Takashimaya Co. said Monday it will sell a 66-carat diamond for 1.895 billion yen — the most expensive jewelry it has ever handled — at its Nihonbashi department store in Chuo Ward, Tokyo.

The diamond, measuring about 3 cm wide and long, will be displayed at the store’s special fair from Wednesday through Sunday featuring various diamonds from around the world.

Other jewelry on display will include a 115.5 million yen vest made of 18-carat gold and dozens of diamonds. A rare red diamond from Australia will also be exhibited. It carries a 36.75 million yen price tag.

Australia’s Argyle mine produces about 40 percent of the world’s red diamonds.

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