News / Asia

Stunning White Diamond Sells for $27.3 million in Hong Kong

The 118.28-carat white diamond is displayed by a model at a press preview at Sotheby's auction house, Thursday, Sept. 19, 2013.
The 118.28-carat white diamond is displayed by a model at a press preview at Sotheby's auction house, Thursday, Sept. 19, 2013.
VOA News
A white diamond the size of a small egg has sold for $27.3 million at a Hong Kong auction. 
 
Two phone bidders competed for the 118.28-carat African gem for six minutes until one dropped out.  
 
The price edged out the previous price record for a white diamond of $26.7 million, set at Christie's in Geneva this May. 
 
The auction's other highlight was a 7.6-carat vivid blue diamond, which fetched a price of $16.1 million. 
 
Both gems sold for less than their estimates.

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Comment Sorting
Comments
     
by: Keen from: Philippines
October 10, 2013 4:56 AM
I totally agree...I hope people who have financial stability put their money in good use not just splurge themselves with earthly richness...


by: Johnpaul Onyebuchi from: Nigeria
October 08, 2013 7:25 AM
It's quite expensive. What's the use of this particular diamond? I don't think buying it is a nice idea...it's simply a 'waste of money', there are many people out there suffering from abject poverty and someone is busy buying something that will not add value to mankind at that amount.

In Response

by: Chuck from: USA
October 09, 2013 12:20 PM
I agree with your statement.

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