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Market NewsNewsSotheby's to auction man-made diamond

Sotheby's to auction man-made diamond

On 5 December, The (Red) Diamond, a man-made all-diamond ring with no metal, will be auctioned by Sotheby’s, expecting to raise between $150,000-250,000, Livemint.com reported.

While the solid sparkling block—which is expected to have an unprecedented 2,000-3,000 facets—has been created by the Diamond Foundry, a San Francisco-based start-up that counts actor Leonardo DiCaprio among its investors and is designed in part by Jony Ive, Apple’s chief design officer, it is the auction house which lends authenticity to the hitherto contested diamond form, said the Livemint.com report.

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