Sotheby’s in Hong Kong is preparing for one of the high-end auction house’s most sensational sales this year.
Always astonishing diamond aficionados around the globe, Sotheby’s is offering a stunning, oval-shaped, white diamond for auction. At about the size of a small egg and with a 118.28 carat weight, the flawless diamond has already gained distinction as the largest grade D oval diamond to be certified by the Gemological Institute of America (GIA).
Discovered in the diamond mines of South Africa in 2011, the diamond exhibited beauty even in its raw uncut form. After considerable examination and delicate cutting, the diamond is now ready for sale. Quek Chin Yeow, Chairman of Sotheby’s Asia’s International Jewelry Division, said in a statement that the diamond “…is the largest D-Flawless diamond ever to appear at auction. The stone is [also] absolutely faultless and unbelievably beautiful.”
David Bennett, Chairman of the International Jewelry Division of Sotheby’s in Europe and the Middle East, stated that the diamond will be a splendid continuation of Sotheby’s reputation for selling magnificent white diamonds.
The D-Flawless oval diamond is expected to fetch a maximum bid of $35 million. Also on auction at this sale will be “The Premium Blue”, the largest round fancy color diamond today. Other luxurious items for sale will be a set of two jadeite necklaces, a peacock brooch, and Burmese ruby ring. The auction entitled “Magnificent Jewels and Jadeite” marks Sotheby’s 40th year in Asia and will be held on the 7th of October.