3.47 Carat Blue Diamond Breaks World Record

3.47 Carat Blue Diamond Breaks World Record

3.47 Carat Blue Diamond Breaks World Record

$BID

A cut-cornered rectangular step-cut fancy intense blue diamond weighing 3.47 carats set a price-per-carat world record for a blue diamond after it sold for $1.9-M/carat to reach almost $6.7-M at Sotheby’s Magnificent Jewels Auction.

The gem’s final price nearly 3X’d Sotheby’s (NYSE:BID) pre-sale estimate of between $2 and 2.5-M and pushed up the auction final results to $26.2-M. The blue stone was previously owned by an anonymous Midwestern family.

In total, the fine jewelry broker garnered $34-M across its New York Spring auctions Sotheby’s said in an e-Mail.

According to Sotheby’s, buyers from all over the world flooded New York emptied their wallets by acquiring a 72.96-carat diamond bracelet for $1.4-M and a 13.70-carat Tiffany & Co. (NYSE:TIF) diamond ring for $1.2-M.

Symbol Last Trade Date Change Open High Low Volume
NYSE:BID 54.01 25 April 2018 0.10 53.81 54.23 53.68 166,300
HeffX-LTN Analysis for BID: Overall Short Intermediate Long
Neutral (0.19) Neutral (0.19) Bullish (0.36) 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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