'Perfect' Archduke Joseph Diamond fetches record £14m in auction

London, Nov. 14 (ANI): The Archduke Joseph Diamond has set a new record price per carat as it was auctioned off for 14 million pounds in Geneva on Tuesday.

The diamond fetched well above the expected 15 million dollars and more than triple the price paid for it at an auction almost two decades ago, the Telegraph reported.

The 76.02-carat diamond, with perfect colour and internally flawless clarity, was named after Archduke Joseph August of Austria, the great grandson of both a Holy Roman emperor and a French king, the paper said.

The seller, Alfredo J. Molina, chairman of California-based jeweller Black, Starr and Frost, said that there were two main bidders and he was delighted with the result, it said.

Molina also said that the winning bidder, who wishes to remain anonymous, will donate the diamond for display at a museum, it added.

"It's a great price for a stone of this quality," he said.

"It's one of a kind, so it's like saying 'Are you pleased when you sell the Mona Lisa?' Or 'Are you pleased when you sell the Hope Diamond?'

"It's all what the market will bear, and the stone sold for a very serious price," he added. (ANI)

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