Sotheby’s Hong Kong to Offer 118ct Great White Diamond

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On the heels of the record-setting sale of the 101.73-carat Winston Legacy at Christie’s earlier this year, rival auction house Sotheby’s announced last week that it will offer a 118-carat, D-flawless, type IIa oval diamond in its Hong Kong sale of Magnficient Jewels and Jadeite next month.  Touted as the “greatest white diamond ever to appear at auction”, this colossal stone joins only four other white diamonds of similar quality over 100 carats ever sold at auction, of which Sotheby’s has sold three.

Sotheby's will auction this 118-carat diamond in Hong Kong on October 7th, 2013

Sotheby’s will auction this 118-carat, D flawless, type IIa diamond in Hong Kong on October 7th, 2013
Photo courtesy of Sotheby’s

For Sotheby’s David Bennett, the auction house’s “experience with diamonds of this size and quality is unparalleled.”  Sotheby’s is also renowned for its exquisite, rare colored diamonds, of which its Hong Kong sale will offer The Premium Blue - a 7.59-carat round brilliant fancy vivid blue diamond estimated to fetch US$19 million – alongside the 118-carat great white diamond.

Sotheby's Fancy Blue Diamond on Display

A Sotheby’s employee models the auction house’s fancy vivid blue diamond
Photo courtesy of Associated Press

Originating from the deep mines in Southern Africa, the discovery of the 299-carat rough in 2011 marks one of the most significant finds of diamond rough of such exceptional quality and beauty in recent years.  Many months of meticulous sculpting resulted in the present 118.28-carat oval-shaped stone, which Sotheby’s estimates to achieve US$28 to $35 million (HK$220-280 million) at auction on October 7th, 2013.

MagnificentOvalDiamondSothebysHK1

The remarkable diamond, roughly the size of an egg, is “a fitting offering in celebration of Sotheby’s 40th anniversary in Asia,” notes Quek Chin Yeow, Chairman of Sotheby’s International Jewelry Division in Asia.  Quek hopes the sale of both superb stones will set a record for the largest jewelry auction ever.  I hope so too!

Sotheby's 118 Carat White Diamond

The magnficient diamond is roughly the size of an egg.
Photo courtesy of Associated Press

 

The Four Largest D Color Perfect Diamonds Ever Sold At Auction

The Mouawad Splendor

mouawad_splendor

Photo courtesy of Mouawad

101.84 carats, modified pear shape, D color, Internally Flawless

Sold for US$12.8 million at Sotheby’s Geneva in 1990

The Star of Happiness

(sorry, no photo available online)

100.36 carats, rectangular shape, D color, Internally Flawless

Sold for US$11.9 million at Sotheby’s Geneva in 1993

The Star of the Season

staroftheseasondiamond

Photo courtesy of Famous Diamonds

100.10 carats, pear shape, D color, Internally Flawless

Sold for US$16.4 million at Sotheby’s Geneva in 1995

The Winston Legacy

harry_winston_diamond

Photo courtesy of Swatch Group

101.73 carats, pear shape, D color, Flawless

Sold for US$26.7 million at Christie’s Geneva in 2013

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