A spectacular 88.2 carat oval diamond will headline Sotheby’s Hong Kong Sale of Magnificent Jewels and Jadeite on April 2, 2019. Being described as “perfect according to every critical criterion”, the jewel is a D Colour, Flawless, Type Ila, oval brilliant diamond. What makes it so rare is the fact that it is one out of only three oval-cut diamonds over 50 carats to be auctioned in living memory. The diamond was cut from a 242 carat rough stone found in the mine of Jwaneng in Botswana, contributing to its rarity.
In a statement, Patty Wong, Chairman of Sotheby’s Hong Kong said, “When you think that one ton of mined earth yields less than a carat of diamond, and that high quality diamonds over 10 carats are a rarity, the discovery of a 242-carat rough, of gem quality and exceptional size, is nothing short of a miracle. The perfect 88.22 carat diamond is a summary of everything: a wonder of nature, a masterpiece resulting from man’s ability to shape the hardest material on earth into an object of ultimate beauty and the most concentrated form of wealth, as stated by Pliny the Elder almost 2000 years ago. Sotheby’s Hong Kong has had the privilege to bring to the market some of the most important colourless diamonds in the past decade and we look forward to presenting this treasure to the world.“
Besides being flawless, the 88.2 carat diamond is also “believed to bring good wishes in abundance”, owing to the symbol of prosperity associated with the number 8 in China and other Asian cultures. The auction house is expecting the rare jewel to fetch as much as HK $88-100 million (about US $11.2-12.7 million).