Next month, Sotheby’s will auction an all diamond ring during the Art Basel and Design Miami fairs.
Cut from a large diamond, the idea was to create a piece that doesn’t require a metal band or settings that you’d expect in a classic ring. Once sold, estimate is set between $150,000-$250,000, it will be cut to fit the wearers finger.
Masterminded by Apple’s chief design officer Jony Ive and industrial designer Marc Newson, the one piece ring has 2,000-3,000 facets which reportedly has never been seen in a single item.
The one-of-a-kind piece was crafted using a micrometer-thick water jet and a laser beam by Diamond Foundry, a San Francisco-based firm creating man-made diamonds by a manufacturing process. They “grow” diamonds using the chemical vapor deposition (CVD) method resulting in a stone essentially identical to natural diamond but without the environmentally damaging processes that occur through diamond mining.
The auction will take place on December 5 with the proceeds donated to charity called RED that was set up by U2 singer Bono and activist Bobby Shriver.