Pursuits
Swatch’s Harry Winston Buys Gem for $26.7 Million in Geneva
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Harry Winston, the watch and jewelry brand that Swatch Group AG acquired this year, yesterday paid a record $26.7 million for a colorless diamond in Geneva.
The pear-shaped 101.73-carat stone, the largest flawless, colorless diamond to appear at auction, beat a minimum estimate of more than 19 million Swiss francs at hammer prices in the Christie’s International Geneva event last night. Its formal dollar price paid by the watch company, made available by the auction house shortly after the sale, included a final buyer’s premium and is the highest price paid for a colorless diamond.