Alex Fetanat’s Latest Post: A Highly Expensive Golconda Diamond

On December 10 at Christie’s New York, a 52.58 carat D color, internally flawless Golconda diamond is expected to sell for up to $12.5 million.  The diamond comes from the Golconda mines in south central India, where the legendary “Hope Diamond” was also found.  Diamonds from these mines are of a specific type and color, and have the one of the highest degrees of transparency.  In the words of the auction house, this specific octagonal-cut stone features “superior luminance, luster and distinct brilliance”.

Golconda mines

Miners hard at work in the Golconda mines, where this diamond, along with many other famous stones, originated.

This isn’t the first time that Golconda diamonds have reached high auction prices.  Just this April, a 34.65-carat “Princie Diamond” was sold for $39.3 million.  This diamond set new world auction records for the most valuable diamond ever sold in the United States.

It is expected that Christie’s December 10th auction of Magnificent Jewels will total more than $45 million.  The 500-lot sale will also include colored and colorless diamonds, rare gemstones, natural pearls and signed jewels.  Other valuable goods to check out at the auction include a diamond pendant necklace featuring a 22.12-carat pear-shaped diamond, expected to sell for as much as $3.5 million.  Another necklace, made from 18-karat white gold and featuring a 91.38-carat Burmese sapphire, has a pre-sale estimate of $1.2 million.

According to Rahul Kadakia, head of jewelry for Christie’s Americas and Switzerland, 201 has been a record-breaking year for jewelry auctions around the world.  In addition to the Princie Diamond sold in April, a 14.82-carat diamond affectionally known as “the orange” sold for $35 million in Geneva earlier this month.

via Alex Fetanat


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