Largest diamond ever auctioned sold for record $34 mn in Geneva

The 163.41 carat diamond has been set in an emerald and diamond necklace. Pic Christie's Images Ltd 2017

The largest-ever D-flawless diamond to be put up for auction, mounted in a diamond and emerald necklace, sold for $33.7 million Tuesday night, including buyer's fees.

A team of 10 specialists in NY cut the jewel from a rough 404-carat stone discovered in Angola a year ago, the biggest diamond ever found in that country.

The colourless diamond was taken from a 404-carat stone found in Angola.

But some had expected The Art of Grisogono, which Christie's described as a "masterpiece of unparallelled beauty and exquisite workmanship", to fetch even more.

The necklace is made of 18 diamonds on one side and two rows of pear-shaped emeralds on the other.

Previously, Christie's set an auction record in May 2016 with the sale of a 14.62-carat diamond known as the "Oppenheimer Blue" for $50.6m (£34.7m).

Unsurprisingly it comes with a hefty price tag.

Christie's jewel auction, which raked in sales totalling 105.4 million Swiss francs, will be followed Wednesday by a similar auction at Sotheby's.

The white, matchbox-size "Creation 1" diamond from Swiss jeweler de Grisogono weighs a whopping 163 carats.

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