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The ultimate emerald cut diamond ring

The ultimate emerald cut diamond ring

Although a little old, but I recently re-stumbled upon this article from JCK Magazine online that I bookmarked because it’s not every day that you see a 100.2 carat emerald cut diamond sold at auction. The ring had been dubbed the “Ultimate Emerald Cut Diamond” by Sotheby’s who sold the emerald cut diamond ring at auction for almost $22.1 million dollars. That’s twenty-two million dollars and one hundred carats! Wow. Just look at the size of that spectacular chunk of ice sitting on this woman’s hand. We Do Big Rocks at Brian Gavin, but I’ve never seen anything like this. Photo courtesy of Sotheby’s by way of JCK Magazine.

According to Lisa Hubbard, chairman of Sotheby’s International Jewelry Division for North and South America, “This diamond is exceptional in every sense of the word, and we were thrilled to see it achieve such a strong result.” She added “Including today’s result, only six perfect diamonds weighing over 100 carats have sold at auction in the last 25 years—a testament to the incredible rarity of these stones. Sotheby’s sold five of those spectacular diamonds, including sales in Geneva, Hong Kong, and now New York.”

Top lots of Sotheby’s diamond auction:

  • The Ultimate Emerald-Cut Diamond, 100.2 ct., $22,090,000
  • Magnificent Oval Diamond Ring, 22.3 ct., $3,250,000
  • The Flagler Emerald, 35.02 ct., $2,770,000 (Colombian emerald and diamond pendant)
  • The Baron de Rothschild Necklace, $2,590,000 (emerald, sapphire, lapis lazuli and diamond pendant-necklace, designed by Charles Jacqueau for Cartier, Paris, ca. 1924).
  • Magnificent Pear-Shape Fancy Purplish Pink Diamond and Kashmir Sapphire Ring, 6.24 ct., $2,410,000

Ten other jewels commanded prices of more than one million dollars, and four of those were purchased by people participating in the auction online. Including the second highest priced item of the auction, a “Magnificent Oval Diamond Ring” weighing 22.3 carats, which sold for $3,250,000.00

“It was encouraging to see the impact of private collectors throughout the day, including at the highest end of our sale: Eight of our top 10 pieces were purchased by private individuals,” said Gary Schuler, head of Sotheby’s New York jewelry department.

Incredible 341.9 carat piece of diamond rough found by Lucara:

While we’re on the subject of Big Rocks, this 341.9 carat piece of diamond rough recovered at the Karowe Mine in Botswana by Lucara Corp is worth of mention. Take notice of how the piece of diamond rough compares to the diamond grading loupe that is set beside it for purposes of scale.

Lucara reports that the diamond is type IIa diamond crystal with exceptional color and clarity.

“The recovery of this magnificent stone once again confirms the quality of diamonds contained within the Karowe resource,” said William Lamb, president and CEO of Lucara Corp.

JCK Magazine reports that the diamond will be sold alongside two other diamonds of more than 100 cts. that have also been recovered in the Karowe Mine in Botswana.

Photo courtesy of Lucara Corp.

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