Tefaf, the world's largest art and antiques fair, closed Saturday with a bang as a 70.12 carat yellow diamond was sold for about $11 million! The enormous emerald cut stone was sold by London jewelry dealers Graff to a European client. Of course there were stunning pieces of art and other jewelry to be found at the exclusive fair and even with financial markets in a downward turn Tefaf experienced a 3.3% increase in attendees compared to 2007. When one buys a diamond that large, do you actually wear it or just keep it in a glass box to show your dinner guests...personally I think it would seriously weigh down my hand, not to mention completely keep me from ever putting that hand in a pocket. Click through for more exciting sales and a thief's prize.
Reader Comments (Page 1 of 1)
3-21-2008 @ 10:06AM
Andy said...
The stone itself wouldn't weigh your hand down, it would be the heavy duty mount. 70.12 ct is about half an ounce.
1 ct = 0.000440925 lbs
70.12 ct = 0.030917628 lbs = 0.493835467 oz.
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