Australia’s largest diamond ring sold at a Sydney auction for a record $ 965,000, The News Glory reports.
The 25-carat square stone was cut from rough diamonds weighing 47,961 carats. The estimated price of a diamond mined at the Canadian tundra was $ 1.2 million.
The ring set a new sales record. In 2020, a 17.34-carat diamond ring sold for $ 444,000 at a Leonard Joel auction in Sydney.