Premier jewelry with expensive diamond: Blue Diamond was sold for a record price

One of the rarest blues diamond that Sotheby’s have auctioned ever was sold at premier jewelry auction in Geneva on May 12. It weighs 7.03 ct and is smaller than a penny piece. This expensive blue diamond was found in Cullinan mine in South Africa last year, and its clarity was graded as flawless - the highest designation. Pre-sale estimate price was $US 5.8-8.5 million. But in fact it was sold for a record 10.5 million Swiss francs ($9.5m; £6.2m). Auctioneer David Bennett said: “It is a new world record price for a blue diamond.”

The anonymous phone bidder has yet to name the gem, mounted on a platinum ring, auctioneers Sotheby’s said. The blues are the rarest of the diamond family after the reds. There are thought to be only a handful in existence in the world. The blue gemstone owes its distinctive color to the presence of the chemical element boron during the stone’s formation.
Tags: premier jewelry with expensive diamond, luxury goods, most expensive

Via:  cnews