Economy

Largest Diamond Ever Auctioned Expected To Sell For Up To $35 Million

Largest Diamond Ever Auctioned Expected To Sell For Up To $35 Million”

The colourless diamond was taken from a 404-carat stone found in Angola.

A diamond necklace featuring a flawless 163-carat diamond - the largest of its kind to be auctioned - has fetched $33.5m (£25.5m) at a Christie's event in Geneva.

Sotheby's plans to sell the ring at the Magnificent Jewels auction at the Four Seasons Hotel des Bergues in Geneva on Wednesday.

A team of 10 specialists in NY cut the jewel from a rough 404-carat stone discovered in Angola past year, the biggest diamond ever found in that country.

Some of the world's rarest and most valuable gemstones are up for auction, they all command multi-million dollar price tags, but there is one particular diamond that has become the talk of the town.

But some had expected The Art of Grisogono, which Christie's described as a "masterpiece of unparalleled beauty and exquisite workmanship", to fetch even more.

The pink stone, originally dug out of the ancient mines of Golconda in south-central India, sparkled on the crowns of Louis XV and Louis XVI, who was guillotined during the French Revolution.

Tuesday's sale marked the first time the diamond appeared at auction in 130 years.



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