About Careers Internship MedBlog Contact us
Medindia LOGIN REGISTER
Advertisement

Selling Flawless Blue Diamond for $24 Million at Geneva Auction

by Himabindu Venkatakrishnan on May 15, 2014 at 12:52 PM
 Selling Flawless Blue Diamond for $24 Million at Geneva Auction

The largest in its category, a spectacular blue diamond was auctioned at a total of $23.79 million (17.35 million euros) at a Christie's auction in Geneva.

The sale of the 13.22 carat rock known simply as "The Blue" came on Wednesday, a day after Sotheby's sold a 100-carat flawless yellow diamond for $16.3 million -- with both sales including commission.

Advertisement

When the world's largest orange diamond went under the hammer last November at Christie's in Geneva, it raked in $35.5 million.

Such marquee sales underline the growing popularity of coloured diamonds. Once considered a curiosity, they are rarer than white diamonds and now attract higher prices per carat than even the most flawless, translucent stone.
Advertisement

The US jeweler Harry Winston bought the blue diamond, described by Christie's as the largest fancy vivid blue diamond in the world, from an anonymous seller.

"Fancy vivid" is the top rating for coloured diamonds.

The company plans to rename the 13.22-carat pear-shaped rock the "Winston Blue".

Harry Winston was bought by watch group Swatch last year.

Source: AFP
Font : A-A+

Advertisement

Advertisement
Advertisement

Recommended Readings

Latest Lifestyle and Wellness News

What Really Happens to Your Skin After Cleansing?
The 'tight' sensation on your face after washing is explained by skin contraction in the outer layer.
Skin Hotspots in Ears & Toes - Safe Haven for Harmful Germs
The skin between the toes and behind the ears can harbor many harmful germs that can cause a variety of skin illnesses.
Work Breaks - Need of the Hour to Counteract Prolonged Sitting
Prolonged sitting among office goers, pose risk of cardiovascular diseases, diabetes, hypertension, and certain types of cancers.
Fear of Garlic Bad Breath? Try Deodorizing Effect of Yogurt
Yogurt's protein and fat content demonstrated its unidentified deodorizing properties against garlic's pungent odor.
Smoking Tobacco and Cannabis Tied to Depression Risk
People who smoke tobacco and cannabis have an increased risk of depression and anxiety than those who use either substance alone or not at all.
View All
This site uses cookies to deliver our services.By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use  Ok, Got it. Close
MediBotMediBot
Greetings! How can I assist you?MediBot
×

Selling Flawless Blue Diamond for $24 Million at Geneva Auction Personalised Printable Document (PDF)

Please complete this form and we'll send you a personalised information that is requested

You may use this for your own reference or forward it to your friends.

Please use the information prudently. If you are not a medical doctor please remember to consult your healthcare provider as this information is not a substitute for professional advice.

Name *

Email Address *

Country *

Areas of Interests