Sunday, 19 November, 2017

The Largest Diamond was Sold for United States dollars 34 million

A necklace known as Creation I featuring a 163.41 carat D Colour Flawless diamond and created by Swiss jewellers de GRISOGONO Flawless Diamond Dug Up in Angola Sells at Auction for a Record $34 Million AFP 2017 Daniel Leal-Olivas
Laurie Berry | 15 November, 2017, 16:26

Geneva - A flawless 163-carat clear diamond fetched $34m (approximately R487m) at an auction at Christie's in Geneva - but not enough to dispel concerns about the health of the market.

A team of 10 specialists in NY cut the jewel from a rough 404-carat stone discovered previous year in Angola, the biggest diamond ever found in that country.

The diamond weighs more than 163 carats and is part of an emerald and diamond necklace called "De Art in Greizogno" (the Swiss jewelery company "De Grizogono").

This marks 'a new world-record price for a D colour diamond at auction, ' Rahul Kadakia, auctioneer and head of Christie's worldwide jewels division said. Ten diamond-cutting specialists worked on the rough in NY after it was analysed in Antwerp.

Joo Koon MRT Station after train collision
Passengers were treated for head injuries, spinal injuries, fractures and minor bruises among other injuries. At 8.19am, a second train stopped behind the first faulty train.

This stone discovered previous year in Angola is so pure and so large that even Christie's jewellery director David Warren can't contain his enthusiasm.

The left side of the necklace is made up of 18 emerald-cut diamonds and the right side composed of two rows of pear-shaped emeralds.

Unsurprisingly it comes with a hefty price tag. It was the final lot of the auction and sold for $14,463,393. This is the first time that the spectacular diamond has been sold at public auction since the famous sale of the French Crown Jewels in 1887.

The highlight of that show, also in Geneva, will be The Raj Pink, the world's largest known fancy intense pink diamond, which Sotheby's is aiming to sell for US$20-30 million.

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