It's a big gem. But that's not the only reason jewelry people are losing their minds.
, where it was found to be the largest internally flawless step-cut vivid blue diamond its lab had ever graded.
“Given the continued and escalating interest in colored diamonds driven by increasingly limited supplies, the consignors felt that this spring would be the best time to introduce this stone to the market, with the auction format offering the best opportunity for the diamond to be seen by the widest possible pool of potential buyers,” Yu says.fancy vivid blue diamonds
, Sotheby’s has the edge. While Christie’s holds the current record for the sale of a vivid blue thanks to the $57.5 million it achieved for the Oppenheimer Blue, Sotheby’s has realized four of the past five highest prices for these rarefied treasures. The house embarked on its lucky blue streak in 2007, when Sotheby’s Hong Kong sold a 6.04-carat, internally flawless emerald-cut fancy vivid blue diamond for a record price of $1,321,495 per carat, establishing a new $1 million-per-carat market minimum for all sizable fancy vivid blues.
Since then, prices have only traveled in a single direction . Recent milestones include a Sotheby’s New York sale in 2014, when the Mellon Blue Diamond, renamed the Zoé Diamond, sold for $32.6 million , and the 2015 sale of the Blue Moon of Josephine, which set the price-per-carat auction record for any diamond or gemstone.Sotheby’s choice of Hong Kong as the platform for selling the Cullinan Blue was anything but arbitrary.
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