Christie’s Selling A fabulous And Unique 100 Carat Flawless Diamond

The precious stone, named The Spectacle, is estimated at 12 million dollars, and will be sold at Christie’s auction in Geneva on May 12.

This astonishing stone is a very rare Type IIA, D Colour, Internally Flawless Diamond polished from an incredible rough gem unearthed in 2016 in northeast Russia. Since the demand for gems is stronger than ever, and the price of rough gems is soaring high ("The Spirit of the Rose," an extremely rare 14.8-carat purple-pink Russian diamond has sold at auction in Switzerland for $26.6m in November 2020), Sotheby's and Christie's are competing in creativity to offer exceptional gems to their clients. On May 12 in Geneva, all eyes will be on Christie's, as the auction house will offer for sale The Spectacle. This exceptional 100.94 carat, colorless, emerald-cut diamond, was not discovered in Botswana or Lesotho as is the tradition, but from the Republic of Sakha, in northern Siberia. It was there, in 1954, that two stubborn female geologists discovered the first Soviet diamonds.

Faced with this media buzz, it might almost seem natural to get your hands on such impressive diamonds. Moreover if the figures given by the National Diamond Council on the extraction of diamonds in 2019 (138,166,286.95 carats) can make you dizzy, we must not forget that each natural diamond takes several million years to form in the deep earth. "What makes a diamond valuable is its rarity. It's a terrestrial capsule at your fingertip,” says Mina El Hadraoui, France director of the National Diamond Council.

"Like it or not, all stones are doomed to disappear one day. However, there is no need to panic, there will always be an alternative in the form, for example if the pink diamond mine in Australia has closed its doors, the one in Russia is still functioning. It's all about supply and demand, supply will always meet demand,” she adds. In the meantime, the possible shortage is unlikely to stop the most prominent auction houses soon, and they will surely continue to fuel the buying fever over the next few years with second-hand gems.