Tuesday, November 18, 2008

Who paid record price for 101 carat diamond?





A 101-carat colourless diamond the size of a squash ball sold for a record $HK46.2 million ($6 million) at a Christie's auction in Hong Kong, a radio report said today.

The gem, the biggest colourless diamond ever sold in Asia and one of only three colourless diamonds over 100 carats ever sold, was bought by a private buyer on Wednesday.

Government-run radio station RTHK said today the buyer's identity was not being revealed but he would have the option to name the diamond, the most expensive single piece of jewellery sold in Asia.

Set in a tiara, it was the biggest colourless diamond to come up for auction anywhere in the world for 18 years, Christie's said.

Diamond prices have boomed in recent years partly because of the economic slowdown, with new buyers from Russia, India and Asia pushing auction prices higher.