HONOLULU (HawaiiNewsNow) - A rare 34.28-carat diamond ring with ties to the Hawaiian Monarchy is about to hit the auction block.
The fancy light-yellow old-mine-cut diamond is the centerpiece of the platinum ring, and will be sold to the highest bidder on Feb. 17.
Clars Auction Gallery in Oakland, Calif. is hosting thew auction. The ring comes from the historic Spenger Collection.
It’s rich history dates back to King Kalakaua. It’s believed the King gave it to Queen Kapiolani to wear wear to Queen Victoria’s Jubilee celebration in England in 1887.
Then, in late 1890, King Kalakaua reportedly took a loan on the ring during a trip to San Francisco. The ring remained at Crocker Bank until it was sold to a gem dealer in Texas.
It’s expected to bring in about $600,000 at auction.