Here's what a $20 million diamond looks like
This 101.73-carat gem has been 'sculpted like a work of art' and will be auctioned next month.
One of the largest flawless diamonds in the world heads to the auction block next month, and the jewelry world is buzzing.
The pear-shaped gem weighs 101.73 carats and is one of the most perfect diamonds in the world, according to Christie's, which will hold the auction in Geneva. Christie's head of jewelry, Rahul Kadakia, says the diamond "has literally been sculpted like a work of art."
The diamond is considered perfect because of its color, which is rated "D," and its flawless clarity. It's also completely symmetrical and has a rare brilliance, Christie's says.
Experts say the diamond will likely sell for between $20 million and $30 million and could break the auction record set by the $21.5 million purchase of the 76-carat Archduke Joseph Diamond last year.
"This looks like one for the books," notes industry publication JCK Magazine, adding that the diamond is also a "Type IIa." Fewer than 2% of the diamonds in the world fall into that category. You won't be seeing this type of stone at Tiffany (TIF) anytime soon.
The jewel was fashioned from a 236-carat rough diamond mined from Botswana's Jwaneng mine, which is owned by De Beers, JCK reports.
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