Crypto

Sotheby’s first accepts cryptocurrency for a rare diamond

Its sale could exceed £ 10 million. A rare diamond will soon be put up for auction by the famous house Sotheby’s. And for the first time for a stone of such great value, the final transaction can be carried out in cryptocurrency, the group reported to Sky News on June 22. If payment in traditional currency is also accepted, the buyer will be able to pay in bitcoin or ether, they also clarified.

The 101.38-carat pear-shaped diamond is known as The Key 10138. It is one of 10 diamonds over 100 carats up for auction. Its sale will take place in Hong Kong on July 9, and its price is estimated from 10 to 15 million dollars, or from 8.3 to 12.5 million euros, specifies the British network.

Especially rare diamond

The deputy director of the Sotheby’s jewelry branch in Asia does not hide his enthusiasm for the idea of ​​conducting a cryptocurrency transaction for such a rare product. “This is a truly symbolic moment,” he said, quoting the channel. Before clarifying your thoughts: “Today, for the first time, this object, which is one of the most emblematic and oldest means of payment in the world, can be bought thanks to the latest universal currency, created by man.”

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According to Sotheby’s, this diamond is particularly unusual: it belongs to a very rare subgroup that makes up less than 2% of all rough diamonds in the world. As noted by Sky News, one of the most famous of these pear-shaped diamonds remains the Cullinan I, mounted on a British Imperial scepter on display at the Tower of London.

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