Monday - 01 September 2014

New record for white diamond

14 October 2013Written by ATG Reporter

Sotheby’s crowned their five-day HK$4.2bn (£354.5m) sales series in Hong Kong this month with a record price for a white diamond.

The 'flawless' 118.28 carat unmounted oval brilliant-cut stone was mined and cut in South Africa two years ago and is the largest and most significant such stone graded by the Gemological Institute of America.

It sold for HK$212m (£17.9m) hammer on October 7, beating the previous record set at a premium-inclusive $26.7m (£16.6m) by Christie's in Geneva in May this year.

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