US EditionRare blue diamond fetches $21.5 mn at auction in Geneva
- The Mediterranean Blue, a 10.3-carat fancy vivid blue diamond, sold at a Sotheby's auction in Geneva late Tuesday for $21.5 million.
- This rare diamond was recently mined from South Africa's Cullinan mines and first announced in March, generating significant industry excitement.
- The auction started with an opening bid equivalent to approximately $10.8 million in Swiss francs and featured a heated exchange before the diamond was purchased by an anonymous American private collector.
- Quig Bruning, Sotheby's head of jewels for North America, Europe, and the Middle East, described the gemstone as the standout piece of the season and emphasized that blue diamonds rank as some of the rarest in the market.
- The diamond exceeded its $20 million estimate, showing meaningful interest despite broader uncertainties like ongoing US-China trade tensions possibly muting bidding enthusiasm.
39 Articles
39 Articles
Blue diamond purchased at steep USD 21.5 million
An exceptionally-rare blue diamond went under the hammer in Geneva late Tuesday, selling for $21.5 million, Sotheby's auction house said. 'The Mediterranean Blue', a fancy vivid blue diamond weighing 10.3 carats with an estimated value of $20 million, attracted an intense bidding battle. Bidding began at nine million Swiss francs ($10.8 million), with a fierce back and forth before the diamond was ultimately sold to a private US collector, whose…
A very rare blue diamond rose by $21.5 million in Geneva
A large blue diamond of 10,03 carats was raised by 21.5 million dollars (19.1 million euros) in Geneva, the auction house Sotheby’s announced. The Mediterranean Blue (as it is known), whose value was estimated at 20 million dollars, “awakened a huge interest” in the sale, Sotheby’s said in a statement. However, for Tobias Kormind, director of 77 Diamonds, the largest online jewelry store in Europe, the sale was “less impressive” than expected. “…
Rare blue diamond from Cullinan mine in SA fetches R392m at auction in Geneva
An exceptionally-rare blue diamond went under the hammer in Geneva, selling for $21.5 million (R392 million), Sotheby’s auction house said. “The Mediterranean Blue”, a fancy vivid blue diamond weighing 10.3 carats with an estimated value of $20 million, attracted an intense bidding battle. Bidding began at nine million Swiss francs ($10.8 million), with a fierce back and forth before the diamond was ultimately sold to a private US collector, who…
Rare blue diamond fetches $21.5M
(UPDATE) AN exceptionally-rare blue diamond went under the hammer in Geneva late Tuesday, selling for $21.5 million, Sotheby's auction house said. "The Mediterranean Blue," a fancy vivid blue diamond weighing 10.3 carats with an estimated value of $20 million, attracted an intense bidding battle. Bidding began at nine million Swiss francs ($10.8 million), with a fierce back and forth before the diamond was ultimately sold to a private US collect…
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