Giant Diamond Sells for Record Price

Photo (cc) by Kim-bodia

Want a flawless diamond the size of a quail’s egg? That’ll be $21 million, please. CBS reports

On Tuesday night, Christie’s auctioned off the Archduke Joseph Diamond for $21,474,525 including commission, a world auction record price per carat for a colorless diamond. That was well above the expected $15 million and more than triple the price paid for it at auction almost two decades ago. The 76.02-carat diamond, with perfect color and internally flawless clarity, came from the ancient Golconda mines in India.

In 1993, it sold for $6.5 million. Adjusting for inflation would bring that price closer to $10 million today. But somebody more than doubled that.

The buyer is anonymous, but we’re guessing it’s Indiana Jones. CBS says the winner “is going to donate the diamond for display at a museum.”

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

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