Hong Kong: A 118.28-carat white diamond broke a world record today when it fetched more than $30 million at a Hong Kong auction.
The sparkling translucent stone was sold to a phone bidder at the Sotheby's auction for HK$238.68 million (30.6 million dollars) following bidding that lasted for more than six minutes.
The egg-shaped stone has been described as the finest of its kind ever to appear at auction. Earlier estimates valued it at $28-$35 million.
As a rough stone before being cut, it weighed 299 carats.
"D colour" diamonds are rare and colourless and fetch premium prices.
Hong Kong has become a centre for jewellery auctions thanks to growing wealth in China and other parts of the region.
The sparkling translucent stone was sold to a phone bidder at the Sotheby's auction for HK$238.68 million (30.6 million dollars) following bidding that lasted for more than six minutes.
The egg-shaped stone has been described as the finest of its kind ever to appear at auction. Earlier estimates valued it at $28-$35 million.
As a rough stone before being cut, it weighed 299 carats.
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"D colour" diamonds are rare and colourless and fetch premium prices.
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Hong Kong has become a centre for jewellery auctions thanks to growing wealth in China and other parts of the region.
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