This 101-carat diamond is THE most expensive jewel ever purchased with cryptocurrency.
Sotheby’s auction house sold it Friday for the equivalent of $12.3 million, after the auctioneer announced it was accepting offers in bitcoin and ethereum. Sotheby’s did not disclose which of the two cryptocurrencies had been used to make the purchase.
The diamond, named The Key 10138, went to an
“anonymous private collector.”
Sotheby’s deputy chairman for jewelery in Asia, Wenhao Yu, said that the sale had attracted
“new clients well beyond the traditional pool of collectors… say that cryptocurrency appealed to a “digitally savvy generation.”
Remarkably rare, the stone is the 2nd largest pear-shaped diamond ever to come to market and is classified as a “D color” diamond, the highest such grade awarded to white diamonds, meaning it appears colorless to the naked eye. It is also verified as internally and externally “flawless,” meaning it is completely clear with no visible blemishes.
It is one of only 10 diamonds of its quality weighing over 100 carats ever to appear at auction.