Sometimes I feel places like Sotheby’s are doing a special service to the opulent. They keep ensuring that the rich keep getting rare things at obscene rates. Another rare gem (quietly literally), an emerald-style cut diamond of 52.82 carats, is up for auction at the Sotheby’s Geneva Spring 2010 sale of Magnificent and Noble Jewels. Rated as a D flawless stone and evaluated as a Type IIa diamond, these diamonds are popularly known as Golconda diamonds. The rare stone is touted to fetch over $7 million.
Other interesting gemstones to come under the hammer include a vivid blue pear-shaped 5.02-carat diamond encrusted in a ring, a 5.42-carat diamond, and a huge cushion-shaped intense blue7.64 carats diamond ring weighing 7.64 carats that are said to fetch anything between $4 million and $6 million.