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Mon 23 Feb 2015 09:58 AM

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“Perfect” $25m 100-carat diamond to be showcased in Dubai

The gem is the largest perfect diamond with an emerald cut ever to be offered at auction

“Perfect” $25m 100-carat diamond to be showcased in Dubai

Sotheby’s has unveiled what is considered a “perfect” 100-carat emerald cut diamond, which will be showcased in Dubai on March 16-18 and in Doha on April 14-15, before being sold as part of the Magnificent Jewels event auction in New York on April 21.

The D colour, internally flawless clarity, Type IIa stone is estimated to sell for up to $25 million, and is among only five of its kind to ever be sold at auction across the globe.

At this impressive scale, diamonds of this exceptional quality are incredibly rare, and are considered ‘perfect’.

What makes this particular diamond stand out from its sisters is its beautiful shape and the fact that it is the largest perfect diamond with an emerald cut ever to be offered at auction.

Head of Sotheby’s Jewelry Department in New York, Gary Schuler, said, “This 100.20 carat diamond is the definition of perfection. The colour is whiter than white, it is free of any internal imperfections, and so transparent that I can only compare it to a pool of icy water. It is the first true emerald-cut diamond over 100 carats to be offered at auction – the most classic of cuts, quietly elegant and very contemporary.”

The original uncut diamond weighed over 200 carats, and was mined by De Beers in southern Africa.

The diamond will debut in Dubai, Los Angeles, Hong Kong, London, and Doha, before it settles in New York for the exhibition.

Chairman of North & South America for Sotheby’s International Jewelry Division, Lisa Hubbard, said: “The rarest object of natural beauty on the market right now, this 100-carat diamond could be considered the ultimate acquisition. The stone gives you so many options – admire it unmounted, wear it as a simple but stunning pendant, or mount in a designed jewel,” she said. 

According to Sotheby’s, since it sold the first 100-carat perfect diamond at auction in 1990, the price per carat for these stones has increased from $125,000 to $260,000.

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