Groupon Selling $1 Million Topaz

This is a long way from 50 percent off at the dry cleaners.

Groupon is selling a 9,377 ct. topaz for $1 million, the most expensive item the site has ever listed, a spokesman said.

The modified octagonal, brilliant cut has been reported for sale since being listed. However, a PR rep says that with such a large purchase, the site reaches out to the purchaser, which sometimes leads to cancelled sales.

“Yesterday we had someone make an attempt to buy it but then the purchaser decided not to,” says spokesman Tim DeClaire. “So, the topaz deal went back up on the site.”

At press time, the gem was listed for sale after being stamped “sold” for most of the morning. (UPDATE: It now says “sold” again.)

The site bills the orangey-brown stone, which comes with a GIA report, a “luxurious investment and would be a one-of-a-kind addition to a collection or a matchless gift.”

The GIA report calls its color origin “undeterminable,” since this shade of topaz is commonly irradiated to improve its color.

The stone was part of Groupon’s Ultimate Holiday Gifts collection. Other big-ticket baubles listed on the site include a 14k gold necklace with 16.25 ct. t.w. diamonds, selling for $24,999, and a 24.99 ct. t.w. tanzanite and diamond ring, which can be scooped up for $17,999. Both items were still for sale at press time.

The unusual offering was first spotted by a reporter at AZcentral.com. 


JCK News Director