Record Breaking Price for Emerald Cut Diamond

A 100.20 carat, internally flawless, D color, Type IIA diamond was sold at a remarkable $22.1 million at Sotheby’s Auction on 21^st April. The diamond known for its exceptional features and quality is now also known as the world’s most expensive diamond. The diamond was sold at a price which was true to the name of the exhibits- Magnificent Jewels. With this record breaking price and flawless features, this magnificent diamond now belongs to a league of its own. The diamond was sold at such a staggering price because it is a perfect emerald cut diamond to ever appear at an auction. Moreover, it is 100 carats which makes it a gigantic rock.

Being the most expensive emerald cut diamond is not the only title held by the gemstone. The diamond is also the first colorless one to command such a price. The diamond was extracted from a South African mine and originally weighed 200 carat. This was cut and given the emerald shape which took a year. It is rare to find an emerald cut diamond in such gigantic measurements. Therefore, the stone has already attracted lot of interest from people around the world. Over the last 25 years, 6 perfect diamonds have been sold at high prices at Sotheby’s auctions. This is the 6th one.

Other than this huge rock, chunky engagement rings were also top draws at Sotheby’s auction. Among the top draws were a purplish pink fancy diamond and sapphire ring which drew $2.4 million and a 22.30 carat oval-cut diamond ring that garnered $3.3 million. The colored gemstones were equally liked by enthusiasts and a particular diamond and emerald pendant was sold at a price of $2.8 million making it the third highest bid at the auction. Not just the new modern pieces, the show garnered equal acceptance for the vintage ones dating back few 100 hundred years.

A necklace belonging to 1920s in the design marking the Mughal era was sold for $2.6 million at the auction. The necklace is encrusted with diamonds, sapphires, lapis lazuli and emeralds. It is said to have belonged to the wife of Baron Eugene de Rothschild. Another expensive engagement ring was picked up by an online bidder for $1.9 million. It is a Kashmir diamond and sapphire ring which dates back to 1915. The second highest bid of the day involved a majestic 22.30 carat diamond ring sold at $3.3 million online. Lastly, a diamond brooch was also sold at $1 million.