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Sotheby’s: 88.22-Carat Diamond Could Bring $12.7 Million

publish:2019-03-04

At its upcoming Hong Kong Sale of Magnificent Jewels and Jadeite on April 2, Sotheby’s will be offering an 88.22-carat, flawless diamond as the top lot. According to the auction house, the 88.22-carat, D Colour, Flawless, Type Ila, oval brilliant diamond is estimated to fetch between $11.2 million and $12.7 million.
 
In a press release, Sotheby’s said that the diamond is “one of the only three oval diamonds over 50 carats to appear at auction in living memory, 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 …]”. David Bennett, Worldwide Chairman of the International Jewellery Division, said that the stone is “breathtaking” and added: “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”.
 
Source: Sotheby's

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