November 23, 2020

De Grisogono Readies Auction of 164-Carat Diamond

HONG KONG — Jeweler De Grisogono unveiled an exceptional 163.41-carat diamond necklace creation, expected to fetch $40 million or more when it heads to Christie’s auction in November.
The piece, which at its center features a D-color Type IIa diamond of flawless clarity, was shaped from a 404.20-carat rough diamond. For now, the piece is simply called the Art of De Grisogono series “Creation I” or “the 164,” De Grisogono founder Fawaz Gruosi said, to be named by its eventual owner.
Bidding starts at $30 million but Gruosi said he is hoping in the range of $40 million or more. “I’m confident we’re going to sell,” he said.
If so, it would be yet another landmark sale this year. Earlier this week, Graff purchased the “Lesedi La Rona,” a 1,109-carat stone for $53 million, said to be the largest rough diamond discovered in the past century. In April, Chow Tai Fook created an auction record, purchasing the Pink Star for $71.2 million.

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The rough stone De Grisogono acquired was discovered in early 2016 in eastern Angola’s Lulo mine and was named “4 de Fevereiro.” The name is Portuguese for Feb. 4, a tribute to the day the country

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