March 23, 2012 | $70 Million Diamond Ring is First Ever to be Carved from a Giant Diamond ~ Jeweler Shawish has unveiled a $70-million diamond ring, the first to be carved from a giant diamond. Utilizing "lasers and traditional diamond cutting and polishing techniques, the ring weighs in at an impressive 150 carats. |
When it was auctioned by Christie’s in Geneva in November 2013, this incredible stone, simply referred to as The Orange, was by far the largest fancy vivid orange diamond to be sold this way. Unsurprisingly, it fetched a record-breaking bid as well, which rose to an amazing $35.5 million, blowing its estimated value of $21 million out of the water. At almost $2.4 million per carat, this eye-catching gem also set a world record price per carat for any colored diamond sold at auction.