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100-carat diamond nabs $14M at auction

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100-carat diamond nabs $14M at auction

The largest diamond ever cut in Russia has been fitted with a US$14-million price tag.

The internally flawless, 100.94-carat ‘Spectacle’ effectively stole the show when it went under the hammer at Christie’s Magnificent Jewels auction in Geneva last week, selling for $141,000 per carat.

Manufactured from a rough stone mined at Alrosa’s Zarnitsa pipe in Yakutia, the rectangular-cut, D-colour stone was expected to fetch between $13.2 million to $19.8 million.

“Christie’s saw strong bidding from all over the world both online and on the telephone, with clients back in the room for the first time in over a year,” said Max Fawcett, head of the jewellery department at Christie’s, according to Rapaport. “The market demonstrated incredible strength, and prices were strong in both diamonds as well as historic and signed jewellery.”

The sale garnered a total of $63.5 million. To view full results, click here.

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