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76-carat diamond to fetch up to $25 mln

11-11-2012 09:48 BJT

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One of the world’s rarest and most famous diamonds, the 76.02-carat Archduke Joseph Diamond, is expected to fetch between 15 and 25 million US dollars when it goes up for auction at Christie’s next week.

The flawless white diamond has a cushion shape and is billed as the largest in private hands. It traces its origins to India’s famous Golconda mines, where several other famous diamonds were excavated. The giant gem once belonged to Archduke Joseph August of Austria, who passed the diamond on to his son in the 1930s.

It was deposited in a vault in the Hungarian General Credit Bank before being sold to an anonymous buyer prior to World War II. The auction is set for November 13th in Geneva. Also on the block will be an ultra-rare Patek Philippe platinum perpetual calendar chronograph watch from the private collection of British rocker Eric Clapton.

One of the world’s rarest and most famous diamonds, the 76.02-carat
Archduke Joseph Diamond, is expected to fetch between 15 and 25 million
US dollars when it goes up for auction at Christie’s next week.

One of the world’s rarest and most famous diamonds, the 76.02-carat
Archduke Joseph Diamond, is expected to fetch between 15 and 25 million
US dollars when it goes up for auction at Christie’s next week.

Editor:Zhang Jingya |Source: CCTV.com

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