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    Home » An egg-sized diamond fetches over $21 million at the Geneva sale
    Luxury

    An egg-sized diamond fetches over $21 million at the Geneva sale

    August 15, 2022

    The Rock, an egg-sized white diamond billed as the largest of its kind to be auctioned, sold for more than CHF21.6 million ($21.75 million), including fees – at the low end of what Christie’s expected. As reported by AP, the 228-carat pear-shaped G-Color stone has a gross weight of 61.3 grams (2.2 ounces) and dimensions of 5.4 centimeters by 3.1 centimeters (2.1 inches by 1.2 inches).

    An egg-sized diamond fetches over $21 million at the Geneva saleG-Color diamonds are not the highest grade diamonds, but are ranked fourth below D-Color diamonds. A private buyer acquired The Rock, which had a pre-auction estimate of between 19 million and 30 million Swiss francs. In addition, the “Red Cross” diamond was sold under the hammer, fetching nearly 14.2 million francs, double the pre-sale estimate. For the first time in 1918, the diamond was auctioned off after being cut from a rough stone discovered in the Griqualand mines of South Africa.

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    Pakistan Faces Rising Inflation Amid Persistent Food and Education Disparities

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    Many shoppers in Lahore continue to encounter retail prices well above official rates despite government efforts to reduce prices, with retailers not passing on the reductions. The price gap extends to chicken, vegetables, and fruit across multiple markets. As Pakistan grapples with renewed inflation and increasing fuel prices, consumers are experiencing higher costs. Official figures indicate that household expenses are rising in several categories, adding strain to families already burdened by increasing prices for essential food items and transportation.

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