The perfect diamond: auctioned at Sotheby’s and estimated to be worth $ 33 million

The “white oval” gem weighs 102 carats and could sell for up to $ 33 million Source: Archive

A diamond considered “perfect” will be auctioned on October 5 at Hong Kong by the auction house Sotheby’s. The “white and oval” gem weighs 102 carats and although it has not been priced for sale, specialists estimate that it could sell for as much as $ 33 million.

It is a diamond of color “D”, the maximum in terms of purity and transparency, chemically crystalline and perfect, weighing exactly 102.39 carats. A carat is the unit used to measure the weight of gemstones and is equal to one fifth of a gram (1 carat = 200 milligrams).

“Historically, diamonds of this caliber and of this size are sold at between 11 and 33 million dollars, so we take that as a fan,” said Quig Bruning, head of Sotheby’s jewelry department in New York to the AFP agency.

There are few perfect white diamonds of more than 100 carats that have been auctioned throughout history. A 163.41 carat diamond, considered the heaviest in history, was sold in Geneva for 33.8 million dollars, a figure that includes taxes and commissions. But while it broke the weight record, it did not do so in terms of price. In April 2017, the pink “Pink Star” diamond was auctioned by Sotheby’s in Hong Kong for $ 71.2 million.

The auction house announced that collectors will be able to bid on September 15, and that the symbolic starting price is 1 Hong Kong dollar or 13 US cents.

“Diamonds, like any other object, are not immune to market fluctuations,” Bruning said. “That said, we have registered in the last six months a real demand for jewels and precious stones,” he said. “The market has been very robust,” despite the coronavirus pandemic, the specialist noted, adding that investors “are perhaps looking for a place to put their money.”

Carved from a 271-carat stone that was obtained in the mountains of Ontario at the Victor de De Beers mine (Canada), Sotheby’s announced that collectors will be able to attend the auction of this gem in person.



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