A rare 101.38-carat pear-shaped D-Flawless diamond named “The Key 101.38” was sold by British-founded auction house Sotheby's this Friday.
An anonymous buyer from Hong Kong forked out a staggering $12 million worth of crypto for the gemstone.
It’s not clear what cryptocurrency was used for the record-breaking purchase, but Sotheby's only accepts Bitcoin and Ethereum.
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“The Key 101.38” is a type IIa diamond, which means that it doesn’t contain any nitrogen impurities.
Since gems with such a high level of optical transparency are incredibly rare, they are usually reserved for billionaires, royalty, and celebrities.
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Vladislav Sopov
Dan Burgin