Thursday 14 March 2013

Will A 101.73 Ct D/FL Diamond Break Price Records

Will A 101.73 Ct D/FL Diamond Break Price Records

(IDEX Online News) – A 101.73-carats D Flawless diamond will be on the auction block this May. The rare diamond was polished from a 236 carats rough diamond mined at De Beers' Jwaneng mine in Botswana.

The exceptionally rare pear-shaped diamond is a Type IIa, making it an even rarer.

Auction house Christie's Geneva, which will offer the diamond on May 15 at the Magnificent Jewels auction, did not provide a price estimate for the diamond. Last November, the Archduke Joseph Diamond, a cushion-shaped D/IF diamond weighing 76.02 carats sold for $280,000 per carat.

Continued demand for exceptional diamonds – large D/IF and colored diamonds – is driving up their prices at auction houses around the world. Many of the buyers are investors that intend to see prices continue and appreciate in the years ahead.

The high demand is leading to new price records and this 101.73-carats diamond may set another.

This is the first time the diamond is on the block after it took 21 months to plan and polish it.