Geneva: The largest diamond ever offered at auction is set to go under the hammer in Geneva Tuesday evening, with bids expected to top $25 million.
The Art of de Grisogono, Creation 1, an emerald and diamond necklace set with a rectangular cut, D-color, flawless diamond of 163.41 carats, sold for $33,705,994, setting a new world auction record at Christie's auction in Geneva.
The diamond was first taken from a 404-carat stone that was found in the African nation of Angola previous year.
It went under the hammer at Geneva's Four Seasons Hotel following a series of public viewings in Hong Kong, London, Dubai and NY.
The 404-carat diamond was found in Angola by Australian-listed company Lucapa Diamond. Ten diamond-cutting specialists worked on the rough in NY after it was analysed in Antwerp.
It took the 80-year-old six months to polish the diamond down into an emerald-cut.
Giant diamond sells for $33.7 million
Diamonds are one of the world's best-known and most precious and sought-after gemstones since ancient times.
Geneva jewellers de Grisogono then took on the task of transforming the massive diamond into a piece of wearable jewellery. He also said that it also gave him a big headache as there was an huge pressure of "dressing" such an wonderful diamond and doing something out of the box, as reported by Sky News.
"I have never had a problem finding creative ideas, but this time there was the huge pressure of "dressing" such an fantastic diamond. I needed a design that is outside the box".
The flawless 163-carat clear diamond, the centrepiece of an asymmetric gem-studded necklace, was the largest of its kind ever auctioned.
The stone can be detached from the necklace and attached to other jewellery.
Three UCLA players could remain in China for week or two
The trio remains in China, even as the rest of the UCLA men's basketball team traveled back to the United States on Saturday. The players landed at Los Angeles International Airport on a flight from Shanghai Tuesday evening, their heads down.