Largest Flawless Diamond Ever Auctioned Could Sell for 20 Million Pounds

The Independent reported that experts believe that the largest flawless diamond ever auctioned, which is pear shaped and clocks in at 101.73 carats, will sell for 20 million pounds at the Magnificent Jewels auction in Geneva. The auction will be held by Christie’s.

As quoted in the market news:

The diamond is considered perfect because of its colour and its flawless clarity. It’s also pear-shaped and completely symmetrical with a rare brilliance, Christie’s says.

“This looks like one for the books,” notes industry publication JCK Magazine, adding that the diamond is also a “Type IIa.” Fewer than 2 per cent of the diamonds in the world fall into that category.

The jewel was fashioned from a 236-carat rough diamond mined from Botswana’s Jwaneng mine, which is owned by De Beers, JCK reports.

Click here to read the full article from The Independent.