Harry Winston Pays Record $26.7 Million for Colorless Diamond

Forbes reported that Harry Winston Inc. paid over $26.7 million for a 101.73-carat, pear-shaped flawless diamond at Christie’s Geneva-based Magnificent Jewels sale, a record price for a colorless diamond.

As quoted in the market news:

“The acquisition of ‘Winston’s Legacy’ underscores the brand’s continued commitment to perfection and quality at the highest level. A stone of this caliber and rarity is the perfect continuation of Mr. Winston’s legacy as the King of Diamonds,” Nayla Hayek, the new CEO of Harry Winston said in a statement released by the Swatch Group.

Rahul Kadakia, head of Jewelry, Christie’s Switzerland and Americas, added: “Harry Winston acquired the most perfect diamond ever offered for sale at auction, ‘Winston Legacy,’ continuing the tradition of buying and selling only the very best, a trait of the founder Mr. Winston himself.”

Click here to read the full Forbes report.