Friday 13th November 2015

Flawless 12 carat Blue Moon Diamond Sells for World Record $48.4m in Geneva

Hong Kong buyer purchases gemstone, which has the top grading of fancy vivid blue and was found in South Africa’s famed Cullinan mine in 2014.

The rare and flawless Blue Moon Diamond sold for $48.4m on Wednesday, setting a world record for a gemstone at auction, Sotheby’s said.

The cushion-shaped diamond, mounted on a ring, has the top grading of fancy vivid blue and weighs 12.03 carats. It had a pre-sale estimate of $35m to $55m.

“It is a new record price for any gemstone and per carat,” David Bennett, worldwide chairman of Sotheby’s international jewellery division, told a packed showroom in Geneva that erupted into applause.

The buyer, from Hong Kong, promptly renamed it The Blue Moon of Josephine, Bennett told reporters, noting that it had also set a world record for any jewel at more than $4m a carat.

At rival Christie’s on Tuesday, a large diamond of a rare pink hue fetched $28.55m.

Christie’s said that the stone, named The Sweet Josephine by the Hong Kong-based Chinese client who bought it, set a world record for any pink diamond ever offered at auction.

The same buyer was believed to have bought both star lots at the semi-annual sales in the Swiss city.

“For me the Blue Moon was always the blue diamond of my career. I’ve never seen a more beautiful stone – its shape, colour and purity. It’s a magical stone,” Bennett said.

Read more at The Guardian 

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Tags: Blue Moon, Blue diamonds, Auction, Investment

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