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Flawless blue diamond sells for $24 million
This photo taken on April 29, 2014, shows a Christie's auction house employee holding "The Blue", the largest flawless vivid blue diamond in the world, during a photocall at the auction house in London. It was sold for $23.895 million in Geneva on May 14, 2014. AFP PHOTO/Leon Neal
GENEVA - A spectacular blue diamond, the largest in its category, fetched a total of $23.79 million (€17.35 million) at a Christie's auction in Geneva on Wednesday.
The sale of the pear-shaped, 13.22-carat rock known simply as "The Blue" came a day after Sotheby's sold a 100-carat flawless yellow diamond for $16.3 million—with both sales including commission.
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 colored 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.
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 colored diamonds.
The company plans to rename the 13.22-carat rock the "Winston Blue."
Harry Winston was bought by watch group Swatch last year. — Agence France-Presse
The sale of the pear-shaped, 13.22-carat rock known simply as "The Blue" came a day after Sotheby's sold a 100-carat flawless yellow diamond for $16.3 million—with both sales including commission.
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 colored 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.
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 colored diamonds.
The company plans to rename the 13.22-carat rock the "Winston Blue."
Harry Winston was bought by watch group Swatch last year. — Agence France-Presse
