Tuesday, November 13, 2012
76-Carat Archduke Joseph Diamond Sells For $21.5 Million
A large, D-color, Internally Flawless diamond with outstanding pedigree in origin and ownership sold for $21.5 million at Christie’s Geneva Magnificent Jewels auction on Tuesday.
The 76-carat Archduke Joseph Diamond was sold to a phone bidder during the auction held at the Four Seasons Hotel des Bergues, Geneva. The unmounted, cushion-shaped gem is from the historic Golconda region of India, one of the oldest diamond mining regions in the world and where some of the most storied diamonds on earth where discovered. The Gemological Institute of America said it is the largest D-color, IF diamond it ever graded from the historic region. It was the property of the Archduke Joseph August of Austria, Palatine of Hungary (1872-1962), a member of the House of Habsburg.