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Rare Black Opal on Sale for $3 Milion

Black Opal which was in possesion by Bobby, an australian miner, for 14 years, will make its debut later this month at the Couture show for high-end jewelry at the Wynn Hotel in Las Vegas. It is expected to reach $3 million.

Called the Royal One, the 306 carat, gem quality black opal is almost double the size of the Aurora Australis, found in 1938, which was valued at $1 million in 2005.

The Royal One - 306 carats Black Opal

The miner, who wishes to be known only by his first name, says he found the Royal One at the bottom of a bucket of rough, uncut opals, and only discovered its quality by accident. “It had scum on it like a poor-quality opal and when I took that off, I saw the good-quality opal underneath,” said Bobby.

While he was in New York, Bobby met with Australian-born, New Mexico based opal designer Katherine Jetter, who has a trusted relationship with several of Bobby’s opal-mining peers in Lightning Ridge. Ms. Jetter arranged for the opal to be put on display at Couture, the annual upscale jewelry event at the Wynn Las Vegas.

The Black Opal will attract potential buyers and private mineral collectors and business people from the U.S., Russia and Saudi Arabia.

Nicknamed “the Royal One,” the opal was discovered in Lightning Ridge, Australia — the only place in the world known to produce the highly coveted black opal

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Written by Michoni

Milan Jovicic's passion is cars, men fashion and gadgets. As an editor and blogger for Extravaganzi he writes articles about fast and luxury vehicles, yachts and fashion, especially interested in expensive watches. When not working, he enjoys watching F1 and motorcycle racing.

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