The Price of Luxury and Perfection

What is the pursuit of luxury without the pursuit of perfection? And how often do you get a chance to be the only person in the world to own an item that’s the “only one of its kind” in the world?

Finally on Tuesday, after all the media hype and frenzy surrounding the potential record setting sale of a “perfect” 100 carat emerald cut diamond, the speculation is over. Second only to a 118.28 carat white diamond that sold in Hong Kong in 2013 for $30.6 million, this 100.20 carat diamond sold at auction for $22.1 million at Sotheby’s in New York. According to Sotheby’s, there have been only six “perfect” diamonds weighing more than 100 carats in the last 25 years.

But what makes this particular diamond more special than the others? Gary Schuler, the head of Sotheby’s jewelry department, said the distinguishing factors are its color and clarity along with its size and beautiful shape.

The diamond was mined in southern Africa sometime in the last 10 years and originally weighed over 200 carats before it was cut and polished, the auction house said.