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Sotheby’s sells 102-carat diamond for record-breaking £12m

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Sotheby’s has broken new ground with the sale of a 102.39-carat, D-colour flawless oval diamond at its latest Hong Kong auction.

The stone went to a bidder for HK$121.6 million (£12.1 million), which the auctioneer said was the highest value bid ever placed on a jewel online.

Also of note, the diamond was offered without reserve, meaning the highest bidder would take it regardless of the bid, the first world-class diamond ever to have been sold in this way.

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Sotheby’s also claimed that it attracted more bidders than any other diamond of this calibre has seen.

The auction house tweeted: “From HK$1 to HK$100+ million! The first world-class diamond ever auctioned without reserve, this 102.39-carat D Colour Flawless Diamond attracts strong bidding from around the world, and sells for HK$121.6m / US$15.7m!”

Bidding for the stone can be watched on Sotheby’s website.

 

Tags : Sotheby'sSotheby's diamonds
Sam Lewis

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