A model holds a 102.39-carat flawless oval diamond sold at a Sotheby’s online auction in Hong Kong for the equivalent of US$15.7 million on Monday. Photo: AFP A model holds a 102.39-carat flawless oval diamond sold at a Sotheby’s online auction in Hong Kong for the equivalent of US$15.7 million on Monday. Photo: AFP
A model holds a 102.39-carat flawless oval diamond sold at a Sotheby’s online auction in Hong Kong for the equivalent of US$15.7 million on Monday. Photo: AFP

US$15.7m sale of diamond shows appetite for safe- haven assets among savvy investors, jeweller says

  • A 102-carat white diamond described as ‘completely flawless’ was sold for HK$122 million to an unnamed bidder at a Sotheby’s online auction in Hong Kong
  • The price is a bargain, says jeweller 77 Diamonds’ managing director, and shows the demand for alternative safe-haven assets at a time of economic uncertainty

Topic |   High Jewellery
A model holds a 102.39-carat flawless oval diamond sold at a Sotheby’s online auction in Hong Kong for the equivalent of US$15.7 million on Monday. Photo: AFP A model holds a 102.39-carat flawless oval diamond sold at a Sotheby’s online auction in Hong Kong for the equivalent of US$15.7 million on Monday. Photo: AFP
A model holds a 102.39-carat flawless oval diamond sold at a Sotheby’s online auction in Hong Kong for the equivalent of US$15.7 million on Monday. Photo: AFP
READ FULL ARTICLE