7-10-2020
Sotheby’s sold a 102.39-carat D colour flawless diamond, now named ‘Maiko Star’, for US$15.7 million to a Japanese anonymous telephone bidder through an online auction in Hong Kong.
Cut from a 271-carat rough discovered in Ontario, Canada in 2018, the sale achieved the highest price for a diamond sold online to date. Only seven other D colour white diamonds over 100 carats have gone under the hammer.
‘Maiko Star’ was the first diamond offered in a no-reserve format, which no minimum price existed and the lot goes to the highest bidder. Patti Wong, the chairman of Sotheby's Asia said in a press release that “This extraordinary gem needed no help from a pre-sale estimate or reserve to reach its rightful price – just the instinctive desire of collectors to own one of the earth’s greatest treasures. We are grateful to Diacore for their trust and confidence in allowing us to offer this diamond without reserve, the result for which testifies not just to the importance of this diamond, but to the market for diamonds more broadly.”
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