World's largest emerald worth $1.15MILLION up for auction

The world's largest cut emerald is set to go up for auction - and is expected to fetch $1.15million.

The 57,500-carat stone, which is the size of a watermelon, is scheduled to go under the hammer tomorrow by Western Star Auctions in British Columbia.

The gem, named Teodora, was found in Brazil and cut in India, before being sold to rare gems dealer Reagan Reaney in Calgary - but there are doubts over whether it is in fact a true emerald.

'I’m positive it contains emerald but I’m not sure how much of it is emerald,' Jeff Nechka, the gemologist who appraised the stone, told JCK Magazine.

Nechka said that he cannot even confirm that the stone is in fact the 'world’s largest emerald'.

The stone has been dyed so Nechka says it is possible that at least part of it could be dyed white beryl - the mineral that makes up an emerald.

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