A Gigantic Diamond Dug Up In Ontario Just Sold For $20 Million

It's 102.39 carats.
Ontario Diamond That Was Dug Up In The Province Just Sold For $20 Million
Sotheby's Sotheby's
Contributing Writer

Diamonds might be a girl's best friend, but they don't come cheap.

A flawless Ontario diamond just sold for a whopping $20.9 million in an online Hong Kong auction on Monday. 

The ultra-rare rock, which is 102.39 carats, was discovered in the now-closed Victor Mine in Northern Ontario.

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$20.9 Millon Ontario diamond sold

Before its sale, the white diamond was boasted as being amongst the best in the world.

It was original discovered as a 271-carat rough in 2018, before being polished down to the beautiful shape it is today. 

"This stunning diamond is the best of the best when it comes to exceptional white diamonds and it is difficult to overstate its rarity and beauty," said Gary Schuler, Worldwide Chairman of Jewelry.  

According to a report by CTV News, diamonds are now being swept up as alternative investment opportunities during the pandemic. 

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  • Patrick John Gilson

    Contributing Writer

    Patrick John Gilson (he/him) is a Contributing Writer with Narcity Media. He is a pro at ensuring his content is both exciting and tailored to millennials. He specializes in breaking news and investigative stories that require him to be on scene— something he enjoys and thrives in.

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