Christie’s Sells 101-Carat Diamond at HK$48.5 Million

A 101-carat, near-flawless diamond sold for HK$48.5 million ($6.2 million) at a Christie’s International sale in Hong Kong, propelling the city past Geneva and New York as the auction house’s biggest jewelry market. The diamond, the highlight of Christie’s jewelry sale, has the third-highest clarity rating of VVS1 and the third-best ranking on a scale used to measure colorlessness. The stone, the size of a quail’s egg.

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