88.22 carat diamond to go under the hammer at Sotheby’s Hong Kong for $11.2 million


Considering Sotheby’s is known to auction off the most magnificent items on the planet, it is only opportune that the auction house in Hong Kong has been selected to sell an 88.22-carat diamond. Estimated to go under the hammer for $11.2 million – $12.7 million, the diamond is brimming with finer qualities like a D colour, flawless, type Ila and oval brilliant gem – which properly seems like Greek and Latin to us diamond amateurs but let me tell you, it’s simply splendid.

Befittingly, Sotheby’s has labelled the stone as ‘perfect’ based on “every critical criterion” that diamonds are measured. Boasting the highest ranking for the 3 C’s – colour, clarity and cut, the diamond is also extremely well polished and symmetrical.

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Past records of Sotheby’s can vouch for the fact that only few diamonds have ever been offered at auction of more than 50 carats that have all of these qualities.

Sotheby’s also went further to say in a statement that the Type IIa designation means it is the most chemically pure type of diamond with exceptional optical transparency. It comprises fewer than 2% of all gem diamonds.

Discovered in the Jwaneng mine in Bostwana, the finished diamond was from a 242-carat rough stone. The owners of the mine are De Beers and the government of Botswana.

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“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,” said Patti Wong, chairman of Sotheby’s Asia. “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.”

[Via:Forbes]