Dlawless 163-carat diamond fetches $49.4 million in Geneva auction

Biggest diamond ever to be sold fetches £25 million at auction

"To date, this is the largest D flawless diamond ever to appear for sale at auction", Christie's said when it first announced the gem would be part of its annual Magnificent Jewels sale.

Described as "the most handsome diamond in the world", the 163.41 carat flawless D-colour emerald-cut diamond was auctioned off at Christie's in the Swiss city on Tuesday evening, and had an original guide price of £23m.

The necklace is made of 18 diamonds on one side and two rows of pear-shaped emeralds on the other.

The diamond itself was cut from a 404 carat rough rock which was found in February of 2016 in Angloa's Lulo mines. D, according to gemologists, is the highest colour grade given to diamonds and indicates that the precious stone is absolutely colourless and therefore rare.

A team of more than 10 specialists from the Julius Klein Group in NY transformed the rough diamond into the final cut and polished gem. It is the eighth diamond of over 100 carats recovered this year.

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It took the 80-year-old six months to polish the diamond down into an emerald-cut. The finished piece of jewellery comprises white gold, diamond and emeralds and has been designed by Swiss jewellery maker de Grisogono.

Christie's described the stone as "a timeless symbol of beauty" and said it hoped to rake in $6.0-9.0 million (5.1-7.7 million euros) for the diamond. He also said that it also gave him a big headache as there was an huge pressure of "dressing" such an incredible diamond and doing something out of the box, as reported by Sky News.

"I have never had a problem finding creative ideas, but this time there was the enormous pressure of "dressing" such an wonderful diamond. I needed a design that is outside the box".

The flawless 163-carat clear diamond, the centrepiece of an asymmetric gem-studded necklace, was the largest of its kind ever auctioned.

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