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Sunday, May 16, 2010

Sotheby's blue diamonds set another color record

source : nationaljewelernetwork.com
May 12, 2010

Sotheby's blue diamonds set another color record

This 7.64-carat, cushion-shaped fancy intense blue diamond ring sold for $8.03 million, or $1.05 million per carat, Tuesday at Sotheby's in Geneva.

Geneva--Two blue diamonds broke records Tuesday in Geneva at Sotheby's "Spring Sales of Magnificent and Noble Jewels" in yet another display of the strength of natural colored diamonds at auctions worldwide.

In what Sotheby's terms the "standout moment of the day," a 7.64-carat, cushion-shaped fancy intense blue diamond mounted in a ring sold for $8.03 million, or $1.05 million per carat, following fierce competition from three buyers. According to a news release from Sotheby's, the sale sets a new record per-carat price for a fancy intense blue diamond sold at auction. ...

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