40.5ct Eye of Golconda Fails to Sell

The Eye of Golconda, an impressive necklace built around two D-flawless diamonds that was predicted to fetch as much as $10 million at the Christie’s jewelry auction last week, did not sell, company officials said.

The Eye of Golconda, an impressive necklace built around two D-flawless diamonds that was predicted to fetch as much as $10 million at the Christie’s jewelry auction last week, did not sell, company officials said.

The Eye-of-Golconda Necklace failed to sell at Christie’s

The piece, the headline offering at the auction house’s Hong Kong Magnificent Jewels sale on May 27, featured a 40.5 ct. D-color internally flawless diamond from the famed Golconda mine, as well as a 6.76 ct. D-internally flawless Golconda diamond up top.

“There was interest up to $7.2 million,” François Curiel, chairman of Christie’s Asia Pacific, tells JCK.  “But the vendor insisted on $8.5 million, so we did not sell it.”

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