifestyle

Lifestyle

100-Carat Diamond Sells for $22 million at New York Auction

Diamond
Diamond

 

At a New York auction at Sotheby’s on Tuesday April 21, a 100-carat diamond went up and sold for $22.1 billion according to Sotheby’s

This classic diamond was an emerald-cut D diamond the size of a walnut mined by South Africa’s De Beers. The estimated selling price before the auction was $19 to $25 million.

The buyer of the stunning diamond remains anonymous and made his purchase on the phone.

Sotheby’s head jeweler, Gary Schuler described the diamond as, “The color is whiter than white, it is free of any internal perfections, and so transparent that I can only compare it to a pool of water.”

This is one out of six 100-carat and over diamonds that have been sold at the auction in the course of 25 years.

In Hong Kong one buyer bid a hefty $30.6 million for a 118.28-carat white diamond at an auction in 2013.

In Geneva a pink diamond called the famous “Pink Start” set the world record price for a gemstone sold for $83.02 million in 2013.

Schuler said the diamond sold Tuesday is one of kind for its beautiful size and shape and all the detailed work put into it. What once was a 200-carat diamond become 100 from the years spent to make the perfect cut.

 


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