Business & Economy

Rare 102-carat diamond to be auctioned by Sotheby’s in Hong Kong

New York, Sep 10 (efe-epa).- An extremely rare 102-carat diamond is set to go on sale at a Sotheby’s auction in Hong Kong next month.

The oval-shaped sparkler, about the size of an egg, has been categorized as D, which in the trade means it is colorless and internally flawless.

“It’s a very important diamond at a size of 102 carats. There aren’t many diamonds more than 100 carats on the market,” Sotheby’s head of jewelry Quig Bruning told Efe in an interview next to the display cabinet where the stone had been exhibited for potential buyers in New York.

“Moreover, it doesn’t have a single blemish, not inside or out. It’s a perfect diamond.”

Only two percent of the world’s diamonds are categorized as rare, denoting their chemical purity and exceptional transparency.

This example was hewn from a 271-carat rock mined in 2018 in Ontario, Canada. Another 11 smaller diamonds were extracted from the base stone.

“There is no minimum price and no estimate, we believe the market can decide the price. We have a lot of confidence in the market because there is a very strong international demand for all types of gems.”

Bidding for the diamond opens on 15 September.

In 2015, Sotheby’s sold a 100-carat diamond for $22 million.

In a statement the auction house said that only seven other white diamonds with more than 100 carats had been put on auction before, five of which were hosted by Sotheby’s. EFE-EPA


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