“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.
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.