in The Business of Jewelry on February 18, 2015
The diamond rough during the cutting and polishing process. Photo courtesy Sotheby’s.
In 2013, a 118-carat oval-cut stone was auctioned at Sotheby’s for $30.6 million. The sale was a record for a white diamond.
In 2010, a 24.78-carat pink diamond was auctioned for $46 million at Sotheby’s, setting the record for any diamond sold until now.
The stone is a truly unique one. Diamonds like this aren’t pulled from the earth very often. While its size impresses, two other characteristics set it apart. The first, it is a classic, modern emerald cut. Secondly, it’s “perfect” quality. Breaking down the industry jargon, it is a Type IIa stone (free of any imperfections), D color (the whitest, clearest there is), and internally flawless (no blemishes visible under high magnification). A rare find, indeed.
“This 100.20 carat diamond is the definition of perfection. The color is whiter than white, it is free of any internal imperfections, and so transparent that I can only compare it to a pool of icy water. It is the first true emerald cut diamond over 100 carats to be offered at auction, the most classic of cuts, quietly elegant and very contemporary,” said Gary Schuler, head of Sotheby’s Jewelry Department in New York, in a press release.
The diamond will be exhibited in Dubai, Los Angeles, Hong Kong, London and Doha before returning to New York City on April 17 just in time for the auction on April 21.
Lisa Hubbard, chairman of North & South America for Sotheby’s International Jewelry Division, added, “the rarest object of natural beauty on the market right now, this 100-carat diamond could be considered the ultimate acquisition.”