Sotheby's called the gem's existence and sale a 'landmark event.'
On Wednesday, a blue diamond at a Hong Kong auction house achieved one of the highest prices for any diamond on the open market. The"De Beers Blue" diamond sold for $57.5 million, Sothebys auction house confirmed.
But the gem didn't go without a fight. A bidding war between four participants lasted for eight minutes before the diamond was finally sold. The auction winner who successfully purchased the diamond was an unnamed client represented by Wenhao Yu, chairman of Jewellery and Watches at Sotheby's Asia. Model Stephany Martins holds up the"The De Beers Cullinan Blue" blue diamond during a press preview at Sotheby's in New York, on February 15, 2022. - At an impressive 15.10 carats, it is the largest fancy vivid blue to ever appear at auction.
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