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Rare 102 Carat Diamond
Sold in Hong Kong

This rare diamond was sold for $16 million at online auction by Sotheby's

HONG KONG - 7. October 2020 - A rare 102-carat diamond was sold to an unknown buyer for $15.7 million at an online auction organized by Sotheby's. The buyer made the offer over the phone, which according to experts is a bargain price for such a valuable diamond.

The auction house stated that this is the first time they sold such a valuable stone online. The auction was done online because of the COVID-19 pandemic.

This rare diamond was cut from a raw 271-carat diamond found in 2018 in a Canadian mine. The cut diamond was classed flawless and it would be difficult to determine its purity and true value, according to Sotheby's.

Monitors online with computer code, against a city backdrop
Owign to the COVID-19 pandemic, many have switched to doing
business online. So, this Sotheby's auction was also held online,
resulting in this rare diamond sale.

Only 7 diamonds left over 100 carats

There are only 7 other diamonds in the world that are larger than 100 carats, of equal quality.

In 2017 the other auction house, Christie's, sold a necklace with 163-carat diamond for $33.7 million at an auction in Geneva. This particular diamond was cut from a raw 404-carat diamond found in Angola.

In the same year, a rare pink diamond of 19 carats was sold at an auction for $45.95 million.

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