Sharmistha Ray comments

Posted in: Sparkling Koi Diamond, the ultimate embodiment of Japanese legend and tradition See in context

I am from India, home of many of the world’s most valuable colored diamonds, so this story is of particular import for me. A recent press release revealed the head of jewelry at Christie’s Americas and Switzerland as commenting on fancy stones: “Over the last ten years, Fancy Color Diamonds have jumped ten fold. What was $100,000 to $300,000 per carat, can now be worth $1.7 million to $2.0 million per carat or more.” Given what the author said, and Mr. Elzas’ suggested expertise, plus the fact the GIA’s inability to appraise the stone without such an expert, it seems logical to assume this rare gem may be worth in excess of $70 million. Of course this depends on what a prospective buyer is willing to pay.

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