By Le-Min Lim
May 28 (Bloomberg) — A 101-carat, near-flawless diamond sold for HK$48.5 million ($6.2 million) at a Christie’s International sale in Hong Kong, propelling the city past Geneva and New York as the auction house’s biggest jewelry market.
The diamond, the highlight of Christie’s jewelry sale, has the third-highest clarity rating of VVS1 and the third-best ranking on a scale used to measure colorlessness. The stone, the size of a quail’s egg, had a presale high estimate of $8 million. Christie’s sale of 258 gems, among 345 offered, fetched about $60 million, compared with $49 million from its New York auction and $56 million in Geneva, London-based Christie’s said. Read more about Christie's Sells 101-Carat Diamond at HK$48.5 Million (Update1) …