Business

‘The Rock’, the largest white diamond ever auctioned, sells for $ 21.9 million




The largest white diamond ever auctioned sold for as much as $ 21.9 million at Christie’s annual Magnificent Jewels sale today.

The 228.31 carat masterpiece was sold to a person whom Christie’s refused to name or even quote where they live. One of the diamond’s three previous buyers was based in the United States; the other two in the Middle East.

The Rock was mined in the early 2000s, and was previously owned by a family of avid jewelry collectors, who turned it into a chain and decided to sell the gemstone after eight years to invest in other stones for their collection, he said. Max Fawcett, a Christie̵[ads1]7;s jewelry specialist based in Geneva.

“This stone is the central tent piece in any jewelry collection and stands as one of the rarest gemstones on earth,” Fawcett said.

‘The Rock’, the largest white diamond ever auctioned, sells for $ 21.9 million
The largest white diamond ever auctioned – known as “The Rock” – sold today for more than $ 21 million at Christie’s annual Magnificent Jewels sale.
AFP / Getty Images
Although the diamond was sold for $ 21.9 million, it yielded nearly $ 10 million less than expected.
Although the diamond was sold for $ 21.9 million, it yielded nearly $ 10 million less than expected.
Christie’s

It may be one of the most difficult stones to obtain, but it was not sold for the expected amount. Back in mid-April, Christie’s was hoping to raise well over $ 30 million for the diamond. But our post-pandemic time, when top society doyennes do not run out as much, may have been a factor in the reduced price.

After all, the diamond’s other owner “took The Rock to Cartier to get a necklace ordered with it,” Fawcett said. ‘Unfortunately, when they sold the diamond to the new owners [who just sold it at auction today]they kept the chain, and now it’s just a basket attached again. ”

Lady Gaga Tiffany Diamond
Lady Gaga wore the Tiffany diamond, which is about the size of The Rock, to the Oscars in 2019.
Frazer Harrison / Getty Images
Stones
The Rock is about the size of an egg.
Karim Sahib / AFP via Getty Images

Christie’s, which has sold a number of record-breaking gemstones including a fancy blue diamond, first showed The Rock in New York and sent it on stops to Dubai and Taipei before selling it in Geneva today.

The famous 287.42 carat Tiffany diamond from 1877, which Lady Gaga wore to the Oscars in 2019, was discovered in mines not far from the one where The Rock was excavated.



Source link

Back to top button