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Sotheby’s Gets Ancient Space Diamond

A billion-year-old space diamond fetched a whopping $4.3 million in digital currency at an auction.

Sotheby’s Gets Ancient Space Diamond iBase Trading.
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A billion-year-old space diamond fetched a whopping $4.3 million in digital currency at an auction.

Sotheby’s is the world’s largest broker of fine and jewelry, decorative art, and collectibles. It revealed that an undisclosed buyer paying in digital currency bought the Enigma, an exceedingly rare black 555.55-carat diamond.


Digital Enigma

As per the Guinness World Record Book, the Enigma is the world’s most significant diamond cut.

Indeed, the Enigma is an “exceedingly rare carbonado,” which is a form of a diamond from near the surface of the Earth. According to the London-based auction house, this type of diamond has otherworldly origins.

Taking a closer look, the raw diamond weighed well over 800 carats in its original shape. According to Sotheby’s, it took three years to bring it to its present state, which includes 55 facets, or flat surfaces, weighing precisely 555.55 carats and having an exceptional quality of shine. Moreover, the Enigma’s design is in the shape of a Hamsa, a Middle Eastern palm pattern that represents protection, prosperity, might, and strength.

The Origins

According to Sotheby’s, the belief is that this particular kind of black diamond emerged as a result of one of two processes.

First, there is a possibility that this diamond’s formation is through meteoric impacts. Additionally, these meteoric impacts could have resulted in natural chemical vapor deposition- when vapor changes to solid, skipping the liquid stage.

Second, the possibility of this diamond’s formation was through extraterrestrial means. In this case, the extraterrestrial origins were supernovae explosions that formed diamond-bearing asteroids that eventually collided with the Earth.

Unidentified Enigma Buyer

Richard Heart, a crypto entrepreneur, posted a video on Twitter purporting to purchase the rare space diamond. Because of the purchase, he stated that he would change the item’s name to the HEX.com diamond. It is a tribute to a cryptocurrency network in which he participates. This will happen once he received the payment.

Sotheby’s Company

The almost 300-year-old auction company has ventured into the cryptocurrency arena. Thus, in an attempt to broaden its customer base, it started accepting digital currencies as payment last year and has been auctioning crypto-collectibles known as non-fungible tokens (NFTs).

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Nicholas Martinez is passionate about making the crypto world more accessible by bringing the latest news to the space. He has a MBA in Business Analytics and has shown an interest in cryptocurrency from as far back as he can remember.