KINIGUIDE | With the US Department of Justice's (DOJ) latest revelations on 1MDB, there has been a spike in interest in the luxury products allegedly purchased with money claimed to have been misappropriated from 1MDB.
Among the most prominent of the items, which the DOJ mentioned in their third and latest civil forfeiture suit involving 1MDB, were a plethora of valuable jewellery.
The prices of the jewellery ranged from US$1.05 million for an 11-carat diamond pair of earrings to a whopping US$27.3 million for a 22.17-carat pink diamond pendant and necklace.
What is it about these diamond jewellery that demand such extravagant prices and what dictates the different prices of different types of diamonds?
This Kiniguide aims to showcase how individual polished diamonds are valued, the details of some of the most expensive and famous diamonds in the world as well as how the diamonds mentioned in the DOJ documents stack up.