Free Newsletters - Space - Defense - Environment - Energy - Solar - Nuclear
by Staff Writers
Hong Kong (AFP) Sept 10, 2013
A 118.28-carat white diamond, set to break records, is to go under the hammer in Hong Kong in October, auction house Sotheby's said Tuesday.
Describing the egg-shaped gem as the "greatest" of its kind to ever appear at auction, the British firm said it could fetch $28 to $35 million in the auction, where another rare yet smaller diamond will also be sold.
"It's like [a] small chicken egg," a Hong Kong-based Sotheby's spokeswoman told AFP when she described its size.
Quek Chin Yeow, deputy chairman of Sotheby's Asia, said at a Monday preview in London that the D colour flawless gem would be the "greatest white diamond to be sold at auction".
The firm said the sale could beat previous records at a diamond auction last year, when a 101.73-carat diamond was sold at $26.7 million.
"The white diamond ... is a new stone. The rough was mined in 2011," Quek said.
It was discovered in a deep mine in an undisclosed southern African country, where it weighed 299 carat as a rough stone.
A "Premier Blue Diamond" at 7.59-carat is also set to be auctioned off in October and could fetch up to $19 million.
Hong Kong has become a centre for jewellery auctions thanks to growing wealth in China and other parts of the region, as well as the region's increasing appetite for art.
Carbon Worlds - where graphite, diamond, amorphous, fullerenes meet
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|