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Huge Light of Africa Diamonds Sells for Over $20 Million

The 103.49 carat gem shattered its high estimate of $18 million
Light of Africa diamond christies
Credit: Christies

Christie’s’ New York Magnificent Jewels sale on June 8 saw the flawless 103.49-carat diamond known as “The Light of Africa” sell for $20,084,000, shattering its high estimate of $18 million, according to IDEX Online.

 

The D-color, Flawless, emerald-cut, Type IIa diamond, was cut and polished from a 299.3-carat rough unearthed at the Cullinan Mine in South Africa, owned by Petra Diamonds.

 

Rahul Kadakia, international head of jewelry at Christie’s, said: “The 103.49 carat Light of Africa D Flawless diamond achieved an incredible $195,000 per carat demonstrating the strength of the diamond market at the highest levels.”

 

All in all, the Magnificent Jewels auction raked in $48,872,000 with 95% sold by lot and 98% sold by value.

 

light of africa diamond
Credit: Christie’s


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