Diamond worth $12.7m to feature at Sotheby’s Magnificent Jewels auction

An 88.22ct, D Colour, flawless, Type IIa, oval brilliant diamond will lead Sotheby’s Hong Kong Sale of Magnificent Jewels and Jadeite auction on 2 April 2019.

The diamond, estimated to be worth between $11.2m – $12.7m (£8.5m – £9.7m), is one of only three oval diamonds of over 50 carats to appear at a Sotheby’s auction, and the largest to be auctioned in over five years.

Patti Wong, chairman of Sotheby’s Asia, said: “When you think that one ton of mined earth yields less than a carat of diamond, and that high quality diamonds over 10 carats are a rarity, the discovery of a 242-carat rough,of gem quality and exceptional size, is nothing short of a miracle.

“The perfect 88.22-carat diamond is a summary of everything: a wonder of nature, a masterpiece resulting from man’s ability to shape the hardest material on earth into an object of ultimate beauty and the most concentrated form of wealth, as stated by Pliny the Elder almost 2000 years ago. “

Describing the stone, David Bennett, worldwide chairman, international jewellery division, added: “For those who have had the chance to see the diamond, one adjective comes back: ‘breathtaking’. Barely any diamonds of this weight are known to possess the same exceptional qualities of purity and perfection as this remarkable stone which is so full of fire and blinding brilliance.”