Investing

Cryptocurrency Could Buy You a 101-Carat Diamond at Sotheby’s

Pear-shaped flawless gem could fetch $15 million at auction
Bitcoin, Ether will be accepted at Hong Kong sale on Friday

WATCH: Don’t let your significant other see this 101-carat gem that Sotheby’s is auctioning for cryptocurrency.(Source: Quicktake)

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By Thomas Shum

July 7, 2021 at 12:51 AM UTC

This article is for subscribers only.

International auction house Sotheby’s will accept payment in Bitcoin or Ether at the sale of a 101.38-carat diamond this Friday, marking another milestone in the adoption of cryptocurrencies.

The pear-shaped flawless diamond could fetch as much as $15 million in the single-lot sale in Hong Kong, the most expensive physical object ever publicly offered for purchase with cryptocurrency, according to Sotheby’s.