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Abu Dhabi, UAEWednesday 26 September 2018

Rare diamond to fetch world record price at Sotheby's 

The stone, which weighs over 102 carats is expected to be sold for more than US$260,000

An assistant holds a 102.34 carat white diamond at Sotheby's auction house in London. The asking price for this 'rarest of rare' diamonds has not been disclosed. Reuters/Hannah McKay
An assistant holds a 102.34 carat white diamond at Sotheby's auction house in London. The asking price for this 'rarest of rare' diamonds has not been disclosed. Reuters/Hannah McKay

A flawless diamond, the size of a large strawberry, is expected to fetch a world record price when it comes to market at Sotheby's in London this month.

Weighing just over 102 carats, the round, brilliant white stone is smaller than a 118-carat oval diamond sold in Hong Kong in 2013, which currently holds the record price per carat.

But Sotheby's, which also handled that Hong Kong sale, expects the smaller stone's rarity and high quality will see it attract an even higher price.

"That (stone sold in Hong Kong) fetched US$260,000 a carat, currently the world record for any colourless diamond. This one being a round brilliant cut - the asking price will be north of that," Patti Wong, chairman of Sotheby's Diamonds told Reuters.

The diamond is the only stone over 100 carats to have been given the highest grades in every criteria by the Gemological Institute of America, which judges a precious stone's quality, Sotheby's said.

It has not disclosed the asking price for the stone, which will be sold in a private sale.

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