Rare Blue Diamond Sold

April 24, 2016By

Posted: April 24, 2016

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A rare blue diamond has gone up for sale and smashed auction records in Asia.

The 10.10 carat rock, named the De Beers Millennium Jewel 4, is the largest oval-shaped, fancy vivid blue diamond to ever appear at auction world.

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The ‘De Beers Millennium Jewel 4’ went on auction as part of a 270 lot ‘Magnificent Jewels and Jadeite’, sale by auction house Sotheby’s on April 5 in Hong Kong.

Billed by Sotheby’s as “yet another wonderful collecting opportunity for connoisseurs worldwide”, it was sold for $31.8 million – which makes it the most expensive gemstone to be sold at an auction in Asia.

Blue diamonds are considered to be one of the rarest of gems, making up just a small percentage of all diamonds harvested worldwide.

But while this blue beauty has broken all records for sales of the gem in Asia, its value still falls short of the world’s most expensive diamond.

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That title went to the 12.03 carat “Blue Moon” diamond, sold in Geneva, Switzerland, to a Hong Kong billionaire for his seven-year-old daughter in November 2015 for $48.4million.

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The auction included some of the world’s rarest colored diamonds.

Repost from CNN: http://edition.cnn.com/

 

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About the Author ()

I am a Graduate Gemologist trained at GIA in New York. I hold an MBA from Cranfield University, United Kingdom and a Bachelor degree in Mathematics. My earlier profession was a banker until I found jade in Myanmar in the early 90s. I have traveled to the fabled Hpakan Jade mines and Mogok in upper Burma with my second son. Three of my children were also Graduate Gemologist, GIA and they are deal in diamonds.

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