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Auctioneer shows off 118-carat diamond in NYC


September 04. 2013 11:37AM
Associated Press

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(AP) A New York auction house is showing off a 118-carat white diamond that's the size of an egg.


The oval stone was highlighted at a Manhattan media event Wednesday. It will be auctioned in Hong Kong on Oct. 7 and has a pre-sale estimate of $28 million to $35 million.


Sotheby's calls it the greatest white diamond to be offered at auction in terms of size, quality, polish and color.


It was discovered in 2011 as a 299-carat rough diamond in an undisclosed southern African nation.


The current record for any white diamond is $26.7 million. That pear-shaped stone was over 101 carats. It was sold at Sotheby's Geneva last spring.


The stone being auctioned next month is nearly 20 percent larger.


Associated Press


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