Luxury: Sotheby’s To Auction 15.10 Carat Vivid Blue Diamond

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This recently unearthed large rare blue diamond gemstone is going on sale at Sotheby’s Hong Kong“– Paul Ebeling

The magnificent diamond was unveiled on 17 February in New York and will be touring exhibition spaces in London, Dubai, Singapore, Shanghai, Beijing, Shenzhen and Taipei. It will be auctioned off in April, during the Sotheby’s Hong Kong Luxury Week.

In Y 2021, Hong Kong sales were all led by diamond pieces, particularly colored diamonds which continue to see strong demand.

The Chairman of jewelry and watches for Sotheby’s Asia declared that this blue diamond is on par with some of the finest works by Monet, Picasso, Botticelli and Warhol. Given its rarity and desirability, Sotheby’s is expecting global bidders, especially buyers from Greater China. The market accounted for more than 70% of Sotheby’s Hong Kong sales in Y 2021.

There is nothing of remotely similar calibre that came to auction in recent years.

At a Sotheby’s sale in Geneva in Y 2015, the multinational broker set the record at $48-M for the most expensive diamond ever sold at auction with the Blue Moon of Josephine. Then, the 14.62-carat regular-cut Oppenheimer Blue overtook the record with a price of $57.5-M in May 2016.

In Y 2021, a 39-carat rough diamond was discovered at the Cullinan mine in South Africa. After which, international corporation De Beers and diamond manufacturer Diacore bought the rare gem for $40.2-M. For the past yr, the 2 companies have been working together to perfect the step-cut diamond. The De Beers Cullinan Blue is described as the largest internally flawless vivid blue diamond ever graded by the Gemological Institute of America.

This coming vivid blue diamond will be the biggest ever offered.

Have a happy, prosperous week, Keep the Faith!