A rare 102.39-carat D Color Flawless Oval Diamond, as “the size of a lollipop,” sold for a record price in an online Sotheby’s auction on Monday to an anonymous buyer for $15.7 million, in what experts say is a “bargain”.
This 102-carat white diamond mined in Northern Ontario two years ago went to a telephone bidder in Japan, a private collector who quickly called the stone “Maiko Star” after one of his daughters. This same collector purchased a diamond from Sotheby’s last year, naming it “Manami Star” after his eldest daughter.
Only seven other diamonds larger than 100 carats and of the same quality have gone under the hammer.
The stone did not have a reserve price – a minimum price that the seller is willing to accept for an item.
It is the first time in history that a diamond has sold at auction this way.