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Rare diamond sells for $26.7 million U.S. dollars at auction

Thursday, May 16, 2013 - 01:10

May 16 - An extremely rare Botswana-mined large diamond sets a new record at Christie's auction in Geneva. Sharon Reich reports.

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TV AND WEB RESTRICTIONS~**NONE**~ A large colourless diamond sells for a whopping $26.7 million (USD) at auction. The pear-shaped jewel was carved from a 236-carat rough diamond. It took 21 months to cut and polish the rare gem. Rahul Kadakia of Christie's describes the gem as flawless. He says it registers a weight of more than 101 carats and is a D color. SOUNDBITE: Rahul Kadakia, Head of Jewelry Christie's American and Switzerland, saying (English): "The 101-carat diamond was purchased by Harry Winston, the firm of Harry Winston which was recently acquired by the Swatch Group for one billion dollars. This was their first major purchase. To announce the acquisition, and the name of the diamond is the "Winston Legacy" to keep with the great legacy of Harry Winston and his firm, and with the future of the firm with the Swatch Group. And the stone made just about 27 million dollars, which is a new world auction record for a colourless diamond. The last one being 21.5 million which was achieved by the Archduke Joseph diamond." The diamond was originally found at a mine in Botswana that is co-owned by the government and De Beers.

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Rare diamond sells for $26.7 million U.S. dollars at auction

Thursday, May 16, 2013 - 01:10