Sotheby’s Auctioning the square-cut “Sky Blue” Diamond in Geneva

Sotheby’s Auctioning the square-cut “Sky Blue” Diamond in Geneva

Sotheby’s Auctioning the square-cut “Sky Blue” Diamond in Geneva

$BID

Sotheby’s (NYSE:BID) is auctioning the square-cut “Sky Blue” Diamond set in a ring by Cartier that is expected to fetch up to $25-M, plus 2 centuries-old diamond jewels dating back to Russia’s imperial court.

The auction house says the 8.01-carat stone with a top-rank Fancy Vivid Blue grade from the Gemology Institute of America is the centerpiece of its latest Geneva jewelry auction Wednesday.

Also on the block is a diamond necklace said to have been commissioned by 18th-Century monarch Catherine the Great and a diamond jewelry set believed to have been in a gift from Peter the Great’s wife to Ottoman Sultan Ahmed III as part of peace negotiations. Each piece is expected to fetch $3-5-M.

Symbol Last Trade Date Change Open High Low Volume
NYSE:BID 37.24 16 November 2016 -1.60 38.84 38.88 37.19 434,887
HeffX-LTN Analysis for BID: Overall Short Intermediate Long
Neutral (0.04) Neutral (-0.05) Neutral (0.19) Neutral (-0.03)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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