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Largest cut faceted emerald auctions in Canada with CA$1.15m ‘low’ estimate
Named Teodora, or ‘gift of God’, the world’s largest cut faceted emerald sells in Canada this month
Paul Fraser Collectibles, Tuesday 17 January 2012
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It's the world's largest cut faceted emerald and is set to auction in Kelowna, British Columbia, Canada, later this month. The rare jewel weighs 57,500 carats — roughly 11 kilograms.
"The emerald's name is Teodora, which means 'gift of God' in [Portuguese]," said owner Regan Reaney as quoted by the Toronto Sun newspaper.
Mr Reaney acquired the gemstone along with an investment partner after the rare jewel was discovered down a mine in Brazil.
According to Reaney, the stone was then sent to India and cut before it wound-up in Canada.
The world's largest cut faceted emerald made headlines in Canada, earlier this week, when it was transported to Calgary to be appraised by a local jewel expert.
 The world's largest cut faceted emerald - valued at CA$1.15m |
The 57,500 carat emerald's value is estimated at CA$1.15m - although experts think this could be a conservative figure.
"It's super rare," said Reaney. "It's almost ... priceless because [of] the size of it."
According to early reports, the rare emerald has already attracted open tender bids from collectors around the world - from Houston, Texas, to Dubai and elsewhere.
Given the immense values which rare gems have attracted at auction in recent times - like the vivid yellow diamond which sold for $6.6m at a rate of $203,000 per carat last year - this sale is certainly one to watch.
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Images: Western Star Auctions
