Sotheby's To Sell Record Setting White Diamond

Sotheby's Hong Kong is selling what could be the largest and most valuable white diamond sold to date-and certainly one for the record books. The oval shaped 118.28 carat diamond is a D-flawless stone that is expected to sell for $35 million at auction. 118carat This spectacular over stone is the first ever D-colored stone of its size to be auctioned off in Asia. It is also the largest ever oval D-flawless OR internally flawless stone ever graded by the Gemological Institute of America. Most importantly, this stone is the largest D flawless stone to EVER appear at auction. Four other 100-plus-carat stones have been sold at auction with D-flawless or internally flawless grades. All four diamonds were sold in Geneva by Sotheby's or Christie's Auctions. “Over the course of the last 25 years, I have had the privilege of selling three perfect D color stones weighing over 100 carats, each with its own distinct personality and presence,” said David Bennett, chairman of Sotheby’s International jewelry division for Europe and the Middle East. “The present oval diamond is no exception--not only is it the largest and grandest by a significant margin, it also is the most regal and proud of this elite group.” The most recent stone sold, the Winston Legacy, 101.73-carat pear-shaped stone, currently holds the world record for any white diamond at auction for $26.7 million. The largest of the four 100 plus carat stones was the “Mouawad Splendour,” a 101.84-carat modified pear auctioned by Sotheby’s for $12.8 million in 1990. In 1993, Sotheby's sold the 100.36-carat rectangular-shaped “Star of Happiness,” for $11.9 million. In 1995, Sotheby’s sold “The Star of the Season,” a 100.10-carat pear-shaped diamond, for $16.4 million. At 118.28 carats, this stunning oval shaped stone will far surpass its predecessors in size, and hopes are that it will far surpass in price as well. The 118.28 carat rare diamond will be up for grabs on the Sotheby's Hong Kong October 7th auction. Alongside this diamond will be a 7.59 carat internally flawless fancy vivid blue diamond called "The Premiere Blue". premiereblue