-- A 101-carat, near-flawless diamond may fetch more than $8 million at a Christie's International sale in Hong Kong, the first time a gem of this quality and weight is auctioned in Asia.
The squash-ball sized stone, highlight of Christie's jewelry sale on May 28, has the third-highest clarity rating of VVS1 and the third-best ranking on a scale used to measure colorlessness. Colored diamonds are graded on a different scale, is now on exhibition in London and is also the biggest white diamond at auction in nearly two decades.
The colorless diamond is the fourth of more than 100 carats offered at auction. The last three were in Geneva.Cut from a 460-carat rough stone, the gem is now on exhibition in London and is also the biggest white diamond at auction in nearly two decades, Christie's said.
Sancroft-Baker said companies were no longer holding large diamond stockpiles and fewer stones were being dug out of the earth. He said that only one or two 100-carat diamonds were found per year.
"Lucky that didn't hit a chair,'' said a relieved Sancroft- Baker." "Diamond is the hardest substance in the world, but it can chip."
So far the amazing the diamond is still unamed, and the lucky buyer get's the right to name the stone..Good Luck to All the Buyers!
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