FTIL :: RARE ‘BLUE DIAMOND’ SELLS FOR 10.5MIL
VIA BBC UK
A rare blue diamond has sold for a record 10.5 million Swiss francs ($9.5m; £6.2m) at auction in Geneva. It weighs 7.03 carats, is smaller than a penny piece, and is one of only a handful of blue diamonds in existence.
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The anonymous phone bidder has yet to name the gem, mounted on a platinum ring, auctioneers Sotheby’s said. The diamond was found in Cullinan mine in South Africa last year, and its clarity was graded as flawless – the highest designation.
Auctioneer David Bennett said: “It is a new world record price for a blue diamond.”
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It had a pre-sale catalogue estimate of 6.8 million to 10 million francs, excluding commission.
‘Beyond beautiful’
The hammer price excluding commission was 9.3 million francs.
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