Flawless white diamond sells for record US$30m

HONG KONG – A white diamond the size of a small egg has sold for US$30,6 million at an auction in Hong Kong, smashing the world record for a jewel of its kind.

The flawless, 118 carat oval diamond was sold to an unidentified Asian collector, whose winning bid came at the lower end of the US$28 million to US$35 million estimate set by auction giant Sotheby’s. It was the largest diamond ever sold at auction. David Bennett, chairman of Sotheby’s Jewelry Division for Europe and the Middle East, told CNN that diamonds could be bought as an investment or simply for the love of a beautiful and rare object. – CNN

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