Dubai is known for antique and priceless items. This time Dubai has decided to show up something very rare and extraordinary. The perfect jewel 100 carat diamond is ready to come to the city to be showcased.
An internally “flawless” 100 carat diamond was on show Monday in Dubai ahead of being sold at auction next month by Sotheby’s, where it could fetch up to $25 million.
The stone, which was discovered a decade ago in the De Beers mines of South Africa, will go under the hammer at a “Magnificent Jewels” sale in New York in April, the auction house said.
One of five diamonds weighing more than 100 carat diamond that have surfaced on the market over the past 25 years, the jewel’s estimated sale price is between $19-25 million (18-23.7 million euros), according to Sotheby’s.
Frank Everett, Sotheby’s vice-president of sales for jewelry, told AFP in Dubai that the diamond was “for anyone who really desires the best of the best”.
Everett said the diamond could be worn as “a pendant on a necklace, or a cuff bracelet or a ring” although someone might buy it “to admire it just as an object in its own right”.
Sotheby’s hopes that showcasing this “perfect” diamond in Dubai and other locations ahead of the April sale can help it attract the attention of the Middle East’s wealthy elite.
The diamond is 100.20 or 100 carat and internally flawless. According to the organizers the there has been no instances where such diamond has been auctioned. It will be a great chance for UAE to witness such a priceless jewel.
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