UK's Biggest Diamond in a Decade
March 16, 26
(IDEX Online) - The UK's "biggest diamond in a decade" - a 23.36-carat round brilliant cut stone - will be auctioned tomorrow (17 March) with an estimate of £800,000 to £1m ($1.07m to $1.34m).
It will headline the Elmwood's Fine Jewellery auction in London.
"This is an extraordinarily rare diamond," said Joe Kendrick, the auction house's head of sale.
"Its combination of size, clarity and triple excellent cut is something you simply do not see in the UK market. Stones of this calibre come along perhaps once in a decade."
The last diamond of comparable sale was a 26.29-carat loose stone (cushion cut, I color, VVS2 clarity) was sold by Sotheby's in June 2017 for £656,750 (about $850,000 at the time).
A GIA report for the stone offered by Elmwood's describes it as I color and VVS1 clarity with excellent cut, excellent polish and excellent symmetry, and no fluorescence. It is set in a platinum ring.
"Stones exceeding twenty carats are seldom encountered, and when presented as a solitaire they assume an almost sculptural presence, allowing their brilliance and purity to command complete attention," the auction house says in its description.
Pic courtesy Elmwood's.