Harry Winston and the Swatch Group paid $26.7 million for a 101.73-carat “Perfect Diamond.
Swatch Group and Harry Winston marked their merger with the purchase of a unique 101.73-carat pear-shaped perfect clarity diamond for $26.7 million at a Christie’s auction on May 15.
The stone, which was presented at the auction perfect, set a record price for a colorless diamond of $254,400 per carat. It was subsequently renamed “The Winston Legacy” or “Winston’s Legacy.
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“The acquisition of Winston’s Legacy underscores the brand’s unwavering commitment to excellence and quality at the highest level. A stone of this size and rarity perfectly suits Mr. Winston’s status as a true ‘king of diamonds.'” – said Nayla Hayek, the new CEO of Harry Winston.
Rahul Kadakia, head of jewelry at Christie’s Switzerland and Americas said: “Harry Winston purchased the most perfect diamond ever offered for sale at auction, continuing the company’s tradition of buying and selling only the finest stones.”
In March 2013, Swatch announced the acquisition of Harry Winston Diamond Corp.