Nicolas de Harlay, seigneur de Sancy later sold the diamond to James I (successor of Queen Elizabeth) about 1605 when it is thought the Sancy acquired its name. It was described in the Tower of London's 1605 Inventory of Jewels as "...one fayre dyamonde, cut in fawcetts, bought of Sauncy." Nicolas de Harlay, seigneur de Sancy Nicolas de Harlay, seigneur de Sancy (1546–1629) was a French soldier and diplomat. Although de Harlay belonged to the Protestant branch of the family of Harlay, he adopted the Catholic religion in 1572 during the massacres of the Huguenots. In 1589 he obtained in Geneva and Berne sums sufficient to
Multiunit auction Multiunit auction A multiunit auction is an auction in which several items are sold. The units can be sold each at the same price (a uniform price auction) or at different prices (a discriminatory price auction). A uniform price auction otherwise known as a "clearing price auction" is a multiunit auction in which a fixed number of identical units of a homogenous commodity are sold for the same price. Each bidder in the auction may submit (possibly multiple) bids, designating both the quantity of units desired and the price he/she is willing to pay per unit. Typically these bids are