White Diamond Breaks Record At Auction, Selling For Over $30 Million

Category: Media & Culture / Oct 07, 2013 1:59PM EDT

They say diamonds are a girl’s best friend, but this friendship could cost you millions: A new world record was set in Hong Kong when a 118.28 carat white oval diamond sold for $30.6 million. This piece now holds the honor of the world record price for any white diamond bought at auction. It is also the biggest diamond ever sold at auction.

The oval cut diamond was flawless and was earlier estimated to fetch anywhere between $29-35 million. The impressive stone is the largest diamond graded by the Gemological Institute of America. Sotheby’s welcomed the record breaking sale at a great time as they themselves as an auction house they are celebrating 40 years in Asia.

The lucky new owner of this impressive diamond was a phone bidder as the hammer went down after six minutes.



Video Courtesy Of Reuters