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Sotheby’s to Sell Record 111ct Diamond & 5.69ct Fancy Vivid Blue

The largest round diamond in auction history will be featured in Sotheby’s Magnificent Jewels sale in New York next month. Price estimate is $6.2 million, writes Rapaport writes in its press release.

The 110.92-carat, L-color, faint brown, VS1-clarity loose diamond holds a GIA report showing it has excellent polish, cut and symmetry, Sotheby’s said.

The top lot of the auction is expected to be an emerald-cut, 5.69-carat, fancy vivid blue, VVS1-clarity diamond ring with an estimated selling price of $12 million to $15 million, or up to $2.6 million per carat. The diamond may have the potential for a cutter to make it internally flawless, the auction house pointed out.

“We’re thrilled to present supreme examples of the world’s most sought-after jewels and gemstones this season,” said Gary Schuler, chairman of Sotheby’s jewelry division for the Americas. “Greatly admired for their rarity, these are gems that are enthusiastically pursued by collectors and connoisseurs.”

Other lots at the December 5 auction will include a 15.01-carat ruby and diamond ring ($2.5 million to $3.5 million); a cut-cornered rectangular mixed-cut, 5.24-carat, fancy intense orangy-pink, VS2-clarity diamond ring, ($1.8 million to $2.2 million); and an oval-shaped, 14.01-carat, D-color, VVS1-clarity diamond ring carrying an estimate of $1.5 million to $2.5 million. says Rapaport.

Source Rapaport