Pear-shaped 75-carat diamond may sell for over $12 million

A 75-carat pear-shaped, D-color diamond will be auctioned on April 17 by Sotheby’s New York as part of its Magnificent Jewels sale.

The gem, which is the collection’s centerpiece, is said to be “one of very few pear-shaped diamonds of D color over 50 carats to be offered in recent decades,” according to Sotheby’s.

The piece, which is expected to sell for $9 million to $12 million, has been qualified by Sotheby as “the most important white diamond ever to appear at auction in the Americas.”

Highlights from the auction will be displayed in Hong Kong Convention & Exhibition Center from April 3 to 7, before returning to New York for exhibition and later auction.