OF ALL THE MILLIONS OF DIAMONDS IN THE WORLD, THIS IS THE ONE I WANT!
Sotheby’s to Offer the Greatest White Diamond
Ever to Appear at Auction
The 118.28 Carat, D Color, Flawless, Type IIa,
Magnificent Oval Diamond
Is Estimated to Achieve
– US$28/35 Million / HK$220/280 Million –
Continuing in its pioneering tradition of offering the world’s most perfect white diamonds of truly exceptional size, Sotheby’s is honored to announce that it will offer a Magnificent Oval Diamond of Supreme Importance in its Hong Kong auction of Magnificent Jewels and Jadeite on 7 October 2013.
The remarkable 118.28 carat, D color, Flawless, Type IIa stone of Excellent Polish and Excellent Symmetry is the largest D color Flawless diamond ever to appear at auction, as well as the largest oval shaped, D color Flawless or Internally Flawless diamond ever graded by the Gemological Institute of America (GIA). Only four other white diamonds of this quality over 100 carats have ever been sold at auction, of which Sotheby’s has sold three – the present stone is nearly 20% larger than the first and previously largest ever offered, the 101.84 carat ‘Mouawad Splendour’, sold at Sotheby’s in 1990. Each of those four stones was offered in Geneva salesrooms, making the Magnificent Oval Diamond the first D color diamond of this size ever to appear at auction in Asia, a testimony to the importance of Hong Kong as an international jewelry auction center.
Discovered in 2011 from the deep mines in Southern Africa, the 299 carat rough of the Magnificent Oval Diamond is one of the largest and most beautiful diamond roughs found in recent years. Carefully and meticulously worked over a period of months, the resulting stone is estimated to achieve US$28/35 million / HK$220/280 million at auction in October – in excess of the current highest price ever paid for any white diamond at auction.