Sotheby's New York Magnificent Jewels auction has reported sales totaling US$65 million, with ten of the jewels offered at auction selling for over US$1 million each, including what they are calling the "ultimate emerald-cut diamond" - a 100.2 carat D color, internally flawless, type IIa diamond which sold for US$22.1 million - US$220,459 per carat.
The company says this is the largest perfect diamond with a classic Emerald-cut ever sold at auction; the first 100+ carat perfect diamond sold at auction in New York; and the highest price for any colorless diamond auctioned in New York.
Commenting on the record sale, Sotheby's Chairman for North & South America's International Jewelry Division Lisa Hubbard, said "This diamond is exceptional in every sense of the word, and we were thrilled to see it achieve such a strong result. The stone captivated people around the world throughout our extensive travels this spring, but it was a particular privilege to offer it at our New York headquarters. Including today's result, only six perfect diamonds weighing over 100 carats have sold at auction in the last 25 years - a testament to the incredible rarity of these stones."