It's a big gem. But that's not the only reason jewelry people are losing their minds.
, where it was found to be the largest internally flawless step-cut vivid blue diamond its lab had ever graded.
“Given the continued and escalating interest in colored diamonds driven by increasingly limited supplies, the consignors felt that this spring would be the best time to introduce this stone to the market, with the auction format offering the best opportunity for the diamond to be seen by the widest possible pool of potential buyers,” Yu says.fancy vivid blue diamonds
, Sotheby’s has the edge. While Christie’s holds the current record for the sale of a vivid blue thanks to the $57.5 million it achieved for the Oppenheimer Blue, Sotheby’s has realized four of the past five highest prices for these rarefied treasures. The house embarked on its lucky blue streak in 2007, when Sotheby’s Hong Kong sold a 6.04-carat, internally flawless emerald-cut fancy vivid blue diamond for a record price of $1,321,495 per carat, establishing a new $1 million-per-carat market minimum for all sizable fancy vivid blues.
Since then, prices have only traveled in a single direction . Recent milestones include a Sotheby’s New York sale in 2014, when the Mellon Blue Diamond, renamed the Zoé Diamond, sold for $32.6 million , and the 2015 sale of the Blue Moon of Josephine, which set the price-per-carat auction record for any diamond or gemstone.Sotheby’s choice of Hong Kong as the platform for selling the Cullinan Blue was anything but arbitrary.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Doghouse hit by meteorite expected to fetch over $200,000 at auctionChristie’s auction house confirmed to Fox News that it is hosting an auction that includes a dog house from Costa Rica that was struck by a meteorite on April 23, 2019.
Read more »
What COVID Breakthrough Infections Might Look Like In The FutureIf you're vaccinated, here's what you may be able to expect with new COVID-19 waves and what experts still don't know.
Read more »
COVID: Is it finally time to take your mask off? Here’s how to decideNow it’s up to us, not health officials, to decide when masks are needed. Here’s what you need to know.
Read more »
Is a Joint Bank Account Ever a Good Idea?Learn from two financial experts everything you need to know before making the final decision.
Read more »
Kobe Bryant’s Shirt He Wore Before Record 81-Point Game Up For AuctionIt’s the first time an item worn by Bryant during the 2006 game has appeared at auction.
Read more »
The best Super Bowl 2022 commercials: The ads that scored a touchdownNBC expected 100 million Americans to watch the event, meaning they were able to charge close to $7 million for a 30-second ad slot.
Read more »