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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 / shutterstock.com

 

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.



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