Sotheby’s Hong Kong to Offer 118ct Great White Diamond
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.
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.
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.
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!
The Four Largest D Color Perfect Diamonds Ever Sold At Auction
The Mouawad Splendor
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
100.10 carats, pear shape, D color, Internally Flawless
Sold for US$16.4 million at Sotheby’s Geneva in 1995
The Winston Legacy
101.73 carats, pear shape, D color, Flawless
Sold for US$26.7 million at Christie’s Geneva in 2013
New York Magnificent Jewels 2013 Auction ResultsDecember 31st, 2013
Christie’s Orange Diamond Sells For Record $35.5 MillionNovember 12th, 2013
Highlights from Sotheby’s Geneva Autumn Magnificent Jewels SaleOctober 18th, 2013