The Eye of Golconda Unsold During an Auction

 

The Eye of Golconda / Source: Mining.com

The Eye of Golconda / Source: Mining.com

 “The Eye of Golconda” failed to have a buyer during the five-day spring sale of  Christie’s Magnificent Jewels

The necklace is made of 2 Golconda diamonds and little emeralds around. “The Eye of Golconda” is the largest among its kind that was offered in an auction in Asia. It was expected to acquire $10 Million as per the auction house, unfortunately, they were not able to find and interested participants.

The Eye of Golconda / Source: Mining.com

Source: Mining.com

Another 9.38 carat pear-shaped pink diamond was sold for $6 Million (or $636,117 per carat), however, the bid was lower than what it was expected to have. 

The Indian medieval region of Golconda has been producing high-end diamonds for the past years. Among the expensive diamonds that were acquired in the place are Hope Diamond, Idol’s Eye, Koh-i-Noor and Darya-i-Noor. 

The Christie’s Magnificent Jewel’s auction gave them a revenue of $390 Million. However, about 81% were only sold out of the 300 lots offered during the auction.

By | 2017-03-17T19:54:20+00:00 May 30th, 2014|Categories: Mining News|Tags: , |0 Comments
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