For the first time, a diamond worth $ 10-15 million can be bought for cryptocurrency

NEW YORK – A pear-shaped diamond of color category D weighing 101.38 carats, the estimated value of which varies from $10 to $15 million, can be purchased for cryptocurrency: this is the most expensive physical object put up for auction, which can be purchased with its help. This was announced on Tuesday by the press service of the auction house Sotheby’s.

The auction will be held on July 9 in Hong Kong in the traditional offline format. The purchase can be paid for with both regular (fiat) money and cryptocurrencies-Bitcoin or Ethereum-through the Coinbase Commerce platform. From July 3 to 8, the diamond, dubbed The Key 10138, will be on display at Sotheby’s Gallery in Hong Kong. “Diamonds are the key to understanding the history of the Earth, telling us about the human destiny and the supernatural power of beauty. Giving the diamond the name “The Key 10138″, we want to emphasize the ability of this stone to illuminate our path and at the same time hint at the important role of digital keys in the world of NFT (non – interchangeable tokens-virtual digital units in the blockchain network) and cryptocurrency,” said Wenhao Yu, Deputy chairman of Sotheby’s jewelry division in Asia.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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