Sotheby's to auction extremely rare diamond

Diamonds

Save

E-mail

Sotheby's to auction extremely rare diamond

October 05, 2007

Similar Stories | Topics

STORIES

Revenues slide 58 percent at Sotheby's

Flawless blue diamond up for grabs at Sotheby's

Big diamonds don't sell at Sotheby's

Sotheby's to offer jewels of Brazil's 'first lady'

Sotheby's experiences record-setting year

TOPICS

Auctions

Geneva—Sotheby's has announced that it will offer the largest flawless brilliant-cut diamond ever to appear at auction at its "Magnificent Jewels" sale in Geneva on Nov. 14.

The diamond—an 84.37-carat brilliant-cut D-color stone with flawless clarity—is estimated at $12 million-$16 million.

In addition to its extraordinary carat weight (which is unprecedented for a brilliant-cut diamond of this quality at auction according to Sotheby's), the diamond has also received the highest possible grading from the Gemological Institute of America. The institute declares the stone is D-color with flawless clarity, and that its cut, polish and symmetry have all been graded "Excellent."

"We are very privileged to have been chosen as the auction house to offer this magnificent and unique stone, and we aim to provide the perfect arena for it to receive the exposure that it deserves," David Bennett, jewelry chairman for Sotheby's Europe and the Middle East, said in a media release. "In my 32-year career, this stone ranks among the most beautiful diamonds I have ever seen."

Sotheby's has had the privilege of auctioning some of the most expensive diamonds in the world, including the 100.10-carat Star of the Season, which was sold by auctioneer Bennett for $16.5 million in May 1995. It remains the most expensive jewel ever to have been sold at auction.

The diamond, along with other highlights from the Magnificent Jewels sale, will be on view at the following locations in advance of the sale: Hong Kong, Oct. 3-8; Paris, Oct. 11-12; New York, Oct. 14-17; Rome, Oct. 18-19; Los Angeles, Oct. 22; London, Oct. 24-26; Dubai, United Arab Emirates, Oct. 29-30; Bahrain, Oct. 31-Nov. 1; Geneva, Nov. 10-13, selected lots, Nov. 14.

The winning bidder will have the honor of naming the stone.

Save

E-mail

Diamonds

Victims and victors emerge after rocky '09

The economic crisis challenged companies at all points along the pipeline, from mining companies to manufacturers to mall jewelers. Here's a look at the players who rolled with the punches in 2009, and those who got knocked out. Read More

Young CEOs study Hearts on Fire at Harvard

Ivanka Trump Fine Jewelry gets into wholesale

More Diamonds

More Like This

Revenues slide 58 percent at Sotheby's

May 08, 2009 | National Jeweler Network

Flawless blue diamond up for grabs at Sotheby's

April 03, 2009 | National Jeweler Network

Big diamonds don't sell at Sotheby's

November 20, 2008 | National Jeweler Network

Sotheby's to offer jewels of Brazil's 'first lady'

April 24, 2008 | National Jeweler Network

Sotheby's experiences record-setting year

February 27, 2008 | National Jeweler Network

TOPICS

Auctions

Video

Retailer Toolbar

America's Best Jewelers
Join the ONLY Social Network for Jewelry Retailers. Get access to expert content, peer best practices, and more.
Start networking today.

Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.

ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.

Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.

Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.

CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.