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A “PERFECT” white diamond which is expected to fetch a record price of up to US$35 million when it is auctioned in Hong Kong next month made its first appearance in the city yesterday.
The egg-shaped 118.28-carat “Magnificent Oval Diamond” is the largest of its kind.
It has already been showcased in London, New York and Geneva, and will be exhibited in Doha before the sale.
Although the official estimate is set between US$28 and US$35 million, Sotheby’s says it could command more when it goes under the hammer on October 7. The current record is US$26.74 million.
“It’s a perfect diamond. There’s not a better diamond ever offered anywhere in the world,” Sotheby’s Terry Chu said.
The stone, described by Sotheby’s as “the largest D color flawless diamond,” has the highest quality rating awarded by the Gemological Institute of America, she said.
“D color” diamonds are rare and colorless, fetching premium prices. “We can very confidently believe that this diamond should go at what we expected or has a good chance to go beyond what we expected,” Chu said.
Two jadeite bead necklaces from China, worth up to US$3.8 million, are also for sale.
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