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101-carat diamond auctioned on Sotheby’s for $12.3M in Crypto

A 101-carat pear-shaped diamond became the most expensive jewellery purchased with cryptocurrency (according to Market Watch) after it sold for $12.3 million on the world’s largest art and luxury marketplace Sotheby’s.

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The diamond which is named Key 10138 as a way to “symbolize the unlocking of a new era in commerce and technology,” was sold to an anonymous buyer in Sotheby’s Hong Kong office.

Sotheby’s said last month that it would accept bitcoin, Ether or the traditional payment method for the Key 10138.

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Deputy Chairman of Sotheby’s Jewellery in Asia said in a press release: “The most ancient and emblematic denominator of value can now, for the first time, be purchased using humanity’s newest universal currency,”

But the auction house first accepted cryptocurrency back in May when it sold Banksy’s ‘Love is in the Air’ image for $12.9 million.

NEXT: Australia awards AU$5.6M as grant in Blockchain Pilot Project

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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