Egg-sized ‘perfect’ white diamond fetches record $30.8 million in Hong Kong

Egg-sized ‘perfect’ white diamond fetches record $30.8 million in Hong KongA “flawless” white oval diamond the size of a small egg sold for $30.8 million at Sotheby’s Hong Kong auction on Monday night, the most paid for a colourless diamond at auction.

The previous records for both price and size for a perfect white diamond were set by Christie’s, which sold its 101.73-carat gem for almost $27 million in May this year.

Sotheby’s said two phone bidders competed for the 118-carat for about six minutes.

A rare blue diamond that was the night’s other highlight with a $19 million estimate failed to sell, added the auction house.

Egg-sized ‘perfect’ white diamond fetches record $30.8 million in Hong Kong

Sotheby’s didn’t disclose the identity of the seller or who cut the diamond sold today, but it said the rock had undergone scrutiny by the Kimberley Process, a joint government, industry and civil society initiative to curb the flow and sale of conflict diamonds.

Images courtesy of Sotheby’s and BBC via YouTube