Europe

Christie’s auctions the largest white diamond ever

Christie’s Geneva will auction a 228.31 carat pear-shaped diamond known as “The Rock” on May 11.

Rahul Kadakia, International Head of Jewelery at Christie’s, said: “I’ve been here for 25 years. Christie’s has been here for 256 years. And ever since, this is the largest stone in this shade we sell.”

White gems were mined and polished in South Africa over 20 years ago.

The May 11 auction will also feature a yellow 205.07 carat diamond known as the “Red Cross Diamond.”

“That is, it’s very rare to have two 200 carat diamonds in a single auction. The Red Cross diamond weighs 205 carats and was mined at the De Beers mine in South Africa in 1901 and Christie’s London in 1918. Sold during the war at the Red Cross Auction, “said Kadakia.

“The stone was put up for sale by the Diamond Syndicate. When the entire auction reached £ 50,000 ($ 62,500), it reached £ 10,000 ($ 12,500). Then, in 1973, it was put up for sale at Christie’s in Geneva. And achieved CHF 1.8 million ($ 1.8 million), and now, for the first time in 104 years, the Red Cross Diamond will be auctioned again in Geneva on May 11. “

Flashy brilliant-cut diamonds turn yellow from nitrogen atoms.

Its estimated selling price is between $ 7 million and $ 10 million. A portion of the proceeds from the sale will be sent to the International Red Cross.

Kadakia says he is optimistic about upcoming auctions.

“The current state of the stock market gives investors the opportunity to buy art and important diamonds as a hedge against what’s happening, and prices continue to rise, as with rare art and objects, and perhaps sell them. I think I’m hoping to put it out at another time. Do you know? Maybe these stones will be sold again 10 years from now, “he said.

(Reuters)

https://in-cyprus.philenews.com/christies-to-auction-off-largest-white-diamond-ever-to-come-to-sale/ Christie’s auctions the largest white diamond ever

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