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my diamond for my engagement ring. now, hurry eh?
Rare, flawless diamond up for sale
Sotheby’s sets Nov. 20 auction; stone could fetch $10 million
The gem weighs 103.83 carats, is graded a D Color and is internally flawless, making it one of the most valuable types of diamond.
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ASSOCIATED PRESS
LONDON, Oct. 7 — One of the world’s rarest diamonds — a walnut-sized gem of the purest color — was displayed in London on Tuesday by Sotheby’s auctioneers, who will put the gem up for bid next month in Geneva.
THE BRIGHT WHITE cushion-shaped stone is the largest internally flawless diamond of D-color grade — the purest color grade — to ever appear at auction, Sotheby’s said.
The diamond weighs 103.83 carats and is expected to fetch as much as $10 million during the Nov. 20 auction.
The jewel, discovered at South Africa’s Premier Mine, is only the fourth diamond of perfect color and purity weighing over 100 carats to be sold at auction, Sotheby’s said. In May 1995, the Star of the Season sold for a record $16.7 million.
Alexandra Rhodes, head of jewelry at Sotheby’s Geneva, said the estimated price of the latest gem reflected the current market.
“I think for a stone of this caliber it’s a rarity for the market and that’s the right (estimated price) for today’s market,” she said. “The person who buys it will also have the privilege of naming it.”
It took diamond cutters 18 months to plan, design and cut the gem, and its shape is reminiscent of many famous and historic diamonds.
© 2003 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Rare, flawless diamond up for sale
Sotheby’s sets Nov. 20 auction; stone could fetch $10 million
The gem weighs 103.83 carats, is graded a D Color and is internally flawless, making it one of the most valuable types of diamond.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
ASSOCIATED PRESS
LONDON, Oct. 7 — One of the world’s rarest diamonds — a walnut-sized gem of the purest color — was displayed in London on Tuesday by Sotheby’s auctioneers, who will put the gem up for bid next month in Geneva.
THE BRIGHT WHITE cushion-shaped stone is the largest internally flawless diamond of D-color grade — the purest color grade — to ever appear at auction, Sotheby’s said.
The diamond weighs 103.83 carats and is expected to fetch as much as $10 million during the Nov. 20 auction.
The jewel, discovered at South Africa’s Premier Mine, is only the fourth diamond of perfect color and purity weighing over 100 carats to be sold at auction, Sotheby’s said. In May 1995, the Star of the Season sold for a record $16.7 million.
Alexandra Rhodes, head of jewelry at Sotheby’s Geneva, said the estimated price of the latest gem reflected the current market.
“I think for a stone of this caliber it’s a rarity for the market and that’s the right (estimated price) for today’s market,” she said. “The person who buys it will also have the privilege of naming it.”
It took diamond cutters 18 months to plan, design and cut the gem, and its shape is reminiscent of many famous and historic diamonds.
© 2003 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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