This 102.39-carat diamond for the first of its kind to sell without a reserve and it fetched $15.6 million in auction

An exceptionally rare 102.39-carat diamond recently came to auction at Sotheby’s. And while it was expected to rake in quite the big bucks, the gem garnered a whopping $15.6 million on sale. Yes, that’s right!

The first of its kind to be sold without a reserve, the diamond was cut from a larger rock discovered in 2018 in Ontario, Canada. It was then cut and polished over a year by Diacore, a specialist in sourcing, cutting, and polishing extraordinary diamonds. The stone has been classified as “D color,” the highest grading for a white diamond, and is considered “flawless.” It belongs to a rare cluster of gems that contain little to no oxygen and has been rated at the top in each of the “four Cs” – cut, color, clarity, and carat weight.

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Commenting on it, Patti Wong, Chairman of Sotheby’s Asia in a statement said, “This extraordinary gem needed no help from a pre-sale estimate or reserve to reach its rightful price—just the instinctive desire of collectors to own one of the earth’s greatest treasures.” The diamond’s winning bid went to a private collector from Japan who named it “Maiko star” after his second daughter. The same collector also bought the uber precious 88.22-carat “Manami Star” at Sotheby’s in April 2019. Well, it looks like diamonds sure is his best friend!

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[Via: Forbes]

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A lawyer with a zeal for writing, Ekta has a deep love for linguistics, travel, and philosophy. Not an adrenalin junkie but likes going on occasional hikes to beat the weekday blues. Her bucket list includes escapades to Vietnam, Cambodia, and Morocco.