Gigantic diamond sells for $12M in cryptocurrency at Sotheby’s auction

A flawless 101.38-carat diamond was sold at auction for more than $12.2 million in cryptocurrency Friday, making it the most expensive piece of jewelry ever peddled through crypto, according to Sotheby’s.

The massive diamond, called “The Key 10138,” was sold in Hong Kong to an unidentified private collector, said the 277-year-old auction house in a statement. The gem is one of just 10 diamonds of more than 100 carats ever to come to auction.