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Sotheby's, a British-founded American multinational auction house, sold 101.38-carat pear-shaped D Flawless diamond for $12.3 million in a cryptocurrency. This was the second largest pear-shaped diamond ever to appear on the public market, Sotheby's noted.

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Wenhao Yu, Deputy Chairman of Sotheby’s in Asia, says the house is thrilled to witness a "historical moment," when one of the earth’s oldest treasures was purchased with cryptocurrency. However, it remains unclear whether the diamond was purchased with bitcoin (EXANTE: Bitcoin) or ether (ETH).

"By introducing this innovative payment option to our luxury sale, we open up new possibilities and expand our reach into a whole new clientele, many of whom are from the digitally savvy generation," Yu added.

Sotheby's Integrates Cryptocurrency Payments with Coinbase Commerce

The diamond was sold in Hong Kong to an anonymous private collector in a landmark single-lot auction. As iHodl earlier reported, Sotheby's planned to sell the diamond for $15 million. Dubbed The Key 10138, the diamond is one of ten precious metals of more than 100 carats ever to come to auction.

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