Sotheby’s will auction flawless 102-carat white diamond in Hong Kong on October 5  »

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One of the world’s rarest diamonds, concerning the measurement of an egg or a big lollipop, goes up for auction subsequent month and is anticipated to fetch $12 million to $30 million.

Sotheby’s mentioned on Thursday that the 102.39-carat diamond, a flawless white sparkler, was the second-largest oval diamond of its sort to be supplied at auction. 

The largest, a 118.28-carat diamond, set a document $30.8 million worth when it was offered below the hammer in 2013.

‘Diamonds of this caliber and measurement have offered wherever between $11.9 million to $33.7 million,’ mentioned Quig Bruning, head of Sotheby’s New York jewellery division. 

Pictured: An worker of Sotheby’s poses with an ideal 100+ carat diamond, the second largest oval diamond of its sort to ever seem at an auction which will be auctioned by Sotheby’s in Hong Kong in October

About the scale of an egg or a big lollipop, the diamond goes up for auction subsequent month and is anticipated to fetch $12 million to $30 million

Only seven such diamonds, identified in the commerce as D coloration flawless or internally flawless white diamonds, with over 100 carats have beforehand been offered at auction.

‘More and extra folks have come to grasp that one thing billions of years previous and of the scale of a lollipop can retailer as a lot worth as a Rembrandt self-portrait or a Basquiat,’ Gary Schuler, worldwide chairman of jewellery at Sotheby’s, mentioned in an announcement.

The diamond will be offered in a single-lot motion and not using a reserve worth at Sotheby’s in Hong Kong on October 5.

Only seven such diamonds – identified in the commerce as D coloration flawless or internally flawless white diamonds, over 100 carats – have beforehand been offered at auction

The world document for any diamond or jewel offered at auction was set in 2017 when a 59.60-carat fancy vivid pink diamond was offered for $71.2 million to a Hong Kong jewellery firm

The diamond will be offered in a single-lot motion and not using a reserve worth at Sotheby’s in Hong Kong on October 5

Sotheby’s mentioned the gem was reduce from a 271-carat tough that was found on the Victor Mine in the Canadian province of Ontario in 2018 and reduce and polished for greater than a 12 months.

Two of probably the most well-known massive diamonds – the Koh-i-Noor and The Cullinan 1 – belong to the British monarchy and kind a part of the British Crown Jewels.

The world document for any diamond or jewel offered at auction was set in 2017 when a 59.60-carat fancy vivid pink diamond was offered for $71.2 million to the Hong Kong jewellery firm Chow Tai Fook, Sotheby’s mentioned.

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