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Egg-sized diamond fetches over $21M with fees at Geneva sale

By Via AP news wire
' KEYSTONE / SALVATORE DI NOLFI

Christie's says “The Rock,” an egg-sized white diamond billed as the largest of its kind to go up for auction, sold Wednesday for more than 21.6 million Swiss francs ($21.75 million), including fees — though at the low end of the expected range.

The 228-carat pear-shaped G-Color stone, with its platinum pendant mounting, has a gross weight of 61.3 grams (2.2 ounces) and dimensions of 5.4 centimeters by 3.1 centimeters (2.1 inches by 1.2 inches) — making it about the size of a medium hen's egg.

G-Color is not the highest grade, but fourth on the letter rung below the top-grade D-Color diamonds.

An unspecified private buyer acquired The Rock, for which the pre-auction estimate was between 19 million and 30 million francs.

Max Fawcett, head of jewelry at Christie's Geneva, hailed a successful sale in “uncharted territory” for a stone of its kind.

Also going under the hammer Wednesday was the “Red Cross” diamond, a 205.1-carat fancy yellow stone, which fetched nearly 14.2 million francs, double the pre-sale estimate. The diamond was cut from a rough stone unearthed from South Africa's Griqualand mines in the early 20th century, and went up for auction for the first time in 1918.

Fawcett testified to a “huge amount of interest” in the Red Cross diamond, saying that an unspecified “7-figure sum” from the proceeds of the sale to an unspecified private buyer would be donated to the international Red Cross Movement, the Geneva-based humanitarian aid group.

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Dive Deeper:
Egg-sized diamond called The Rock fetches £17.7m at Swiss sale
An egg-sized white diamond billed as the largest of its kind to go up for auction has sold for more…
Biggest white diamond ever auctioned fetches $21.9 million
Geneva (AFP) - The Rock, the biggest white diamond ever auctioned, sold for 21.7 million Swiss francs ($21.9 million) on…
Biggest white diamond ever auctioned fetches $18.8 million
Geneva (AFP) - The Rock, the biggest white diamond ever auctioned, sold for a hammer price of 18.6 million Swiss…
'The Rock' diamond goes under the hammer
Geneva (AFP) - "The Rock", the biggest white diamond ever to be sold at auction, will go under the hammer…
One subscription that gives you access to news from hundreds of sites
Warhol's portrait of Marilyn Monroe auctioned for $195 million
An iconic 1964 portrait of Marilyn Monroe by American pop artist Andy Warhol was sold at Christie's for a record…
Warhol portrait of Marilyn Monroe fetches record $195m: Christie's
NEW YORK: An iconic portrait of Marilyn Monroe by American pop art visionary Andy Warhol went under the hammer for…
Get all your news in one place