Thursday, November 17, 2011

Christie's Geneva Auction Nets $61M

The largest exhibition of diamonds in the history of the Czech Republic is now open in Prague’s historical center and will run through November 22, the Ceske Noviny news site reports.

The exhibit, organized by the Diamonds International Corporation, includes over 300 diamonds ranging in size from onecarat to 22 carats with a combined value of over $26 million. Some of the stones on display were lent by the Antwerp Diamond Bourse.

Lubos Riha, a representative of Diamonds International, called diamonds “not only the most beautiful product of nature, but also an alternative investment tool.” Riha said that the purpose of the exhibit was to acquaint people with diamonds’ potential as an investment commodity.

After closing in Prague, the exhibit will move on to Karlovy Vary and then to Warsaw.

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