Owners of the world’s largest cut emerald – a 57,500-carat natural wonder – will auction off the gem later this month, and the bidding starts at $1 million.
Regan Reaney, of Gems Canada in Calgary, said he’s already received interest from buyers in Houston and the Middle East.
The gem – called Teodora, or gift of God, in Portuguese – was mined in Brazil and sold to an Indian buyer, but little is known of the stone’s origins.
The emerald will be sold at Western Star Auctions in Kelowna at the end of January. According to The Daily Courier in Kelowna, the auction house is hoping the gem will attract more than just bids.
Jeff Nechka, owner of Premier Gems in Calgary, tested the authenticity of the Teodora emerald and appraised it at $1.15 million, reported the Toronto Sun.
“At first I was very skeptical,” said Nechka. “Anything this large occurring in nature is extremely rare.” Nechka admitted, “$1.15 million is probably a very conservative figure.” “It’s super rare,” said Reaney. “It’s almost in the form of priceless because the size of it.” The rare gem weighs in at roughly 25 pounds.
"Obviously you can't make a piece of jewelry out of something this big," said Reaney. "Whoever buys it will probably put it on show in their home or a museum or try to resell it for more.”
The Teodora emerald will be displayed at Western Star Auctions in Kelowna until the Jan 28 auction.
