Mystery Buyer spends $ 12.3M on a 101-carat diamond – and pays in cryptocurrency
Pear Shaped Jewelry on Friday. Sales reached 12.3 million, when the auction announced that it was accepting offers in Bitcoin and Ethereum in addition to the traditional payments. Sotobi will not disclose which of the two cryptocurrencies was used for the purchase.
According to a press release, the diamond, named “KG10138”, went to an “anonymous private collector”.
This is one of only 10 diamonds of its size and quality to appear in the mini auction. Credit: Thanks Sotby
In a press statement, Wenhao Yu, Sutbi’s vice chairman for jewelry in Asia, said the sale “has attracted more new customers than the traditional pool of collectors,” adding that cryptocurrency buyers He appealed to the “digitally savvy generation”.
According to Sotbi, the stone is the second largest pear-shaped diamond, which is very small in itself.
It is classified as a “D-colored” diamond, the highest grade given to white diamonds, meaning that it appears colorless to the naked eye. It is also certified “flawless” internally and externally, which means that the stain is clean without any blemishes. It is one of only 10 diamonds of this quality to weigh more than 100 carats at auction.
The sale took place in Sotby’s Hong Kong, although bids were accepted from around the world. Credit: Thanks Sotby