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Asharq Al-Awsat
Asharq Al-Awsat
World
London - Asharq Al-Awsat

Two White Diamonds to be Auctioned at Sotheby’s

The logo of Sotheby's auction house is seen at a branch office in Zurich, Switzerland October 25, 2016. REUTERS/Arnd Wiegmann

Auctioneers Sotheby’s Diamonds said two white diamonds each weighing in at more than 50 carats are expected to fetch more than $15 million when they are auctioned in May.

The diamonds, a 51.71 carat round brilliant-cut gemstone and a 50.39 carat oval, are the second-largest of their respective kinds ever to come to auction, Sotheby’s said.

According to Reuters, the sale of the gemstones, discovered and purchased at tender in Botswana, comes after a 102 carat white diamond sold to an undisclosed buyer in February far exceeded the price paid per carat for any colorless diamond at auction. Auctioneers did not reveal the price paid.

The record price previously paid was for a 118 carat diamond sold in Hong Kong in 2013, which fetched $260,000 a carat.

Sotheby’s also said it was auctioning “The Farnese Blue,” a roughly 6 carat blue diamond given to the Queen of Spain, Elisabeth Farnese, in 1715, which auctioneers said had been passed down through four European royal families since then.

All three of the diamonds are scheduled to be auctioned in Geneva in May.

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