I was reading about a 101.27 carat colourless diamond which is scheduled to go under the hammer at Christie’s Spring Masterpieces Exhibition Auction in London later this year. It is the biggest colourless diamond to appear at auction for 20 years and I can only imagine who the lucky woman will be wearing what is sure to be the worlds most expensive engagement ring.
Only three colourless diamonds of over 100 carats have ever appeared at auction, all sold in Geneva.
The largest diamond ever found was the 3,106.75 carat Cullinan diamond from South Africa. It was cut into three main gems for the British Crown Jewels and many smaller pieces. Here’s the 101 carat diamond.
Due to the emerging wealth in Asia, the diamond will be sold at the Hong Kong branch of Christie’s auction house on May 28. Francois Curiel, chairman of jewelery at Christie’s, made it clear that this was a historic sale. The exhibition will feature $400 million dollars worth of art and jewelery, including contemporary and impressionist paintings.
Comparable diamonds have fetched astronomical prices at auction. The Mouawad Splendor, a 101.84-carat pear-shaped diamond, brought in $12.7 million dollars when it was sold in 1990. This diamond is expected to bring in between $18 to $20 million dollars.
The diamond, found at the Premier diamond mine in South Africa, is so far unnamed. Most likely destination is either the Asian or Middle Eastern market. One doesn’t expect a greater Toronto Area business tycoon being the successful bidder, although you never know.