76 Carat Diamond Expected to Fetch $15 Million at Auction

By Inquisitr

Credit: The Inquisitr

76 Carat Diamond Expected to Fetch $15 Million at Auction

October 15, 2012 Updated Oct 15, 2012 at 11:55 AM PDT

A flawless 76-carat diamond is expected to snag a cool $15 million when it hits auction next month. The rock in question, which is known as the Archduke Joseph diamond, is reportedly big enough that it can fit snugly inside the palm of an adult hand. In other words, this isn't something you’ll want to wear on your finger or around your neck.

Christie’s is presently set to auction the legendary 400-year-old 76-carat diamond in Geneva this November, though you’ll probably want to make sure you have plenty of money in your bank account before placing a bid.

Experts seem to think the Archduke Joseph will fetch upwards of $15 million. However, should a bidding war erupt, that price could easily skyrocket.

During his appearance on NBC’s TODAY Show, Christie’s Head of Jewelry Rahul Kadakia said that it’s difficult for most people to imagine a diamond of this size and shape. “It can be hard to visualize exactly how big a 76.02 carat diamond is,” he explained. “It’s about the size of a quail’s egg, and completely pure and clear in color.

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