newsCO.com.au–Giant diamond sells for $33.7m at auction

November 15, 2017

@newsCOflash

2017-11-15 00:54:34

The largest D-flawless diamond to ever be put up for auction, mounted in a diamond and emerald necklace, sold for $US33.7 million ($A47.2 million) on Tuesday night.

The white, matchbox-size “Creation 1” diamond from Swiss jeweller de Grisogono weighs a whopping 163 carats.

The buyer was not immediately identified.

Australian diamond company Lucapa, which mined the stone originally measuring over 7 centimetres in length, says it was the largest diamond ever discovered in the African nation of Angola.

The rough stone that it was cut from weighed 404 carats.

Also on the block was “Le Grand Mazarin”, a 19-carat pink diamond that once belonged to King Louis XIV, Napoleon Bonaparte and other French rulers.

It sold for a hammer price of 12.5 million Swiss francs to an unknown buyer, obliterating the pre-sale estimate

Le Grand Mazarin was up for auction for the first time in 130 years, during a sell-off of French crown jewels. Originally from the Golconda mines in India, the stone was set in the crowns of almost all kings and emperors of France since the early 18th century, Christie’s said.

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