Angola Diamond To Sell For USD30M

Angola Diamond To Sell For USD30M

Dlawless 163-carat diamond fetches $49.4 million in Geneva auction

A famous diamond, linked to French royalty, was sold for almost $15 million at auction in Geneva on Tuesday (November 14).

With a drawn-out round of rapid-fire bidding starting at £15million, the necklace was finally sold to a telephone bidder, who wished to remain anonymous. Experts, however, are bitterly disappointed as they had expected the diamond to be sold for at least £12 million more.

The stone has been processed for three weeks by a team of 14 jewelers.

The diamond itself was cut from a 404 carat rough rock which was found in February of 2016 in Angloa's Lulo mines. The necklace is made of 18 diamonds on one side and two rows of pear-shaped emeralds on the other.

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A staff member poses with 'Le Grand Mazarin, ' a legendary 19.07-carat pink diamond, during a preview of Christie's auction sale in Geneva November 8, 2017.

This stone discovered a year ago in Angola is so pure and so large that even Christie's jewellery director David Warren can't contain his enthusiasm. This is the first time that the spectacular diamond has been sold at public auction since the famous sale of the French Crown Jewels in 1887.

The Geneva autumn auction season concludes on Wednesday, when Sotheby's will auction a pink diamond worth as much as US$30 million.

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