Sotheby's to Offer 118.28 Carat Oval Diamond at Hong Kong Auction

Posted on September 5, 2013

Sothebys offering 118.28 carat magnificent oval diamond

Sotheby's has announced it will offer a magnificent oval diamond at a Hong Kong auction on October 7. Sotheby's calls the diamond the "great white diamond ever" in its press release. The diamond is a 118.28 carat, D colour, Flawless, Type IIa stone of Excellent Polish and Excellent Symmetry. It is the largest D color Flawless diamond ever to appear at auction. Only four other white diamonds of this quality over 100 carats have ever been sold at auction. The present stone is nearly 20% larger than the previously largest ever offered.

Quek Chin Yeow, Chairman, Asia, Sotheby's International Jewellery Division, said in a statement, "Following our announcement of The Premium Blue, the world's largest round Fancy Vivid blue diamond, Sotheby's Hong Kong is extremely honoured to offer in our upcoming Magnificent Jewels and Jadeite sale a spectacular oval diamond of supreme importance, which is the largest D-Flawless diamond ever to appear at auction. Apart from its stunning size of 118.28 carats, the stone is also absolutely faultless and unbelievably beautiful. It therefore is a fitting offering in celebration of Sotheby's 40th anniversary in Asia."

Sotheby's expects the diamond to fetch $28 to $35 million. Take a look:

Photo: Sotheby's