International auctioneer Sotheby’s will accept Bitcoin as payment for the sale of a 101.38-carat diamond, marking another step forward in cryptocurrency adoption.

It would be the first time in history where a diamond of this size has been made available to the public for purchase using cryptocurrency. No other high-value tangible thing has ever been offered for purchase using cryptocurrency.

It will be auctioned on July 9 in Hong Kong, with a pre-sale estimate of $10 million to $15 million. Payment will be accepted in Bitcoin, as well as conventional currency.

The Key 10138, a 101.38-carat pear-shaped flawless diamond, is one of only ten diamonds larger than 100 carats to ever be sold at auction, with just two of them being pear-shaped. The colorless diamond’s name, Key 10138, is meant to symbolize the vital function that keys play in the cryptocurrency realm.

Source : https://news.todayq.com/news/internationally-renowned-sothebys-to-auction-101-carat-diamond-in-bitcoin-and-ether/