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It’s estimated to cost MYR1,955,214.35.

A diamond bought at £10 (approx. MYR55.78) at a junk sale in London is now expected to be worth £350,000. That is approximately MYR1,955,214.35.

The lucky buyer, who doesn’t want to be named, bought the 26-carat diamond ring in the 1980s thinking it was costume jewellery, explains auction house Sotheby’s.

Head of Sotheby’s London jewellery department,Jessica Wyndham said, “The owner would wear it out shopping, wear it day-to-day. It’s a good-looking ring.”

“No one had any idea it had any intrinsic value at all. The majority of us can’t even begin to dream of owning a diamond that large.”

The million dollar diamond is said to have been cut in the 19th century with a cushion-shaped characteristic weighing 26.27 carats.

The owner had initially brought it to the jewellers mentioned the diamond could have some sort of worth, only to find out it is one of a kind.

The ring will be auctioned on June 7 and is expected to fetch between £250,000 and £350,000. (MYR 1,395,039.58 to MYR1,955,214.35)

Source and image: Courtesy of AFP

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