103-ct Light of Africa Sells for over $20m

By John Jeffay / June 14, 2022 / www.idexonline.com / Article Link

(IDEX Online) - A flawless 103.49-ct diamond sold for over $20m at Christie's New York, beating its high estimate of $18m.The Light of Africa Diamond (pictured) is a D-color, Type IIa emerald-cut stone, from the iconic Cullinan mine, in South Africa.It was cut and polished in South Africa from a 299.3 carat rough stone, which was sold to Stargems DMCC, Dubai-based arm of the Antwerp diamond supplier, for $12.18m.Rahul Kadakia, international head of jewelry at Christie's, said: "The 103.49ct Light of Africa D Flawless diamond achieved an incredible $195,000 per carat demonstrating the strength of the diamond market at the highest levels."Christie's said it was the fifth most valuable colorless diamond it had ever sold, realizing  $20,084,000.The Magnificent Jewels auction, on 8 June, achieved a total of $48,872,000 with 95 per cent sold by lot and 98 per cent by value.

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok