Diamonds Update

Paddles at the ready! One of the world's largest flawless diamonds is about to hit the auction block.

On April 21, Sotheby's New York will sell a 100-carat, emerald cut internally flawless diamond, the largest of its clarity and cut ever shown at auction. The auction house expects it to fetch up to $25 million.

"Simply put, it has everything you could ever want from a diamond: the classic shape begs to be worn, while the quality puts it in an asset class of its own," said Lisa Hubbard, Chairman of North and South America for Sotheby's International Jewellery Division, in a press release. 

The uncut diamond weighed over 200 carats.

The massive gem will lead the house's Magnificent Jewels auction, culminating a six-city exhibition tour that included stops in Dubai, London and Hong Kong. (Other highlights include colored diamonds, a collection of Kashmir sapphire jewelery and several Art Deco pieces from Cartier.)

"People everywhere have been drawn to it from across the room and they are in awe of its size, particularly when they put it on their hand," says Gary Schuler, the head of Sotheby's jewelery department in New York. "They can't believe there's a diamond this pure of s

via edition.cnn.com