'The Rock', a record-setting white diamond, goes up for auction

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GENEVA - The largest white diamond ever auctioned will go under the hammer in Geneva next week, part of a sale by Christie's that features two stones weighing more than 200 carats each. 'The Rock', a 228.31 carat pear-shaped stone roughly the size of a golf ball, is expected to sell for up to US$30 million (S$41.5 million), the auctioneer...

Returning for the third time since its mining in 1901, the 'Red Cross', a fancy intense yellow, cushion-shaped 205.07 carat diamond and a 228.31 carat white diamond called 'The Rock' that could fetch US$30 million and is the largest ever seen throughout auction market history are pictured during a preview at Christie's before their auction sale in Geneva, Switzerland, May 6, 2022.

"Often with these largest stones, they sacrifice some of the shape in order to keep the weight," Max Fawcett, the head of Christie's jewellery department in Geneva, told Reuters. Diamond prices have been buoyed by sanctions on major producer Russia as well as the return of VIP events as pandemic restrictions unwind.

Christie's is also selling a 205.07 carat yellow, cushion-shaped stoned named "The Red Cross Diamond" since an unspecified portion of the auction proceeds will go to the Geneva-based International Committee of the Red Cross .

 

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