Blue Diamond Sets Record Price, Again

(April 22, 2012 IDEX Online Staff Reporter)

(IDEX Online News) –A 3.54-carat fancy blue SI1 diamond

set in a platinum ring by Tiffany was the lead

ing

item at Sotheby’s Magnificent Jewels sale, selling

for $2,434,500. The result is nearly five times the top

estimate the auction house provided for the lot, $0.5

million.

According to Sotheby’s, the result is a record price for

a fancy blue diamond.

The diamond with the highest estimate at Sotheby’s

Magnificent Jewels auction in New York was a 23.02

carats fancy vivid yellow cushion-shaped step-cut dia

mond.

The diamond had a $1.5-$2 million estimate and sold for $1,874,500.

Another leading item was a fancy pink cut-cornered rectangular modified brilliant

cut

diamond weighing 6.03 carats set in a platinum ring, framed by small round

near colorless diamonds. It sold for $1.08 million, at the top end of Sotheby’s $0.9-

1.1 million estimate.