Friday, 17 November, 2017

Largest Diamond Ever Auctioned Expected To Sell For Up To $35 Million

Media playback is unsupported on your device                  Media caption The 163 carat diamond was the largest of its kind to go under the hammer Media playback is unsupported on your device Media caption The 163 carat diamond was the largest of its kind to go under the hammer
Conrad Doyle | 15 November, 2017, 05:32

This marks "a new world-record price for a D colour diamond at auction", Rahul Kadakia, auctioneer and head of Christie's worldwide jewels division, told AFP.

Originally it was part of a 404-carat rough stone, that was the largest diamond ever discovered in southwest Africa. The item is expected to fetch at least $30m (£23m) at auction.

The necklace is made of 18 diamonds on one side and two rows of pear-shaped emeralds on the other.

The diamond, the centrepiece of an asymmetric gem-studded necklace designed by Fawaz Gruosi, founder of Geneva jeweller De Grisogono, exceeded the auction house's expectation of US$25 million.

Another highlight of Tuesday's auction, a large pink diamond once set in the crowns of numerous French kings and emperors, including Napoleon, meanwhile sold for far more than the $6-9 million estimate.

The buyer's identity has not been revealed.

The white, matchbox-size "Creation 1" diamond from Swiss jeweler de Grisogono weighs a whopping 163 carats.

Le Grand Mazarin was up for auction for the first time in 130 years, during a sell-off of French crown jewels.

On Monday a diamond known as the Pink Star sold for a record $83m (£52m) at auction in Geneva.

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