At a Hong Kong auction, a 118.28-carat white diamond broke a world record when it fetched more than $30 million.
The sparkling translucent stone was sold to a phone bidder at the Sotheby's auction for HK$238.68 million ($30.6 million) following bidding that lasted for more than six minutes.
Internally Flawless $60-mn Pink Diamond for Auction in Geneva
Sotheby's showed off a 59.6-carat pink diamond that will be auctioned in the Swiss city of Geneva at a record asking price of $60 million (49 million euros) in November.
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The egg-shaped stone has been described as the finest of its kind ever to appear at auction. Earlier estimates valued it at $28-$35 million.
The stone, dubbed the "Magnificent Oval Diamond", was discovered in a deep mine in an undisclosed southern African country in 2011.
As a rough stone before being cut, it weighed 299 carats.
![Nanodiamonds can Boost Effectiveness of a Common Leukemia Drug]( "Nanodiamonds can Boost Effectiveness of a Common Leukemia Drug")
A joint study has found that the delivery of a common leukemia drug to leukemic cells can be boosted by binding multiple molecules of the drug with nanodiamonds.
The stone, described by Sotheby's as "the largest D colour flawless diamond", has been given the highest quality rating awarded by the Gemological Institute of America.
"D colour" diamonds are rare and colourless and fetch premium prices.
The sale beat the record set at a diamond auction last year, when a 101.73-carat diamond was sold for $26.7 million.
Hong Kong has become a centre for jewellery auctions thanks to growing wealth in China and other parts of the region.
Source: AFP
As a rough stone before being cut, it weighed 299 carats.
Nanodiamonds can Boost Effectiveness of a Common Leukemia Drug
A joint study has found that the delivery of a common leukemia drug to leukemic cells can be boosted by binding multiple molecules of the drug with nanodiamonds.
Advertisement
The stone, described by Sotheby's as "the largest D colour flawless diamond", has been given the highest quality rating awarded by the Gemological Institute of America.
"D colour" diamonds are rare and colourless and fetch premium prices.
The sale beat the record set at a diamond auction last year, when a 101.73-carat diamond was sold for $26.7 million.
Hong Kong has become a centre for jewellery auctions thanks to growing wealth in China and other parts of the region.
Source: AFP
Giant White Diamond In Hong Kong Could Fetch $35mn
Auction house Sotheby's said that a 118.28-carat white diamond, set to break records, is to go under the hammer in Hong Kong in October.
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 Hong Kong to Host Auction of Rare Blue DiamondOctober will see the auction of a rare round blue diamond in Hong Kong | Advertisement
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