Tuesday, 5 April 2016

De Beers Millennium Jewel 4 brings $ 31.8m

The 10.10 carat vivid blue diamond "De Beers Millennium Jewel 4" set the record for the most expensive piece of jewellery sold at auction in Asia at the April 5 sale in Hong Kong. It made $ 31.8m, at the lower end of it's $30 million to $35 million estimate. It was described by the auction house as the largest oval blue diamond ever to appear at auction and "internally flawless".
The diamond came from South Africa's Cullinan Mine and was one of 12 displayed at London's Millennium Dome to mark the year 2000. "There are no more than a dozen or so blue diamonds of fancy vivid colour and over 10 carats in the world, so they are very, very rare," Quek Chin Yeow told AFP.

The sale comes five months after the 12.03-carat "Blue Moon of Josephine" was bought for a record $48 million in Geneva.