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Australia: 20-Carat Diamond Breaks Auction Record

A 20.05-carat stone went for $1.16
127 carat rough diamond found in lulo by Lucapa
Credit: Lucapa

Leonard Joel Auctions in Australia announced that it has broken Australia’s record for the most expensive diamond ever sold with the sale of a 20.05-carat stone for $1.16 (USD), IDEX Online reports.


Diamond ring Australian record
Credit: Leonard Joel Important Jewels


The VVS2 gem, an emerald-cut stone, was sold at Leonard Joel’s Important Jewels Auction in Sydney, and broke the auction’s house own record for a diamond sold at auction – a 25.02-carat stone that sold for approximately $890,000 (USD) in April.


Auction jewelry watch christies
Credit: Gena Melendrez /


According to the auction house, the diamond was sold to a local buyer in the room after he fell in love with it at a viewing earlier that day.

Tags: Diamonds News, Jewelry News, Diamond Industry News, Mining News

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