INFOLINKS

Thursday, November 15, 2012

Diamond mined in Golconda auctioned for record $21.5m

A cushion-shaped internally 76.02-carat flawless Golconda diamond was auctioned for a record price of $21.47 million (£13.5 million) by Christie’s in Geneva on Tuesday evening.
The diamond, mined in India’s famous Golconda mines, is named after its first recorded owner, Archduke Joseph August of Austria (1872-1962). The diamond’s history before this is unknown.
The diamond was purchased by an anonymous bidder. The sale was a record for a colourless diamond, a colourless Golconda diamond and for price per carat of a colourless diamond ($280,000 per carat).

Golconda diamonds are still considered to be the finest and possess superb luminousness and transparency. Experts around the world widely agree that all diamonds which display this special luminousness are of Indian origin. The famous Golconda diamonds include the Koh-i-Noor, Darya-e-Nur and the Hope diamond.

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