555-Carat ‘Enigma’ Black Diamond Sells for $4.3M Via Cryptocurrency
The founder of a cryptocurrency company purchased the stone and will rename it the “Hex.com” diamond.
Richard Heart, founder of cryptocurrency company Hex, tweeted Wednesday that he’s the one who purchased the diamond. He said he will rename the stone the “Hex.com” diamond.
Unsurprisingly, he used cryptocurrency to buy it, the auction house confirmed in a tweet of its own.
Sotheby’s offered the diamond in a one-lot sale that ran from Feb. 3-9, selling it without reserve, meaning there was no minimum bid required.
The final hammer price fell at the low end of the auction house’s pre-sale estimated range of £3 million-£5 million ($4.1 million-$6.8 million).
I won the world's largest cut diamond for our #HEXican cultural heritage! It'll be called the https://t.co/mLZsmWqXG0 diamond, it weighs 555.55 carats and has 55 facets. Congratulations to all you #HEXicans with #5555 club https://t.co/mLZsmWqXG0 tattoos. Let's all win together! pic.twitter.com/37mfTGbzMe
— Richard Heart ETH FORK PulseChain.com,PulseX.com!❁ (@RichardHeartWin) February 9, 2022
The hamsa, the palm-shaped symbol that is a sign of protection, inspired its shape. The hamsa is associated with the number five, aligning with the diamond’s 555.55 carats as well as its 55 facets.
In 2004, GIA issued a grading report for The Enigma, stating it was “the largest fancy black, natural color and largest diamond” it had graded to date.
The 2006 Guinness Book of World Records also listed it as the largest cut diamond in the world.
Prior to the Sotheby’s sale, the diamond had neither been seen on the market nor exhibited to the public.
The sale of the black diamond via cryptocurrency follows that of the “10138 The Key” flawless diamond in Hong Kong last year.
The buyer paid $12.3 million for the stone using the digital payment system.
The Latest
The report shows that couples are searching for vintage and antique rings, gold jewelry, pearls, and colorful pieces.
He’s remembered as a “font of passion,” leaving behind a legacy of dedication to his craft and community.
The first one will take place next month during the Jewelers of Louisiana’s and Mississippi Jewelers Association’s conventions.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The redesigned boutique features interactive displays and a workshop space for hands-on learning about watchmaking.
There is a willingness to comply with new government-mandated regulations, with an insistence that they should be practical and realistic.
A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
Ho Brothers offers scalable solutions for the future of custom jewelry.
The zone’s modernization will enhance and increase India’s jewelry manufacturing capabilities while aiding small and mid-sized businesses.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
The company plans to invest $25 million in marketing initiatives to boost awareness around its namesake and licensed brands.
Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.
The former WJA executive director is MFM’s new managing director.
DDG encourages retailers to educate customers on the positive impact of purchasing natural diamonds.
Highlighting the most iconic Tiffany collections, it’s inspired by the company’s late window designer, Gene Moore.
Jen Cullen Williams and Duvall O’Steen explore how jewelers can save time and money by using AI to analyze engagement and create content.
The retailer previously turned down an $8.4 billion offer in 2018.
The Florida store’s owner Miguel Gonzalez is retiring.
The lab stresses the importance of accurate identification, as the difference in price is “substantial.”
The brand also plans to expand its retail footprint from 138 to 200 stores over the next three years.
One is reserved for a NAJA member, the other for a non-member.
Longtime employees Carie Lehrke and Megan Mattice have received promotions.
Three guests joined National Jeweler and Jewelers of America to discuss trending time periods, spotting reproductions, and more.
Chris Clipper and Robert Lepere join the company with 50 years of combined experience.
The trendy, metallic earrings wink at classic spring colors.
JSA said a man and woman pulled the safe out of an Oakland jewelry store but couldn’t quite get it into their van.
The miner’s March auction generated $19 million.