An exceedingly rare, and astoundingly large, diamond sold for more than HK$120 million at a sale by Sotheby’s Hong Kong on Monday night.
The flawless, D-colour, 102.39-carat gem – about the size of a small egg – went to an anonymous telephone bidder for nearly HK$122 million (US$15.7 million) in an auction held online, a spokeswoman said.
The auction was held by Sotheby’s Hong Kong Gallery in Admiralty on October 5, with online bidding having opened on September 15.
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The diamond was offered in an no-reserve auction – one in which there is no minimum price, with the goods going to the highest bidder – the first of its kind for a diamond of this calibre.
Only seven D-colour, internally flawless or flawless white diamonds over 100 carats had ever been sold at auction before Monday’s sale. The stone in question was the second-largest oval diamond of its kind to ever be offered at auction, Sotheby’s said.
It was cut from a 271-carat rough, discovered in the Victor Mine in Ontario, Canada in 2018.
In 2013, a stone weighing 118.28 carats of a similar quality was sold by Sotheby’s for US$30.8 million.
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This article Flawless 102-carat diamond sells for more than HK$120 million at Sotheby’s auction in Hong Kong first appeared on South China Morning Post