Saturday, 18 May 2013

Christie's auctions 101.74 ct Perfect Diamond

(Reuters) - A pear-shaped colorless diamond that is the largest ever offered at auction sold for a record of nearly $27 million in a Geneva auction, where records were also set for the prices of pearls and sapphires, auctioneer Christie's said.

The 101.73 carat "Winston Legacy" diamond, the centerpiece of the Magnificent Jewels auction, was bought by jewelry and watch firm Harry Winston for 25.9 million Swiss francs ($26.7 million) on Wednesday.

"Harry Winston acquired the most perfect diamond ever offered for sale at auction," said Rahul Kadakia, head of Jewelry, Christie's Switzerland and Americas,

Sotheby's also sold a 74.53-carat fancy yellow diamond that once belonged to Ahmad Shah Qajar, the shah of Persia from 1909 to 1925 and the last ruler of the Qajar dynasty. Its sale for nearly $3 million set both an auction record and a record price per carat — an eye-popping $40,061 per carat — for a fancy yellow diamond.

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On 15 May 2013 Christie’s will auction in Geneva a pear-shaped perfect diamond weighing 101.73 carats. Offered for sale for the first time, this sensational gemstone is not only one of the largest pear-shaped diamonds known to date, it is also one of the world’s most perfect diamonds: a D colour, Type IIA Flawless gem. The rare brilliance and inner limpidity is only found in the chemically pure Type IIA diamonds, which account for less than 2% of the world’s diamond production.

Christie's said the rough stone weighed 236 carats when it was extracted from the Jwaneng mine (DeBeers) in Botswana and required 21 months to polish.


In November 2012, Christie's sold the cushion-shaped, colourless, 76.02-carat Archduke Joseph Diamond for a world record-setting $21.5 million.