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Crypto Rocks: Sotheby’s Sells First World-Class 100-Carat Diamond to Crypto-Buyer August 05, 2021 (0 comments)


New York, NY--Another milestone was recently reached in the adoption of cryptocurrencies, when Sotheby’s set the highest price achieved for any jewellery or gemstone purchased with cryptocurrency, said a recent Sotheby's release. The exceptional 101.38-carat pear-shaped D Flawless sold for HK $95.1 million / US $12.3 million to an anonymous private collector in a landmark single-lot auction, according to the auction house. Named “The Key 10138”, the diamond - the second-largest pear-shaped diamond ever to appear on the public market – came from the world-leading diamond company Diacore.

Wenhao Yu, Deputy Chairman of Sotheby’s Jewellery in Asia, said: “We are thrilled to witness a historical moment when one of the Earth’s oldest and rarest treasures was purchased using humanity’s newest universal currency. Today we saw active participation from collectors across the globe as well as interest from new clients well beyond the traditional pool of collectors. By introducing this innovative payment option to our luxury sale, we open up new possibilities and expand our reach into a whole new clientele, many of whom are from the digitally savvy generation. The result today not only attests to the resilient demand for top quality diamonds, but also reinforces Sotheby’s position as a pioneer in the luxury field."

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