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World's Largest Cut Diamond Purchased With Crypto
Summary: The world’s largest cut diamond was just bought using cryptocurrency for a staggering $4.3 million. The billion-year-old black diamond, also known as “The Enigma,” weighs 555.55 carats, according to Sotheby’s. Richard Heart, the founder of Hex, tweeted on Wednesday that he bought the 555.55 carat diamond for HEXican cultural heritage. ”I won the world’s largest ...
The world’s largest cut diamond was just bought using cryptocurrency for a staggering $4.3 million. The billion-year-old black diamond, also known as “The Enigma,” weighs 555.55 carats, according to Sotheby’s.
Richard Heart, the founder of Hex, tweeted on Wednesday that he bought the 555.55 carat diamond for HEXican cultural heritage.
”I won the world’s largest cut diamond for our #HEXican cultural heritage! It’ll be called the HEX.com diamond. It weighs 555.55 carats and has 55 facets. Congratulations to all you #HEXicans with #5555 club HEX.com tattoos. Let’s all win together!” he tweeted.
He also mentioned that he would be renaming the diamond to the “HEX.com diamond.”
”As soon as the payment is gone through and the possession is being taken. After that, (We’ll) be the owners of the world’s largest uncut diamond,” he said in a video on Twitter.
It’s only fitting that a 555.55 carat diamond with 55 facets would go to the founder of Hex, the world’s first high-interest blockchain certificate of deposit. After all, you can stake Hex up to 5555 days.
Hex took the idea of certificates of deposit, common investment tools managed by banks, and changed them into a decentralized cryptocurrency free from bank fees and featuring a higher average return rate.
The purchase of the diamond has definitely created more hype and publicity around Hex, and it makes sense.
Sotheby’s, one of the world's largest brokers of fine and decorative art, jewelry, and collectibles, called the diamond “one of the rarest, billion-year-old wonders known to humankind.”
The newly coined “HEX.com diamond,” is a carbonado diamond, believed to have been formed some 2.6-3.8 billion years ago in a mysterious event, according to a National Geographic report. In fact, geologists aren’t even sure if carbonado diamonds were formed on Earth or if they fell from outer space.
“It is thought that this specific type of black diamond was created either from meteoric impacts producing natural chemical vapor deposition or an extraterrestrial origin — from supernovae explosions that formed diamond-bearing asteroids which ultimately collided with the Earth,” Sotheby’s explained.
These rare dark diamonds are only found in Brazil and the Central African republic: once connected billions of years ago. Sotheby’s notes, this adds to the extraterrestrial origin theory. The once connected landmass, known as Rodinia, was believed to have been struck by meteorites billions of years ago. Perhaps this was when carbonado diamonds were deposited on Earth.
The impure, high density, micro porous diamonds makes them virtually impossible to cut and polish. According to Sotheby’s, it took nearly three years to shape the legendary 55-faceted diamond.
Author: Tyler Irvin
