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Billionaire Wins Sotheby’s Enigma Gemstone Auction for $4.3M in Crypto

Billionaire Wins Sotheby’s Enigma Gemstone Auction for $4.3M in Crypto

The 555.55 carat diamond, dubbed the Enigma, has been sold to an undisclosed buyer, which may turn out to be the founder of PulseX Richard Heart.

Sotheby’s has been a world-renowned auction house for almost 300 years, and has recently started accepting digital assets as means of bidding on rare items. 

In mid January of 2022, the Sotheby’s Auction House listed a rare black diamond, dubbed the Enigma due to its mysterious origins. In fact, this particular gemstone is in the Guiness Book of World Records for being the largest cut diamond in the world.

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Likewise, some scientists believe that the black diamond may be of meteorite origin due to it having various titanium nitrides, including obsornite, which is closely linked to cosmic materials, and found exclusively in meteorites. With that being said, most carbonade diamonds like this are also found in the Central African Republic and Brazil. 

Meanwhile, the bidding for the Enigma was officially closed by Sotheby’s after it was sold for almost 3.2M in British pounds (about $4.3M).

While the auction house did not officially disclose who bought the diamond, owner of PulseX Richard Heart posted a Twitter video stating that he won the auction of the rare gemstone. In fact, he even wants to rename the Enigma to the HEX.com diamond after the transaction has been completed.

This will be the second gemstone that Sotheby’s sold in cryptocurrency. In July of 2021, the auction house sold a diamond to a buyer in Hong Kong for $12.3 million in crypto.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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