Ahead of auction Christie's presents $15 million diamond

Geneva, Nov 8 (IANS) Archduke Joseph Diamond, one of the rarest and most famous diamonds in the world, was presented here Thursday by Christie's and was expected to fetch more than $15 million at an auction Nov 13. The diamond's origin is traced to Golconda mines in India.

The magnificent gem combines an impressive size of 76.02 carats, perfect colour and internally flawless clarity, reported Xinhua.

Jean-Marc Lunel, senior specialist at jewellery department of Christie's, said due to its cut, shape, colour and clarity, Archduke Joseph was certainly one of the most important and precious diamonds ever presented at auction.

According to Lunel, this diamond has been officially recorded as the property of Archduke Joseph August of Austria, Palatine of Hungary (1872-1962), and was subsequently named after him.