March 26, 2013
What a stunning gem and exciting auction up ahead. Better start saving your spare change!
A 75 ct. D-color pear-shaped diamondâ€”the most important white gem ever to be auctioned in the United Statesâ€”is expected to rake in between $9â€“$12 million when it goes up for sale at Sothebyâ€™s annual spring auction of Magnificent Jewels on April 17.
The stone is also one of the few pear-shaped diamonds of D color more than 50 carats to be auctioned in decades, the auction house says.
75 ct. pear-shaped diamond
â€śIt was acquired by the present owner in 2001 for $4.3 million, and today we have estimated it conservatively at $120,000 per carat,â€ť said Lisa Hubbard, chairman of North and South America, Sothebyâ€™s International jewelry division.