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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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Time to Do What You've Always Wanted? Time to Call Wilkerson.

It was time. Teri Allen and her brother, Nick Pavlich, Jr., had been at the helm of Dearborn Jewelers of Plymouth in Plymouth, Mich., for decades. Their father, Nick Pavlich, Sr., had founded the store in 1950, but after so many wonderful years helping families around Michigan celebrate their most important moments, it was time to get some “moments” of their own. Teri says Wilkerson was the logical choice to run their retirement sale. “They’re the only company that specializes in closing jewelry stores,” she says. During the sale, Teri says a highlight was seeing so many generations of customers who wanted to buy “that one last piece of jewelry from us.” Would she recommend Wilkerson? Absolutely. “There is no way that I would have been able to do this by myself.”

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