Home Photos Diamonds are forever: Multi-million dollar rare rocks break records in Geneva

Diamonds are forever: Multi-million dollar rare rocks break records in Geneva

Image from sothebys.com

An exceptionally rare deep blue diamond has sold at Sotheby’s auction for US$10.86 million, three times the reserve. The price has set a world record for a blue diamond per carat.

Blue-chip luxury jeweler Laurence Graff has purchased the fancy deep blue briolette diamond weighing 10.48 carats, described as “an extraordinary stone, a very, very mystical deep blue.”

Passions ran high in the auction room, as a number of collectors were keen to get hold of the blue diamond, which had been estimated to fetch 3.2 million to 4.2 million francs.

Earlier this week rival Christie’s auction house set another record when it sold a 76-carat Archduke Joseph Diamond for nearly $21.5 million in Geneva, a world record auction price per carat for a colorless diamond.

The rock reportedly came from the ancient Golconda mines in India. Named after Archduke Joseph August of Austria, the great-grandson of a Holy Roman emperor and a French king, the diamond passed to his son, Archduke Joseph Francis, who put it in a bank vault, then to an anonymous buyer who kept it in a safe during WWII. In 1993, Christie’s sold it for $6.5 million.

“It’s a great price for a stone of this quality,” Alfredo J. Molina, chairman of California-based jeweler Black, Starr & Frost, told AP about the latest sale results.

“It’s one of a kind, so it’s like saying ‘Are you pleased when you sell the Mona Lisa?’ Or ‘Are you pleased when you sell the Hope Diamond?’ It’s all what the market will bear, and the stone sold for a very serious price,” he added.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Must Read

DARK IRISH COMEDY STAGED AT THE HOLLYWOOD FRINGE FESTIVAL

If you thought the American Civil War (1861- 1865)  would still be an emotional hot button issue between Northerners and Southerners 154 years after it...

DESERT ROSE PLAYHOUSE LAUNCHES THE ENTERTAINING CAMP COMEDY MUSICAL “RUTHLESS”

Desert Rose Playhouse of Rancho Mirage premieres a glitzy, glamorous, hilarious musical comedy production of the campy homage to Hollywood’s tortured, driven, divas of...

GEFFEN PLAYHOUSE LAUNCHES WORLD PREMIERE THRILLER “MYSTERIOUS CIRCUMSTANCES”

Sherlock Holmes, the world’s greatest fictitious private consulting detective sprang from the fertile brain of English writer Arthur Conan Doyle in 1887. Two years...

Advisory Council Considers Bringing Back Long-Banned Fishing Gear

SAN DIEGO – Conservation and sportfishing groups will pack a meeting Thursday of the Pacific Fishery Management Council in San Diego to try to...

18TH CENTURY FEMINIST COMEDY “LADIES” ON STAGE AT BOSTON COURT THEATRE OF PASADENA

Sometime it’s difficult to assign a genre to a play.  Is it a drama or is it a comedy or is it a little...
%d bloggers like this: