April 08, 2010
Hong Kong--A 5.16-carat fancy vivid blue diamond, once part of De Beers' Millennium Jewels Collection, sold for $6.4 million at Sotheby's Hong Kong on Wednesday, as diamonds continued to show strength in the auction market.
According to a news release from the auction house, Moussaieff of London emerged as the winning bidder for the pear-shaped diamond, which sold for well over its estimated sale price of $4.1 million to $5.1 million following "intense" bidding.
The sought-after stone was once one of the 11 blue diamonds in the Millennium Jewels Collection, a group of rare diamonds selected by Andrew Coxon, president of the De Beers Institute of Diamonds, to mark the turn of the millennium.
Wednesday's sale of the 5.16-carat millennium blue marks the first time one of these stones has been put up for sale since the diamonds were placed with private collectors in 2000.
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