Remember a couple of weeks ago we told you about the diamond bought at a garage sale for $13 turned out to be worth $456K? It actually sold for a lot more than that!
At an auction in London the other night, Sotheby’s Fine Jewels sold the rare gem at almost double what they thought it would get: not $325,000 to $456,000…but $847,667.
An anonymous seller bought the 26-carat ring at a garage sale back in the 80s: thinking it was costume jewelry. Only decades later, when they got it appraised by a local jeweler, did they discover its true value.
It’s interesting to know the cushion-shaped diamond was set in a tarnished and dirty 19th century mount. It’s been rumored the unidentified buyer will probably re-cut the diamond to make it even more valuable. The reason? Diamonds from the 1800s were made for candlelight: not today’s white artificial light…the re-cut will bring out that brilliance. This diamond was most likely owned by a wealthy person…or even royalty: because modern diamond mines weren’t in existence back then…and diamonds weren’t widely available.
Source: CNN Style