Monday, December 23, 2024

World’s biggest white diamond to ever auction, The Rock, sold for USD 21.75 million

The G-color is not the highest grade, but the top-grade D-colored diamond is the fourth on the underside.

Christie’s has said that ‘The Rock’, an egg-shaped white diamond, billed as the largest of its kind to go up for auction on Wednesday was worth more than 21.6 million Swiss francs (USD 21.75 million), including fees. Sold in the range of expected albeit at the low end.

The 228-carat pear-shaped G-colored stone, with its platinum pendant mounting, has a gross weight of 61.3 g (2.2 oz) and measures 5.4 cm by 3.1 cm (2.1 in by 1.2 in), making it one of the is about. One medium chicken egg.

The G-color is not the highest grade, but the top-grade D-colored diamond is the fourth on the underside.

The Rock was purchased by an unidentified private buyer, with pre-auction estimates ranging from 19 million to 30 million francs.

Max Fawcett, head of jewelry at Christie’s Geneva, praised a successful sale in an ‘unknown territory’ for a one-of-a-kind stone.

Read More: Bad news for Crypto lovers! NFT sales plummet by 92%, and several art owners lose money.

The ‘Red Cross’ diamond, a 205.1-carat fancy yellow stone, also sold on Wednesday for approximately 14.2 million francs, more than double the pre-sale estimate. The diamond was cut from a rough stone excavated in South Africa’s Griqualand mines in the early twentieth century and auctioned for the first time in 1918.

Fawcett testified to a ‘huge amount of interest’ in Red Cross diamonds, saying that an unspecified ‘7-figure amount’ from the proceeds of the sale to an unspecified private buyer would be donated to the International Red Cross Movement, a humanitarian aid organization based in Geneva.

spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

X changed its monetization policy, Elon Musk made a big change

The social networking platform X has decided to modify its artists' monetization approach. Users will now be less reliant on adverts as a result...

New feature given in the KTM 250 Duke, comes for Rs 2.5 lakh

The KTM 250 Duke's latest version is on the market. The TFT LCD on the KTM 250 Duke is new. Along with this, LED...

Apple to launch iPad Mini 7 on this day! know the details before launch

The iPhone 16 series is the newest iPhone series that Apple has released. Apple released four phones in this series: the iPhone 16, iPhone...

EMI to remain expensive, RBI makes no changes in the repo rate

The burden of high EMI is not alleviated. The 6.50 percent policy rate has been sustained by the Reserve Bank of India. This declaration...

Assistant Professor Recruitment in Delhi University, this is the last date

An announcement for Recruitment has been made by Delhi University for the position of Assistant Professor. The University (DU) has made this position available...

Most Popular

Subscribe

* indicates required