Headlines

‘Incredibly Rare’ Blue Diamond Sells for $6.7M, Sets Price Record

Published

8 years ago

April 24, 2018

INSTORE Staff

It’s a 3.47-carat fancy intense blue diamond.

An “incredibly rare” 3.47-carat fancy intense blue diamond ring has sold for $6.7 million, Sotheby’s announced. INVISION BlueDiamond 300

The sale took place at the Magnificent Jewels auction held in New York. It set “a new world auction record price-per-carat for any Fancy Intense Blue diamond ($1,920,259 per-carat),” according to a press release.

Sotheby’s three spring jewelry auctions concluded with a combined total of $34 million and 83.3 percent of all lots sold.

“Our results affirm that the auction market continues to flex its strength in top-quality diamonds, important gemstones and jewels with distinguished provenance,” said Gary Schuler, chairman of Sotheby’s Jewelry Division, Americas. “We are proud to continue the long line of exceptional blue diamonds at Sotheby’s, with the sale of the Fancy Intense Blue diamond, that soared to $6.7 million after competition from three bidders.”

The diamond had been expected to sell for between $2 million and $2.5 million.

click to Comment(Comment)

Up Next

Distributor Fined $1.6M for Selling Jewelry with High Lead, Cadmium Levels

Don't Miss

Survey Reveals US Engagement-Ring Cost Expectations — and They’re Pretty Low

How Howes Diamond Jewelers Closed a Location — and Opened the Door to What's Next

Dan Howes grew up in his family's jewelry business, eventually taking the helm of two locations his father launched in 1964. When it came time to consolidate, he turned to Wilkerson. "It was a pretty easy decision," Howes says, citing the company's strong reputation and a friend's successful experience. Wilkerson's proven sales roadmap delivered — meeting projected financial goals and guiding the process every step of the way. "This is their profession. They have it dialed in."