Harry Winston buys $26.7 million Diamond at an Auction in Geneva

Harry Winston by Swatch Group bought a new colourless, flawless 101.73-carat diamond for a record $26.7 million at an auction in Geneva. Christie's representative Raul Kadakia told reporters after the sale that Harry Winston was the buyer of the diamond that smashed the previous auction-price record for a diamond in its category by more than $10 million. As the first ever buyer of the new diamond, Harry Winston had the priviledge of naming it and decided to call it the "Winston Legacy," Kadakia said. He noted this was the diamond dealer's first major purchase since it was bought up by the world's leading watchmaker for $1 billion in March.