‘Incredibly Rare’ Blue Diamond Sells for $6.7M, Sets Price Record

An “incredibly rare” 3.47-carat fancy intense blue diamond ring has sold for $6.7 million, Sotheby’s announced.

The sale of this rare blue diamond took place at the Magnificent Jewels auction held in New York. It set “a new world auction record price-per-carat for any Fancy Intense Blue diamond ($1,920,259 per-carat),” according to a press release.

Sotheby’s three spring jewelry auctions concluded with a combined total of $34 million and 83.3 percent of all lots sold.

“Our results affirm that the auction market continues to flex its strength in top-quality diamonds, important gemstones and jewels with distinguished provenance,” said Gary Schuler, chairman of Sotheby’s Jewelry Division, Americas. “We are proud to continue the long line of exceptional blue diamonds at Sotheby’s, with the sale of the Fancy Intense Blue diamond, that soared to $6.7 million after competition from three bidders.”

The diamond had been expected to sell for between $2 million and $2.5 million.

ARTICLE BY: INSTORE STAFF

I am always happy to answer your questions. Feel free to email at info@VillarrealJewelers.com or contact us for an appointment.

Joseph R. Villarreal, Graduate Gemologist (G.I.A.)

Villarreal Fine Jewelers – “Custom Diamond Engagement Ring Specialists” Austin, TX