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

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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.

 

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Why This Fourth-Generation Jeweler Chose Wilkerson for a Very Special Sale

Parian & Sons of Franklin Lakes, NJ was founded in the early part of the 20th century. But even stores that have successfully made it through the Great Depression, a World War and the Woodstock Generation must come to an end. With no family wanting to continue the tradition, the time was right for Glenn Parian and his wife, Maria, to retire. And what better way to do so than by hiring Wilkerson to help with the store’s liquidation sale. As Glenn puts it, with his credit card machine humming to the tune of up to 200 transactions a day, he couldn’t have done it without Wilkerson. “This is what they do,” he says. “This is what they do for everybody.”

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