AIRLINK 193.50 Increased By ▲ 1.66 (0.87%)
BOP 9.95 Increased By ▲ 0.08 (0.81%)
CNERGY 7.66 Decreased By ▼ -0.01 (-0.13%)
FCCL 38.33 Increased By ▲ 0.47 (1.24%)
FFL 15.72 Decreased By ▼ -0.04 (-0.25%)
FLYNG 25.61 Increased By ▲ 0.30 (1.19%)
HUBC 130.67 Increased By ▲ 0.50 (0.38%)
HUMNL 13.81 Increased By ▲ 0.22 (1.62%)
KEL 4.68 Increased By ▲ 0.01 (0.21%)
KOSM 6.19 Decreased By ▼ -0.02 (-0.32%)
MLCF 45.01 Increased By ▲ 0.72 (1.63%)
OGDC 209.00 Increased By ▲ 2.13 (1.03%)
PACE 6.62 Increased By ▲ 0.06 (0.91%)
PAEL 40.92 Increased By ▲ 0.37 (0.91%)
PIAHCLA 17.75 Increased By ▲ 0.16 (0.91%)
PIBTL 8.10 Increased By ▲ 0.03 (0.37%)
POWER 9.19 Decreased By ▼ -0.05 (-0.54%)
PPL 181.00 Increased By ▲ 2.44 (1.37%)
PRL 39.54 Increased By ▲ 0.46 (1.18%)
PTC 24.30 Increased By ▲ 0.16 (0.66%)
SEARL 108.35 Increased By ▲ 0.50 (0.46%)
SILK 0.97 No Change ▼ 0.00 (0%)
SSGC 38.86 Decreased By ▼ -0.25 (-0.64%)
SYM 19.22 Increased By ▲ 0.10 (0.52%)
TELE 8.69 Increased By ▲ 0.09 (1.05%)
TPLP 12.35 Decreased By ▼ -0.02 (-0.16%)
TRG 66.00 Decreased By ▼ -0.01 (-0.02%)
WAVESAPP 12.63 Decreased By ▼ -0.15 (-1.17%)
WTL 1.70 No Change ▼ 0.00 (0%)
YOUW 3.95 No Change ▼ 0.00 (0%)
BR100 11,964 Increased By 33.3 (0.28%)
BR30 35,823 Increased By 163.3 (0.46%)
KSE100 113,888 Increased By 681.2 (0.6%)
KSE30 35,767 Increased By 201.9 (0.57%)

DUBAI: The world's largest known cut diamond went on public display for the first time Monday ahead of its sale, when it is expected to reach five million dollars.

The Enigma, the name of the rare black carbanado diamond, was put on display in Dubai, in the United Arab Emirates.

The diamond is believed to have been created when a meteorite or an asteroid hit the Earth more than 2.6 billion years ago, according to Sotheby's auction house jewellery specialist Sophie Stevens.

One of the most difficult substances to cut, the 555.55-carat diamond has never been shown by its unnamed owner of the past 20 years, but experts turned it into a 55-face jewel.

Its shape was inspired by the Middle East palm-shaped symbol of power and protection, the Hamsa, which is also associated with the number five.

"It is very different," said Stevens of the jewel, which holds a Guinness World Record as the largest cut diamond.

After being on show in Dubai the Enigma will also be taken to Los Angeles and London, before a seven day online auction starts on February 3.

What Sotheby's called a "cosmic wonder" could very well go to a bitcoin bidder, Stevens said.

"We are accepting cryptocurrency for the diamond, which we have done for other important stones," she said.

Last year in Hong Kong, the Key 10138 diamond sold for 12.3 million dollars which was paid in cryptocurrency.

Comments

Comments are closed.