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No buyer Oddly Enough – Reuters

Global auction house Sotheby’s failed to hammer off a 72.22-carat, “D” flawless white diamond at its Asian sales last week in a possible sign of weakness in the global diamond trade.

The large diamond which had a pre-sale estimate of $10-12 million, attracted a final bid of HK$73 million ($9.24million) that fell short of the reserve price and went unsold, said Sotheby’s press officer Rhonda Yung.

The diamond was later sold to a private buyer for an undisclosed sum, Sotheby’s said.

April 20, 2008 - Posted by | Wow! | ,

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