World’s largest diamond auction: Auction to be held in April

World's largest diamond auction: Auction to be held in April

Sotheby’s Auction House in Hong Kong will sell the world’s largest and rarest blue diamond. The De Beers Cullinan Blue Diamond, according to Sotheby’s, is the largest and brightest diamond ever discovered. According to Frank Everett, Sotheby’s Senior Vice President and Selling Director of Jewelery, the diamond weighs 15.10 carats and will be auctioned in April.

The. The value of this diamond discovered in Africa’s Cullinan mine last year was calculated to be 360 crores.

The 15.10-carat De Beers Cullinan Blue diamond is expected to fetch more than $48 million at auction, according to the auction house. This diamond, according to Frank Everett, is remarkable on many levels.

The jewellery market, according to Frank Everett, has been very strong over the years.

The diamond was cut from a rough 39.34 carat piece at the Cullinan mine in South Africa, according to Sotheby’s. The diamond’s ranking was determined based on its quality.

The diamond’s quality is determined by the Gemological Institute of America (GIA).