It has just been announced that the biggest, most valuable diamond in Australian history is to go under the hammer in Sydney on April 20. No, we don’t mean someone’s going to crush it into smithereens with a giant mallet or something Thor might wield around when he gets excited! No, that would be a great shame for such a fate to befall a super sparkler.
The rock is going to be sold to the highest bidder, as indicated by the fall of the auctioneer’s gavel (small hammer!).
Jewellery auctions can be pretty exciting. There are a range of different types of auctions which take place and include jewellery – from Police auctions, where confiscated/stolen property is sold to the public – through to extremely high-end auctions which may only feature a handful of incredibly valuable and/or rare items, such as the annual pink diamond sales.
The upcoming Sydney auction will be held at long standing Australian auctioneer Leonard Joel’s rooms in Queen Street Woollahra. It’s a fairly significant offering of all sorts of items, some of which will fetch very big bucks. The atmosphere will be at fever pitch we think, when lot 46 goes on the block. The expression ‘on the block’ has been used in auction rooms for hundreds of years and refers to an item going up for sale. Often it will be placed on a large plinth - for all to see - next to the dais or stage where the auctioneer is conducting proceedings.
Leonard Joel has said they are delighted to be “presenting the largest and most valuable diamond ever to be auctioned in Australia.” Lot 46 is a platinum and diamond ring, featuring a square, emerald cut diamond weighing a staggering 25.02 carats. Do you think it’s possible the wearer decided to sell because they were developing RSI in their ring finger from hauling such a ginormous girdle around town?
The item is catalogued (described) as:
A Spectacular Platinum and Diamond Ring. The Square emerald-cut diamond weighing 25.02 carats is claw set above a gallery pavé set with brilliant-cut diamonds, between shoulders decorated with a line of graduating baguette diamonds, the small diamonds together weighing approximately 3.25 carats, size M.
Gahcho Kué Diamond Mine, Kennedy Lake, Northwest Territories, Canada. The 25. 02 carat diamond was cut from a 47.961 carat rough.
Accompanied by a GIA report numbered 6214351034, dated 30 December 2020, stating that the 25.02 carat diamond is I colour, VVS2 clarity, laser inscribed
Estimate: $990,000 – 1,200,000