April 2026, Newsflash

26-Carat Diamond Tops $1M

at Auction

The historic stone, which sold at Elmwood’s in London,

is the largest white diamond to be offered on the U.K. market

in more than a decade.

Lauren McLemore – National Jeweler Magazine

The diamond (above image), which Elmwood’s said combines “rarity, technical perfection,

and the enduring allure of one of nature’s most remarkable creations,” had a pre-sale estimate

of around $1 million.

London – March, 2026. A rare white diamond weighing more than 26 carats garnered more than $1 million in a historic sale in London.

The 26.27-carat diamond—which features VVS1 clarity, I color, no fluorescence, and a triple X grade from GIA—is the largest to come to the U.K. market in more than a decade.

It sold for £1 million ($1.3 million), in line with its pre-sale estimate of £800,000-£1 million ($1 million-$1.3 million), in Elmwood’s Fine Jewelry auction on

March 17.

Elmwood’s said there was competitive bidding both on the telephones and the internet for the stone, which was set as a solitaire in a simple platinum ring.

Ultimately, it sold to a private British individual, as a gift for his wife, to much applause.

Joe Kendrick, head of sale at Elmwood’s auctioneers, said the auction house is delighted with the outcome for the “truly exceptional” diamond.

“This is an extraordinarily rare stone. Its combination of impressive size, VVS1 clarity, and triple excellent cut is seldom encountered on the U.K. market,”

he said.

“Diamonds of this caliber appear perhaps once in a decade, and this remarkable solitaire is a spectacular example of why the finest white diamonds continue to captivate collectors worldwide.”

The stone represented “the pinnacle of technical craftsmanship,”

Elmwood’s said.

The last comparable sale in the U.K. was a 26.29-carat diamond ring Sotheby’s London offered in 2017, which sold for £656,760 (more than $800,000).

New York City, N.Y. 


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Style & Trends

Natalie Portman Is Tiffany & Co.’s New Ambassador

The Academy Award-winning actress stars in Tiffany & Co.’s latest commercial, which debuted Sunday night during the Oscars.

In addition to starring in Tiffany & Co.’s new campaign film, Natalie Portman is featured in the brand’s print campaign wearing the jeweler’s “Sixteen Stone by Tiffany” (left) and “HardWear by Tiffany” collections.

Natalie Francisco  - National Jeweler Magazine

New York—Tiffany & Co. has named Academy Award-winning actress, producer, and director Natalie Portman as its newest brand ambassador. The brand said Portman is known for her intellect, grace, and emotional strength, and brings a unique perspective to Tiffany & Co. “It is an honor to be Tiffany & Co.’s newest global house ambassador. The house has an incredibly rich heritage and is beloved for its unparalleled craftsmanship and creative excellence,” Portman said.

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