Congo’s South Kivu governor suspends mining operations in province
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The Ultimate Emerald-Cut Diamond held by a Sotheby’s employee.
An internally “flawless” 100-carat emerald-cut diamond that will go under Sotheby’s hammer in New York on Tuesday is expected to fetch up to $25 million.
The gem, discovered a decade ago at one of De Beers mines in South Africa, is one of just five diamonds over 100 carats and of comparable quality to have been offered at auction, according to Sotheby’s.
The rock is one of just five diamonds over 100 carats and of comparable quality to have been offered at auction.
“Simply put, it has everything you could ever want from a diamond: the classic shape begs to be worn, while the quality puts it in an asset class of its own,” said Lisa Hubbard, Chairman of North and South America for Sotheby’s International Jewellery Division, in the press release.
This is the 100.20-carat, D-color,internally flawless, classic emerald-cut diamond.
The current owner of the diamond spent more than a year studying, cutting and polishing the rough diamond before delivering the stone to the auction house.
Sotheby’s sold the first 100-carat perfect diamond at an auction in 1990. The price per carat for these diamonds has increased from $125,000 to $260,000 from the first auction until the most recent, in 2013, the auction house said.
Side-view.
The stone’s details include “100.2-carat, D colour, Internally Flawless, Type IIa stone”, which, for the uninitiated, means it has the clearest colour, without any blemishes on being magnified and is free from imperfections.
Sotheby’s estimates that the auction, which features more than 350 other pieces, is estimated to achieve more than $50 million in sales.
All images courtesy of Sotheby’s.
4 Comments
Applecorped
Wow! That is expensive. $25 million dollars and several miners lives. Bet it looks good for a night out though! Wear it with pride!!
Rod
w!…The music is playing and there are only a few seats left… When the music stops and everyone is scrambling for an empty seat…it will become apparent that ther are hundreds of 100 carat diamonds and thousands of 95 carat diamonds and millions of 90 carat diamonds…. A fool and his $$ are soon parted!
Thestarv
You know.. looking at it.. it is kinda deflating.
rockhound17
I have some fairly big stones myself!