Russia to continue buying diamonds through state fund in 2025
The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems.
Auctioneer Christie’s sold a 75.36 carat briolette diamond for $11 million in Hong Kong during a sale Tuesday.
The sum set a new record for that particular style of gem — an elongated pear-shape cut with facets — which works out to $148,000 per carat.
Its pre-sale estimate was in the range of $8.5 to $12.5 million.
Christie’s said it marks the third record setting sale in recent months.
The auction also sold a diamond and emerald necklace for $5.7 million and a pair of ruby and diamond earrings for $3.9 milion.
One of the most famous briolette diamonds is a 26o carat gem, centrepiece of a necklace given by Napoleon Bonaparte to his consort Marie Louise, that is is now housed in the Smithsonian.
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Its pre-sale estimate was in the range of $8.5 to $12.5 million.