Russia's Almost 101-Carat Diamond Sold For Over $14Mln At Christie's
Faizan Hashmi Published May 13, 2021 | 02:00 AM
GENEVA (UrduPoint News / Sputnik - 13th May, 2021) Russia's biggest-cut colorless diamond of 100.94-carat, The Spectacle, fetched 12.8 million Swiss francs ($14.1 million) at Christie's auction in Geneva, a Sputnik correspondent reported.
The gem, which was cut from a 207.29-carat rough stone, was discovered by the Alrosa diamond mining company in Russia's Far East in 2016. The Spectacle is one of the biggest diamonds mined by Alrosa in the 21st century.
It was sold to a private client for 12.8 million Swiss francs, or 138,000 per carat.
According to Christie's experts, this suggests that the market has begun to actively recover from a slight lull during the pandemic.
Notably, the Spectacle is not the most expensive 100-carat diamond in the history of Christie's auction. In 2013, a 101.73-carat Winston Legacy diamond fetched $26.7 million, while in 2017, the 163.41-carat Creation I diamond was sold for $33.7 million.
Recent Stories
London, Frankfurt stocks hit record highs on rate-cut hopes
May 9 culprits must be brought to logical end: Hanif Abbasi
Sanchez escapes through dust and gravel for nervy Giro triumph
Balochistan Assembly passes resolution to condemn May 9 attacks
Spain govt vows to block hostile BBVA bid for rival bank
NADRA holds open court to resolve public issues in Quetta
In south Brazil, race on to deliver aid ahead of new storms
Appeals against cipher case verdict adjourned till May 15
PIPS collaborates with CfP to enhance technological, educational infrastructure
China launches new satellite
Incidents of misbehavior with patrolling officers are unacceptable: IG NH&MP
Police arrests drug supplier, recover mainpuri
More Stories From World
-
History-makers Atalanta reach Europa League final
9 minutes ago -
Man shoots two officers in Paris police station: source close to case
19 minutes ago -
Hamas says 'ball is completely' in Israel's hands in Gaza truce talks
19 minutes ago -
Slain Australian surfers' bodies arrive in US on journey home
49 minutes ago -
Tennis: Rome Open results - 1st update
7 hours ago -
Chad PM claims first-round win in presidential vote
7 hours ago
-
Olympic torch relay completes its first day in France with arrival at Marseille's Velodrome
8 hours ago -
Nadal wants to lose fear factor after winning Rome opener
8 hours ago -
FIFA claim Club World Cup schedule 'harmonious' as legal threat looms
8 hours ago -
Pause on US weapons shipment to Israel too little too late: Rights advocates
8 hours ago -
Chad election results to be announced ahead of schedule
9 hours ago -
UN official says Israel closure of Gaza crossings 'completely crippling' aid
9 hours ago