Diamond worth more than $7 million up for auction in Geneva

(14 May 2024)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
Geneva, Switzerland – 14 May 2024
1. Allnatt diamond, a 101.29 carat, Fancy Vivid Yellow diamond, mounted as a brooch by Cartier, with an estimate of 5.6 M to 6.5 million Swiss Francs ($6.1 M – $7.1 M)
2. SOUNDBITE (English) Catharine Becket, head of sales of Magnificent Jewels at Sotheby’s:
"What I’m holding here is the wonderful Allnatt diamond mounted by Cartier in 1952. The stone itself weighs 101.29 carats, is fancy vivid yellows, the very top color, and is VS-2 clarity. We call it the Allnatt because the first known owner of the stone was a Major Ernest Alfred Allnatt, a British sportsman, collector of Old Master paintings and philanthropist. He brought this stone to Cartier in 1952, where they put together this beautiful flower-inspired mount. This piece is in our sale for just over $6 million U.S, and it is definitely the star of the season for us."
3. Various of Allnatt diamond
4. People walking toward Allnatt case
5. Various of diamond
STORYLINE:
A huge diamond with an estimate of over $7 million will go on sale in Geneva this week, auctioned by Sotherby’s.

The 101 carat Allnatt diamond is believed to have been mined in South Africa more than 100 years ago.

It is of such importance that it has appeared in international exhibitions, including at the Smithsonian Museum in Washington DC.

This is the first time it’s been up for sale in almost 30 years.

The Allnatt is not the only big money jewel on sale at the Sotheby’s Magnificent Jewels and Noble Jewels Sale.

An Internally Flawless, E colour diamond weighing 37.61 carats is expected to fetch between 1,460,000 CHF – 2,370,000 CHF ($1.6 M – $2.6 M).

In total, there are around 120 lots, many with six or seven figure estimates.

The auction will take place on May 14 at the Mandarin Oriental hotel in Geneva.

AP video shot by Boris Heger

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