Friday, May 15, 2009

7.03ct Blue Diamond Sells for More Than $1M per Carat

Sotheby’s sale of a 7.03-carat, fancy vivid blue, flawless cushion-shaped diamond fetched almost $9.5 million, or $1,349,752 per carat in Geneva. The winning bidder wished to remain anonymous. Sotheby's noted that this blue diamond beat out the previous most expensive fancy vivid blue diamond sold at auction, and that the sale was a world record for the sale of any diamond at auction in terms of value per carat. Sotheby's total sale of magnificent jewels in Geneva was $35,762,327 and was 76.9 percent sold by lot.

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