Rare diamond fetches $10 mln at auction

A rare 72.22-carat diamond fetched around 80 million Hong Kong dollars ($10.26 million) without surprise, making it one of the most expensive jewel items ever sold in Asia.
The pear-shaped diamond was of D color, the clearest category, and boasts of “flawless clarity and excellent polish and symmetry,” according to Sotheby's Hong Kong, which offered over 300 jewel and jadeite items worth some 400 million HK dollars ($51.28 million) Thursday.
Sotheby's said the buyer would be given the right to name the diamond.
Other offers proved popular with buyers from Asia as well as other continents, too.
A diamond necklace consisting of 43 pear-shaped “internally flawless” diamonds totaling over 90 carat, went at the hammer price of 37.5 million HK dollars ($4.81 million). The final price was 42.33 million HK dollars ($5.43 million).
A pair of jadeite double-hoops and diamond pendent ear rings also caught eyes by going at a final price of 5.93 million HK dollars ($760,000).
Sotheby's also put some luxury watches on sale, with a rare Patek Philippe double-dialled wrist watch sold at 11.75 million HK dollars ($1.51 million), setting the new world record for any modern wrist watch sold at auction. (Xinhua)
ADVERTISEMENT
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.