The largest diamond yet offered at auction went under the hammer in Geneva Tuesday evening for nearly $34 million, a world record for a gem of its kind, the Christie's auction house said.
The 163.41-carat flawless D colour diamond, suspended from an emerald and diamond necklace called The Art of Grisogono, sold for 33.5 million Swiss francs (Dh126m), after taxes and commissions, at the Christie's autumn jewel auction.
This marks "a new world-record price for a D colour diamond at auction," Rahul Kadakia, auctioneer and head of Christie's international jewels division, told AFP.
D is the highest colour grade attributed to a diamond, indicating that the stone is completely colourless, and thus extremely rare.
With a drawn-out round of rapid-fire bidding starting at 20 million francs, the necklace was finally sold to a telephone bidder, who wished to remain anonymous, for well above the asking price of 25 million francs.
But some had expected The Art of Grisogono, which Christie's described as a "masterpiece of unparallelled beauty and exquisite workmanship", to fetch even more.
"I am disappointed that the Art of de Grisogono didn't sell for a more dazzling price," said Tobias Kormind, head of 77 Diamonds, a European online diamond jeweller, who had said before the sale he thought the price might top $50 million.
The flawless, D colour 11A type diamond was cut from a 404 carat rough rock which was discovered in February 2016 in the Lulo mine in Angola - the 27th biggest rough white diamond discovered so far.
The rough was analysed in Antwerp and cut in New York, where a team of 10 diamond-cutting specialists were involved in mapping, plotting, cleaving, laser-cutting and polishing the giant rough rock into a polished, flawless diamond.
A team from Swiss luxury jeweller de Grisogono then created 50 different designs around the 163.41-carat diamond, before opting for an asymmetric necklace with the stone as its centrepiece.
The left side of the necklace is made up of 18 emerald-cut diamonds and the right side composed of two rows of pear-shaped emeralds.
Another highlight of Tuesday's auction, a large pink diamond once set in the crowns of numerous French kings and emperors, including Napoleon, meanwhile sold for far more than the $6m to $9m estimate.
It went under the hammer, again to an unidentified telephone bidder, for 12.5 million francs, with the final price tag after taxes and commissions ticking in at 14.4 million francs.
The gem was named after Cardinal Mazarin, an Italian cardinal and diplomat, as well as a great art collector, who served as chief minister under Louis XIII and Louis XIV, and who bequeathed it and other diamonds to the Sun King in his will.
The pink stone, originally dug out of the ancient mines of Golconda in south-central India, sparkled on the crowns of Louis XV and Louis XVI, who was guillotined during the French Revolution.
And it graced the crown of Napoleon I, Napoleon III and Empress Eugenie, among others.
It has since passed through the hands of French jeweller Frederic Boucheron and later the Baron von Derwies.
Christie's said the seller was a private collector, but did not reveal their identity.
Tuesday's sale marked the first time the diamond appeared at auction in 130 years.
It has been auctioned off once before: It was among the French crown jewels sold off in 1887 - 17 years after France's Second Empire collapsed and Napoleon III and his wife Emperess Eugenie sought exile in England, leaving their jewels behind.
Christie's jewel auction, which raked in sales totalling 105.4 million Swiss francs, will be followed Wednesday by a similar auction at Sotheby's.
The highlight of that show, also in Geneva, will be The Raj Pink, the world's largest known fancy intense pink diamond, which Sotheby's is aiming to sell for $20-30 million.
UAE currency: the story behind the money in your pockets
Company%20profile
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A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE
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TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
How tumultuous protests grew
- A fuel tax protest by French drivers appealed to wider anti-government sentiment
- Unlike previous French demonstrations there was no trade union or organised movement involved
- Demonstrators responded to online petitions and flooded squares to block traffic
- At its height there were almost 300,000 on the streets in support
- Named after the high visibility jackets that drivers must keep in cars
- Clashes soon turned violent as thousands fought with police at cordons
- An estimated two dozen people lost eyes and many others were admitted to hospital
UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
Washmen Profile
Date Started: May 2015
Founders: Rami Shaar and Jad Halaoui
Based: Dubai, UAE
Sector: Laundry
Employees: 170
Funding: about $8m
Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures
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Killing of Qassem Suleimani
What it means to be a conservationist
Who is Enric Sala?
Enric Sala is an expert on marine conservation and is currently the National Geographic Society's Explorer-in-Residence. His love of the sea started with his childhood in Spain, inspired by the example of the legendary diver Jacques Cousteau. He has been a university professor of Oceanography in the US, as well as working at the Spanish National Council for Scientific Research and is a member of the World Economic Forum’s Global Future Council on Biodiversity and the Bio-Economy. He has dedicated his life to protecting life in the oceans. Enric describes himself as a flexitarian who only eats meat occasionally.
What is biodiversity?
According to the United Nations Environment Programme, all life on earth – including in its forests and oceans – forms a “rich tapestry of interconnecting and interdependent forces”. Biodiversity on earth today is the product of four billion years of evolution and consists of many millions of distinct biological species. The term ‘biodiversity’ is relatively new, popularised since the 1980s and coinciding with an understanding of the growing threats to the natural world including habitat loss, pollution and climate change. The loss of biodiversity itself is dangerous because it contributes to clean, consistent water flows, food security, protection from floods and storms and a stable climate. The natural world can be an ally in combating global climate change but to do so it must be protected. Nations are working to achieve this, including setting targets to be reached by 2020 for the protection of the natural state of 17 per cent of the land and 10 per cent of the oceans. However, these are well short of what is needed, according to experts, with half the land needed to be in a natural state to help avert disaster.
MATCH INFO
Fixture: Thailand v UAE, Tuesday, 4pm (UAE)
TV: Abu Dhabi Sports
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
The specs: 2018 Audi RS5
Price, base: Dh359,200
Engine: 2.9L twin-turbo V6
Transmission: Eight-speed automatic
Power: 450hp at 5,700rpm
Torque: 600Nm at 1,900rpm
Fuel economy, combined: 8.7L / 100km
