UNITED STATES: SAUDI ARABIAN JEWELLER PAYS MORE THAN SEVEN MILLION DOLLARS FOR FLAWLESS EMERALD-CUT DIAMOND.

Record ID: 869247

  • Title: UNITED STATES: SAUDI ARABIAN JEWELLER PAYS MORE THAN SEVEN MILLION DOLLARS FOR FLAWLESS EMERALD-CUT DIAMOND.
  • Date: 25th October 1991
  • Summary: NEW YORK CITY, UNITED STATES (OCTOBER 24, 1991) (REUTERS - ADDISON ARMSTRONG/REUTERS-NEW YORK - MOHAMMED AWAD ) GV SOTHEBY'S EXTERIOR 0.05 GV AUCTION IN PROGRESS 0.10 SCU AUCTIONEER ANNOUNCING BID FOR 6.5 MILLION DOLLARS 0.14 SV DEALERS 0.16 SV AND PULLOUT AUCTIONEER ANNOUNCING SALE OF 80-CARAT DIAMOND (2 SHOTS) 0.29 SCUS 80-CARAT DIAMOND (2 SHOTS) 0.45 SCU FITAIHI S
  • Embargoed: 9th November 1991 12:00
  • Keywords:
  • Location: Usa
  • City:
  • Country: USA
  • Topics: Entertainment
  • Reuters ID: LVAEOL7XRHK6W95RTMR98KDWPA0Y
  • Aspect Ratio:
  • Story Text: A Saudi Arabian jeweller has paid 7.15 million United States (U.S.) dollars for the largest flawless emerald-cut diamond ever offered for auction.

    Ahmed Fitaihi bought the 80-carat diamond at Sothebys in New York on Thursday (October 24) with a bid of 6.5-million dollars, to which the auction house added 10 per cent commission.

    Fitaihi told reporters he would name the newly-cut diamond "Jeddah Bride", after his home city. It is traditional for the first buyer of a major gem to give it a name, a Sotheby's spokesman said.

    Fitaihi also paid 1.87 million U.S. dollars for a ring into which an emerald-cut diamond had been set. The 39.99-carat diamond was cut from "The Ice Queen", a 426-carat stone mined in South African in 1954.
  • Copyright Holder: REUTERS
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