Egg-sized diamond fetches over $21 million with fees at Geneva sale

GENEVA, May 12 (BUS): Christie’s “The Rock,” an egg-sized white diamond billed as the largest of its kind ever to be auctioned, sold Wednesday for more than 21.6 million Swiss francs ($21.75 million), including fees. – albeit at the low end of the expected range.

The G-Color pear-shaped stone, with its platinum pendant suspended, has a total weight of 61.3 grams (2.2 oz) and dimensions of 5.4 cm x 3.1 cm (2.1 in x 1.2 in) – which makes it almost the same size. A medium-sized chicken egg, the Associated Press reported.

G-Color is not the highest grade, but it is fourth on the grade below the high grade D-Color diamond.

The Rock was acquired by an unspecified private buyer, with pre-auction estimates ranging between 19 million and 30 million francs.

Max Faust, Head of Jewelery at Christie’s Geneva, praised the successful sale in “uncharted territory” of a stone of its kind.

Also hammered on Wednesday was the “Red Cross” diamond, a 205.1-carat luxury yellow stone that fetched nearly 14.2 million francs, double the pre-sale estimate. Cut from a rough stone discovered from the Griqualand mines in South Africa in the early 1900s, the diamond was first auctioned off in 1918.

Fawcett testified to a “significant amount of interest” in Red Cross diamonds, saying that an unspecified “7-figure sum” of proceeds from the sale would be donated to an unspecified private buyer to the International Red Cross Movement, Geneva – an existing humanitarian aid group.


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