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It is the ultimate diamond in the rough.And if you have to ask how much it costs, you can’t afford it. A rareand flawless blue diamond has set a record as the most expensiveprecious jewel of its kind ever sold. The gem, which is 6.04 carats andsparkles with an unusual blue hue, is almost as breathtaking as theprice it fetched at a Sotheby’s auction in Hong Kong. It went for an astounding US$7.98 million, or about $US1.32 million per carat.
That easily surpassed the cost of theprevious record holder known as “The Hancock Red”, which fetched a“paltry” US$926,000 per carat in 1987.
Blue diamonds are rare but not unheardof and the ones in spectacular condition almost always fetch a hugeprice. Despite this sale, the most famous remains the Hope Diamond,a 45.52 carat monster that has been owned by everyone from King LouisXIV of France to a rich socialite named Evalyn Walsh McLean. It’s thelargest gemstone of its kind ever found and now resides in the Smithsonian Institute in Washington, D.C.
The new record holder for price isn’tquite as large, so how it could manage to reap those sparkling bucks?Experts say it’s all in the quality of the cut and the “fancy vividblue hue”, a result of trace amounts of an element called boron in its crystal structure. That makes it worth about 10 times what a regular white diamond would bring.
So who owns this incredible piece ofjewelry? A company called Moussaieff Jewellers in London, whichspecializes in acquiring such rare specimens, ponyed up the money aftera private Asian collector decided he needed a little - or in this casea lot more - cash.
Which just goes to show you don’t always need yellow to turn a shade of blue into something green.
Photo credit: Mike Clarke/AFP/Getty Images
Via: City news
N.J. Diamonds would like to welcome all of you that have found our web blog let us know what you think of the most expensive diamond, leave your comments below we always love to hear what you have to say. Don’t forget to bookmark us or add this to your favorite social bookmarking.
It is the ultimate diamond in the rough.And if you have to ask how much it costs, you can’t afford it. A rareand flawless blue diamond has set a record as the most expensiveprecious jewel of its kind ever sold. The gem, which is 6.04 carats andsparkles with an unusual blue hue, is almost as breathtaking as theprice it fetched at a Sotheby’s auction in Hong Kong. It went for an astounding US$7.98 million, or about $US1.32 million per carat.
That easily surpassed the cost of theprevious record holder known as “The Hancock Red”, which fetched a“paltry” US$926,000 per carat in 1987.
Blue diamonds are rare but not unheardof and the ones in spectacular condition almost always fetch a hugeprice. Despite this sale, the most famous remains the Hope Diamond,a 45.52 carat monster that has been owned by everyone from King LouisXIV of France to a rich socialite named Evalyn Walsh McLean. It’s thelargest gemstone of its kind ever found and now resides in the Smithsonian Institute in Washington, D.C.
The new record holder for price isn’tquite as large, so how it could manage to reap those sparkling bucks?Experts say it’s all in the quality of the cut and the “fancy vividblue hue”, a result of trace amounts of an element called boron in its crystal structure. That makes it worth about 10 times what a regular white diamond would bring.
So who owns this incredible piece ofjewelry? A company called Moussaieff Jewellers in London, whichspecializes in acquiring such rare specimens, ponyed up the money aftera private Asian collector decided he needed a little - or in this casea lot more - cash.
Which just goes to show you don’t always need yellow to turn a shade of blue into something green.
Photo credit: Mike Clarke/AFP/Getty Images
Via: City news
N.J. Diamonds would like to welcome all of you that have found our web blog let us know what you think of the most expensive diamond, leave your comments below we always love to hear what you have to say. Don’t forget to bookmark us or add this to your favorite social bookmarking.
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