The ring with Australia’s largest diamond was auctioned in Sydney for a record $ 965,000, 9News reports on April 21.
The largest diamond in Australia was bought for a record 1.25 million Australian dollars ($ 965.2 thousand).
The 25 carat square stone was cut from a rough diamond weighing 47.961 carats. According to the newspaper, the expected price of a diamond mined in the Canadian tundra was estimated at up to 1.2 million Australian dollars.
The sale also reportedly broke Australia’s previous record, also recorded in Sydney in 2020, when a 17.34-carat diamond ring was auctioned at Leonard Joel’s auction for AU $ 575,000 ($ 444,000).
In May 2019, at Christie’s, an emerald weighing 75.61 carats from the treasury of Catherine the Great was sold for $ 4.3 million.The emerald was in the royal treasury for over 100 years before Alexander II presented it as a wedding gift to Grand Duchess Maria Pavlovna, nee Princess of Mecklenburg-Schwerin.
In November 2019, Christie’s also announced the sale of a 7.03-carat deep blue diamond ring for more than $ 11 million.