Close Menu
    • Home
    • Contact Us
    Gulf Peninsula: One Gulf. Every important story.Gulf Peninsula: One Gulf. Every important story.
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • Sports
    • Technology
    • Travel
    Gulf Peninsula: One Gulf. Every important story.Gulf Peninsula: One Gulf. Every important story.
    Home » An egg-sized diamond fetches over $21 million at the Geneva sale
    Luxury

    An egg-sized diamond fetches over $21 million at the Geneva sale

    August 15, 2022
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    The Rock, an egg-sized white diamond billed as the largest of its kind to be auctioned, sold for more than CHF21.6 million ($21.75 million), including fees – at the low end of what Christie’s expected. As reported by AP, the 228-carat pear-shaped G-Color stone has a gross weight of 61.3 grams (2.2 ounces) and dimensions of 5.4 centimeters by 3.1 centimeters (2.1 inches by 1.2 inches).

    An egg-sized diamond fetches over $21 million at the Geneva saleG-Color diamonds are not the highest grade diamonds, but are ranked fourth below D-Color diamonds. A private buyer acquired The Rock, which had a pre-auction estimate of between 19 million and 30 million Swiss francs. In addition, the “Red Cross” diamond was sold under the hammer, fetching nearly 14.2 million francs, double the pre-sale estimate. For the first time in 1918, the diamond was auctioned off after being cut from a rough stone discovered in the Griqualand mines of South Africa.

    Related Posts

    Global luxury market contracts for first time since Great Recession

    November 18, 2024

    Uncover the allure of Rolex Deepsea – luxury awaits.

    April 10, 2024

    Beyond timekeeping to the prestige of the Rolex Day-Date

    March 2, 2024

    Rare uncut emerald dazzles at Sharjah show

    February 1, 2024

    Porsche and Frauscher launch the electric 850 Fantom Air

    October 17, 2023

    Revolutionizing the ultimate travel watch with Rolex’s GMT-Master II

    August 30, 2023
    Latest News

    World Bank Predicts 5% Growth for UAE Economy in 2026

    September 26, 2026

    Financial executives discuss macroeconomic growth projections inside modern corporate boardroom According to the latest Global Economic Prospects report, the economy is expected to accelerate further, reaching a growth rate of 5.1 percent in 2027. Analysts from the Ministry of Economy attribute this upward trend to comprehensive trade agreements, modernized regulatory frameworks, and significant investments in infrastructure. Despite ongoing global trade tensions, policy uncertainties, and complex geopolitical factors influencing regional markets, the UAE’s economy demonstrates remarkable resilience. Authorities prioritize creating a business-friendly environment marked by policy credibility, regulatory stability, and transparent financial governance to maintain long-term macroeconomic stability. Data on sectoral performance indicates that non-oil industries continue to be the main drivers of this accelerated growth phase. Sectors such as tourism, aviation, real estate, and financial services are experiencing unprecedented expansion and significantly contributing to the country’s gross domestic product. With the World Bank forecasting a 5 percent growth rate for the UAE economy in 2026, international investment banks and sovereign wealth funds are redirecting capital towards emerging domestic sectors. The rapid integration of digital technologies, artificial intelligence, and renewable energy solutions further boosts national productivity and creates a competitive foundation for future industrial innovation across the broader Middle Eastern business landscape. World Bank Group Recognizes Positive Trends in UAE’s Economy Regional economic comparisons emphasize the country’s leading position within the Gulf Cooperation Council. While the wider Gulf region is expected to grow at a moderate pace, the UAE’s domestic market stands out because of its proactive economic liberal

    UAE Drives Growth in Tourism with New Major Investment Initiatives

    September 26, 2026

    GCC Calls on Gulf and EU to Enhance Measures for Securing Global Supply Chains

    September 25, 2026

    Egypt Maintains Interest Rates at 19% as Inflation Shows Signs of Decline

    September 25, 2026

    Asia-Pacific Growth Outlook Is Now Estimated at 5% for 2026, Up from Previous Predictions

    September 24, 2026

    UAE’s Abdullah bin Zayed Participates in Trump-Led Regional Leader Discussions

    September 23, 2026

    Egypt Sees Remittance Inflows Climb to $29.7 Billion by July 2026

    September 22, 2026

    Typhoon Dujuan Causes Heavy Rainfall and Disrupts Transportation in Eastern Japan

    September 21, 2026
    © 2026 Gulf Peninsula | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.