Sotheby's sells this exceptional 100-carat diamond to secretive Crypto buyer..
The exceptional 101.38-carat pear-shaped D Flawless has sold for HK$95.1 million / US$12.3 million to an anonymous private collector in a landmark single-lot auction at an auction held in Hong Kong.
Named “The Key 10138”, the diamond - the second largest pear-shaped diamond ever to appear on the public market – came from the world-leading diamond company Diacore.
Diamonds of this importance are exceptionally rare, with only ten 100 carat+ examples ever having come to auction to date. ‘The Key 10138’ has achieved the highest gradings in both colour (D colour – the highest grade for a white diamond) and clarity (completely flawless, both internally and externally). It also belongs to the rare subgroup comprising less than 2% of all gem diamonds, known as Type IIa. Diamonds in this group are the most chemically pure type of diamond and often have exceptional optical transparency. The sale of the diamond, along with the inauguration of Sotheby’s Luxury Edit series in Hong Kong, comes at a moment when demand for white diamonds, particularly of this quality, and for luxury items more generally, is particularly strong, with 80% of the white diamonds offered in Sotheby’s Magnificent Jewels auctions this year having found buyers, and 30% of buyers in its luxury sales completely new to Sotheby’s. Last month at Sotheby’s New York, a new record price was set for any jewel sold in an online auction, with a 50.03 carat round diamond achieving US$2.7 million.
Image provided courtesy of Sotheby's