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Blue and white diamonds bring sparkle to Sotheby's

Wednesday, September 04, 2013 - 01:25

Sept. 4 - Sotheby's unveils two rare diamonds in New York ahead of an auction to be held in Hong Kong in October. Tara Cleary reports.

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Weighing more than 118 carats, this magnificent oval white diamond is expected to fetch between $28 and $35 million U.S. dollars at auction. First discovered in deep mines in Southern Africa and chiseled from a huge 299 carat rough, the gem is graded as having flawless D color. Sotheby's jewelry expert Quek Chin Yeow calls it a perfect stone. SOUNDBITE: Quek Chin Yeow, deputy chairman, Asia and chairman of International Jewelry, Sotheby's Asia, saying (English): "It's the largest ever to be auctioned. The last one, it's twenty percent bigger than anything else that's been on the market for auction." The auction house presented the stone along with a glittering array of other diamonds in New York. Vying for attention was the Premier Blue, the world's largest round fancy vivid blue diamond, weighing 7.59 carats. Sotheby's' Lisa Hubbard explains why the cut is so important. SOUNDBITE: Lisa Hubbard, chairman of international jewelry, North and South America, Sotheby's saying (English): "The shape allows the color to leak in all directions. So it has to be a particularly fine piece of rough to be cut in that shape and to hold its color and to hold vivid blue is quite extraordinary." Blue diamonds are amongst the rarest in the world and this one could fetch as much as $19 million U.S. dollars. The Sotheby's Magnificent Jewels and Jadeite Auction will take place in Hong Kong on October 7th.

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Blue and white diamonds bring sparkle to Sotheby's

Wednesday, September 04, 2013 - 01:25