John and Laura Ramsey write: Blue Diamonds Continue to Break Records

Group of blue topaz  with clipping path

The uber-rich of the world have declared large fancy colored diamonds to be the darling of their attention. Just a few weeks ago the gavel descended at Sotheby’s marking yet another sale of an important blue diamond. This time the gem came from the estate of Mrs. Paul Mellon (a.k.a. “Bunny” Mellon) . At 9.75 carats the stone was not the largest fancy blue gem to be sold lately. On the other hand the color of the gem rated the term “vivid” and is quite a bright blue. The auction took place in New York. Reports of the action were that the auction of this one piece took over 20 minutes and included at least 7 bidders. The successful bid came from Hong Kong. The Asian origin of the successful bid is no surprise as a number of successful auction winners have come increasingly from that part of the world.
The final price of the blue diamond was in excess of $32 million USD or over $3.3 million per-carat. This sale blasted away old records for the sale price of a blue diamond as well as the per-carat record for the price of any diamond regardless of color (or lack thereof).

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