101-carat diamond sells for record $46.2 million
A 101-carat colorless diamond the size of a squash ball sold for a record $46.2 million at Christie’s auction in here, a radio report said Thursday.
The gem, the biggest colorless diamond ever sold in Asia and one of only three colorless diamonds over 100 carats sold to date, was bought by a private buyer Wednesday. Government-run radio station RTHK said Thursday the buyer’s identity was not being revealed but he would have the option to name the diamond, the most expensive single piece of jewellery sold in Asia. The diamond, which is set in a tiara, was the biggest colorless diamond to come up for auction anywhere in the world for 18 years, according to Christie’s.
Diamond prices have boomed in recent years partly because of the economic slowdown, with new buyers from Russia, India and Asia pushing auction prices higher. (The Economic Times)
ADVERTISEMENT
Investment Volume Falls 2.8% in Q1
Parl't Approves Amendments to Legislation on Judiciary
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.
