May 18, 2016
Largest Vivid Blue Diamond Breaks Record at Christie’s Geneva
The largest vivid blue diamond was auctioned at Christie’s Geneva on May 28th 2016 and created a world record when it became the most expensive blue diamond ever sold at auction. The diamond sold in 25 minutes and went for a whopping $57,541,779.
The diamond holds significant value not only because blue diamonds are known to be incredibly rare and valuable with only 10 percent of all blues being larger than one carat, but because this diamond belonged to Sir Philip Oppenheimer, the chairman of De Beers Diamond Trading Company from 1975 until his death in 1995.
The rectangular-cut, 14.62-carat, fancy vivid blue, VVS1 diamond went for well above Christie’s upper estimate of $46.1 million, fetching $3.9 million per carat.
The previous record for a jewel sale at auction was $48.5 million for the Blue Moon at a Sotheby’s sale in the Swiss city in November.
Click here to read more about The Oppenheimer Blue Diamond at Guildhall Diamonds Inc. or on the Sotheby’s website here.