Egg-sized diamond fetches over $21 Million with fees at Geneva sale
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Friday
July 01, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
FRIDAY, JULY 01, 2022
Egg-sized diamond fetches over $21 Million with fees at Geneva sale

Offbeat

Hindustan Times
12 May, 2022, 09:10 am
Last modified: 12 May, 2022, 09:13 am

Related News

  • Afnan Diamond and Jewelleries launches new shop in Chattogram
  • Saudi restores full ties with Thailand after diamond dispute
  • Extremely rare 555.55-carat black diamond, ‘The Enigma’, to be auctioned
  • South African 'diamond rush' unearths only quartz crystals, officials say
  • Botswana unearths world's third largest diamond

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

Also going under the hammer was the “Red Cross” diamond, a 205.1-carat fancy yellow stone, which fetched nearly 14.2 million francs, double the pre-sale estimate.

Hindustan Times
12 May, 2022, 09:10 am
Last modified: 12 May, 2022, 09:13 am
An unspecified private buyer acquired The Rock, for which the pre-auction estimate was between 19 million and 30 million francs.(AP)
An unspecified private buyer acquired The Rock, for which the pre-auction estimate was between 19 million and 30 million francs.(AP)

Christie's says "The Rock," an egg-sized white diamond billed as the largest of its kind to go up for auction, sold Wednesday for more than 21.6 million Swiss francs ($21.75 million), including fees — though at the low end of the expected range.

The 228-carat pear-shaped G-Color stone, with its platinum pendant mounting, has a gross weight of 61.3 grams (2.2 ounces) and dimensions of 5.4 centimeters by 3.1 centimeters (2.1 inches by 1.2 inches) — making it about the size of a medium hen's egg.

G-Color is not the highest grade, but fourth on the letter rung below the top-grade D-Color diamonds.

An unspecified private buyer acquired The Rock, for which the pre-auction estimate was between 19 million and 30 million francs.

Max Fawcett, head of jewelry at Christie's Geneva, hailed a successful sale in "uncharted territory" for a stone of its kind.

Also going under the hammer Wednesday was the "Red Cross" diamond, a 205.1-carat fancy yellow stone, which fetched nearly 14.2 million francs, double the pre-sale estimate. The diamond was cut from a rough stone unearthed from South Africa's Griqualand mines in the early 20th century, and went up for auction for the first time in 1918.

The Red Cross Diamond

Fawcett testified to a "huge amount of interest" in the Red Cross diamond, saying that an unspecified "7-figure sum" from the proceeds of the sale to an unspecified private buyer would be donated to the international Red Cross Movement, the Geneva-based humanitarian aid group.
 

diamond / Diamond jewelry

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • EU’s REX system: Exporters now enjoy hassle-free certification of goods origin
    EU’s REX system: Exporters now enjoy hassle-free certification of goods origin
  • BB bids farewell to easy money policy to tame inflation
    BB bids farewell to easy money policy to tame inflation
  • Non-compliant tanners fear losing Eid business
    Non-compliant tanners fear losing Eid business

MOST VIEWED

  • House that inspired 'The Conjuring' sells for over $1.5 million
    House that inspired 'The Conjuring' sells for over $1.5 million
  • Shahzeb Anwer. Picture: Collected
    Pakistani man goes to US for surgery, ends up inviting whole city to his wedding
  • Photo: Collected
    Ex US police officer disguises as wedding guest to steal gifts
  • Indian start-up announces 'Right to Nap', employees can sleep for 30 minutes at work
    Indian start-up announces 'Right to Nap', employees can sleep for 30 minutes at work
  • A rare 1736 violin by Italian luthier Guarneri del Gesu is displayed during a media preview at Aguttes auction house ahead of the violin's auction in Neuilly-sur-Seine, near Paris, France, April 26, 2022. Picture taken April 26, 2022. REUTERS/Benoit Tessier
    A 'da Vinci of violins' goes up for auction in France
  • An inmate reads the bible in prison where she and fellow inmates have access to a small library as part of a program that aims to spread literacy and offer the chance to get out of jail earlier, in La Paz, Bolivia April 29, 2022. REUTERS/Claudia Morales
    Pages for pardons? In Bolivia, inmates can cut jail time by reading

Related News

  • Afnan Diamond and Jewelleries launches new shop in Chattogram
  • Saudi restores full ties with Thailand after diamond dispute
  • Extremely rare 555.55-carat black diamond, ‘The Enigma’, to be auctioned
  • South African 'diamond rush' unearths only quartz crystals, officials say
  • Botswana unearths world's third largest diamond

Features

Photo: Collected

Sapiens – A Graphic History 

4h | Book Review
Black-naped Monarch male  Photo: Enam Ul Haque

Black-naped Monarch: A sovereign who never abandoned the Indian subcontinent

5h | Panorama
The 136-year-old company on its last legs

The 136-year-old company on its last legs

6h | Features
Agricultural worker walks between rows of vegetables at a farm in Eikenhof, south of Johannesburg, South Africa. Photo: Reuters

With vast arable lands, why is Africa dependent on imported grain?

3h | Panorama

More Videos from TBS

Dhaka University celebrating 102nd founding anniversary today

Dhaka University celebrating 102nd founding anniversary today

3h | Videos
Ctg Int'l Trade Fair returns after a 2-year hiatus without Covid restrictions

Ctg Int'l Trade Fair returns after a 2-year hiatus without Covid restrictions

4h | Videos
Bangladeshis among top 6 nationalities seeking asylum in Europe

Bangladeshis among top 6 nationalities seeking asylum in Europe

5h | Videos
RUET organises Robotronics 2.0

RUET organises Robotronics 2.0

5h | Videos

Most Read

1
Padma Bridge from satellite. Photo: Screengrab
Bangladesh

Padma Bridge from satellite 

2
Meet the man behind 'Azke amar mon balo nei'
Splash

Meet the man behind 'Azke amar mon balo nei'

3
Photo: TBS
Bangladesh

Motorcycles banned on Padma Bridge 

4
Photo: Collected
Economy

Tech startup ShopUp bags $65m in Series B4 funding

5
Photo: Courtesy
Corporates

Gree AC being used in all parts of Padma Bridge project

6
World Bank to give Bangladesh $18b IDA loans in next five years
Economy

World Bank to give Bangladesh $18b IDA loans in next five years

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab
BENEATH THE SURFACE
Workers with minimum safety equipment are busy producing iron rods at a local re-rolling mill at Postogola in Old Dhaka. Reused metals from the adjacent shipyards in Keraniganj have played a major role in establishing several such mills in the area. PHOTO: Mumit M

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net