Rare 1,040-carat emerald to be auctioned Aug. 29

The length of the giant emerald is nearly four times the diameter of a U.S. quarter. The rare gem has been appraised for nearly a half-million dollars. Image courtesy of GovernmentAuction.com.

The length of the giant emerald is nearly four times the diameter of a U.S. quarter. The rare gem has been appraised for nearly a half-million dollars. Image courtesy of GovernmentAuction.com.

TEHACHAPI, Calif. – An emerald of extraordinary size will be offered for sale by GovernmentAuction.com on Sunday, Aug. 29. Widely known as the Polly Emerald, the gemstone is an amazing 1,040 carats and has recently been appraised for $454,000 by a GIA certified appraiser. LiveAuctioneers will provide Internet live bidding for this special auction, which will consist of the lone lot selling at 6 p.m. Pacific, 9 p.m. Eastern Time.

Having been on public display at various venues, the rare and celebrated emerald has been stored in a bank vault in recent years.

“We believe it to be one of the largest emeralds in the world,” said Christine Budge, marketing representative for GovernmentAuction.com. “Although we do not know the exact value of this unique stone, it is sure to make an excellent investment. That is why the consignor has chosen to let the world-wide public decide what the final auction price will be.”

There will be no reserve; the emerald will sell to the highest bidder.

For additional details call GovernmentAuction.com at 661-823-1543. The company’s Web site is www.governmentauction.com.

View the fully illustrated catalog and sign up to bid online at www.LiveAuctioneers.com.

View the fully illustrated catalog and register to bid via the Internet by logging on to www.LiveAuctioneers.com.