With a price tag of $55 million and an internally flawless yellow diamond weighing over 407-karat, the world's most valuable necklace is expected to test demand for ultra-high-end jewelry in Asia.
Created by Switzerland-based luxury jeweler Mouawad, the diamond necklace named L'incomparable, is currently being exhibited at a jewelry show in the wealthy Southeast Asian city-state of Singapore, the region's retail hub and home to a surging millionaire population. First displayed in Qatar earlier this year, Singapore is the second location that L'incomparable has been displayed.
"Asia continues to boom in comparison to other regions worldwide. There's a lot of money that's available, there's a lot of interest in acquiring investment stones," Jean Nasr, managing director of Mouawad told CNBC.
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Since going on display last Thursday, two individuals have expressed serious interest in purchasing the piece, a multi-billionaire business tycoon from China and another from Russia, said Nasr.
"They are very big, powerful people that can afford something like this. It's about an investment, statement, glory and being able to have a part of history, something that nobody else has," he said, declining to provide further details on the potential buyers who are currently in the discussion phase.
Such a purchase, however, is unlikely to be completed at a public exhibition hall in Singapore, he noted. "There will be follow up privately under certain security."