Sotheby’s to Sell Record 111ct. Diamond

RAPAPORT…
The largest round diamond in auction history will feature in Sotheby’s Magnificent Jewels sale in New York next month, carrying a price
estimate of up to $6.2 million.

The 110.92-carat, L-color, faint brown, VS1-clarity loose diamond (pictured, right) holds a Gemological Institute of America (GIA) report showing it has excellent
polish, cut and symmetry, Sotheby’s said Thursday. Its low estimate of $4.2
million would translate to $37,865 per carat, while the high estimate works out to $55,896 per carat.

However, the top lot of the auction is expected to be an
emerald-cut, 5.69-carat, fancy vivid blue, VVS1-clarity diamond ring (left) with an
estimated selling price of $12 million to $15 million, or up to $2.6 million
per carat. The diamond may have the potential for a cutter to make it
internally flawless, the auction house pointed out.

“We’re thrilled to present supreme examples of the world’s
most sought-after jewels and gemstones this season,” said Gary Schuler, chairman
of Sotheby’s jewelry division for the Americas. “Greatly admired for their
rarity, these are gems that are enthusiastically pursued by collectors and
connoisseurs.”

Other lots at the December 5 auction will include a 15.01-carat ruby
and diamond ring, estimated at $2.5 million to $3.5 million; a cut-cornered
rectangular mixed-cut, 5.24-carat, fancy intense orangy-pink, VS2-clarity
diamond ring, with a price tag of $1.8 million to $2.2 million; and an
oval-shaped, 14.01-carat, D-color, VVS1-clarity diamond ring carrying an
estimate of $1.5 million to $2.5 million.

Image: Sotheby’s