The De Beers Millenium Blue Fetches $1.25 Million Per Carat

Sotheby’s auction is in news again. This one was held in Hong Kong this week and had a sky blue diamond fetch a sky high price. This precious ice is 5.16 carat and went under the hammer at the Hong Kong Magnificent Jewels and Jadeite Spring Sale. Apprently, the Sotheby’s experts had estimated its cost between $4.6 million and $5.8 million but that was far from the actual price. London’s Moussaieff Jewelrs gave the winning bid which was a huge $6.4 million.

A very rare diamond, its vivid blue has been found to be internally flawless. In fact, it was also the first blue diamond from the De Beers Millenium Jewels Collection to participate in an auction. So, costing $1.25 million per carat, the De Beers Millenium Blue (yes, that’s the fashionable name it’s got) has surpassed the price per carat of the much famous Wittelsbach Diamond. It came quite close to the $1.35 million per carat for a 7.03 carat blue diamond and the 5 carat fancy intense pink diamond that was sold in Hong Kong last year at the price of $2.1 million per carat.

The man who personally selected the diamonds for the collection, Andrew Coxon, said that he would have loved to buy the diamond back for Dee Beers but he was very happy for the new owners for they indeed got the diamond of all diamonds.

Via sothebys

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