81°F
weather icon Clear

Rare white diamond expected to fetch more than $33M at auction

LONDON — A white diamond billed as the largest and purest of its type to come to market is expected to sell for well over $33 million.

Sotheby’s auction house says the 102.34-carat gem mined from Botswana “is the only known round brilliant-cut diamond over 100 carats perfect according to every critical criterion” — carats, color, clarity and cut.

Sotheby’s diamond department head Patti Wong called it “over 100 carats of flawless perfection.”

The diamond went on display Thursday at Sotheby’s London showroom and is being offered for private sale. It’s expected to fetch a price “considerably higher” than the $33.7 million auction record for a white diamond.

The auction record for any diamond is held by the “Pink Star,” which sold for $71 million at Sotheby’s Hong Kong in 2017.

MOST READ
Don't miss the big stories. Like us on Facebook.
THE LATEST
Get ready for higher beef prices in the US

American beef lovers may face even leaner plates and higher prices next year as US production shrinks to a decade low and tariffs limit imports, according to a US government projection.

Costco fans are begging for a new feature on the app

Big-box retailers like Costco encourage in-store purchases, but still offer online services, including their mobile app. According to some Costco shoppers on Reddit, the app is missing one very important feature.

MORE STORIES