Rare, Flawless 102-Carat Oval Diamond To Be Auctioned Off In Hong Kong Soon

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Rare, Flawless 102-Carat Oval Diamond To Be Auctioned Off In Hong Kong Soon
A fan of jewels?

Then this must be right up your alley.

A flawless 102-carat oval diamond is set to be auctioned at Sotheby's in Hong Kong this October.

AFP reported that the diamond has no price estimate.

However, from the looks of it, it's going to cost an arm and a leg as it is a rare egg-shaped stone with the highest colour grade, D, for a white diamond and is rated Type IIA for its chemical purity as well as exceptional transparency.

That's huge!

The market will decide price

Sotheby's New York head of jewellery Quig Bruning, said the house is "letting the market decide what the value of this diamond is."

"Historically, diamonds of this calibre and this size have sold anywhere from about US$11 million up to US$33 million.

"We're offering without reserve and without estimate," he said.


BREAKING NEWS: For the first time in auction history, Sotheby’s will offer this highly important 102.39-carat D Colour Flawless Oval Diamond ‘without reserve’, meaning that the highest bid will win, regardless of the amount, or the intrinsic value of the diamond itself. Never before has a diamond of this caliber - or indeed any work of art or object of this importance and inherent value - been offered this way. Only seven D colour Internally Flawless or Flawless white diamonds over 100 carats have been sold at auction, making this the eighth. Exceedingly rare, this gem has achieved the highest rankings under each of the standards by which the quality of a diamond is judged; color, cut, clarity and carat weight, also known as ‘the four c’s’. The remarkable 102.39-carat diamond will be offered in a stand-alone, single lot live auction on 5 October 2020 in Hong Kong, with bidding open online from 15 September. #Sothebys #SothebysJewels #Diamond #Diamonds #100carat

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The report said only seven other white diamonds of more than 100 carats have been auctioned off in the world.

What do you think it will sell for?

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