'The Rock,' a 228.31-carat stone, will make auction history in May.
The 228.31-carat stone, valued at an estimate of $20 million to $30 million, has only passed through three previous owners’ hands and Kadakia says Christie’s first got wind of the diamond from the original owner approximately 20 years ago. The company was involved with the first transaction of the stone, which was sold privately. “The current owner decided that the market is quite healthy, which is true,” says Kadakia. The diamond market is in a particularly active space right now.
“Honestly, the stone has no price,” says Kadakia. What’s rare apart from the size—it’s so large, the size of an egg—is, let’s say you have five collectors trying to buy the stone, and the day after the sale and one of those clinets that didn’t buy it comes back and says, ‘Look, buyer’s remorse. Can you find me another stone?’ It took us 256 years to find one. Where is the other stone? I don’t know. That’s what’s rare about it.
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