Rare Blue Diamond Sets Auction Record

Winston Blue

The world’s largest flawless vivid blue diamond headlined Christie’s Magnificent Jewels auction in Geneva on Wednesday and results did not disappoint fans of rare jewels.

The blue stone, weighing in at 13.22 carats, sold for $26.4 million (CAD) at a record-breaking $2 million per carat!   The sale was made to famed jeweller company Harry Winston who has renamed the diamond “The Winston Blue”.

Among the other colour diamonds standouts from the auction was “The Ocean Dream”, a 5.50-carat vivid blue-green triangular-cut diamond that sold for over $9.5 million.

the_ocean_dream_d5792347h

Pink Diamonds continued their upward trend as a fancy light pink brilliant-cut diamond ring sold for $3.6 million, a record for that colour.   What made the sale even more interesting was that the sale price was more than double what industry experts had estimated prior to the auction.

a_coloured_diamond_ring

Another colour diamond piece that blew away original estimates was a three-stone diamond ring by Bulgari.   The focus of the ring includes  a 2.03 carat blue diamond, a 1.51 carat purplish-pink diamond and a 1.47 carat yellow diamond.   The ring was assumed to sell for between $978,000 and $1.2 million.   It actually sold for $3.2 million.

a_three-stone_coloured_diamond_ring_by_bulgari_d5792348h

Overall the auction raked in $167.7 million, a record for a jewelry auction of any kind.   The previous record had been set just the day before by Sotheby’s Magnificent Jewels And Noble Jewels auction.

 

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