Red Cross Dıamond hoped to fetch $10.7 mıllıon at auctıon
The 205-carat fancy yellow diamond dubbed the “Red Cross Diamond” will be auctioned next month, and is expected to fetch around $US10.7 million ($AUD14.41 million). The sellers say a “significant” part of the proceeds will be donated to the International Red Cross. The stone – a fancy yellow cushion-shaped diamond – is considered one of the largest in the world, was mined in 1901 by DeBeers in South Africa and originally weighed around 375-carats.
Red Cross diamond is designed as a distinctive pavilion forming a Maltese cross and will be auctioned for the third time since it was unearthed around 100 years ago. The diamond received its name after it was first auctioned in 1918 for the benefit of the British Red Cross Society and the order of St. John which uses the symbol of the Maltese Cross.