Auction house Bonhams sparkles as rare gemstone is expected to fetch around £200k

spinel

By DAILY MAIL CITY & FINANCE REPORTER

Source: thisismoney.com

Auction house Bonhams is hoping to tap into the resurgence of coloured stones with the sale of a rare £200,000 gemstone that has not been put up for auction in a century.

The 50.13 carats octagonal-cut stone the size of a small plum is called the Hope Spinel and was part of the collection owned by wealthy merchant banker Henry Philip Hope.

Expert Tobias Kormind, managing director at 77 Diamonds, said: ‘As the number of ultra-wealthy are on the rise, investors and collectors are looking further afield than the obvious white diamond to the rare spectrum of coloured diamonds and gemstones including lesser known ones like spinel.’

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