Imagine a huge diamond being pawned by European kings to set off royal debts. Well the sparkling new stone will go under Sotheby’s hammer at Geneva on May 15. The gem named the “Beau Sancy” has been a part of the fluctuating European royal family’s fortunes for well over 400 years. The 35-carat modified “pear double rose cut” diamond original was owned by to Georg Friedrich, Prince of Prussia. It is estimated to earn between $2 million to $4 million. The stone has its origins at the mines in India near Golconda which was acquired by Nicolas de Harlay, Lord of Sancy, in Constantinople in the 1500s from where it gets its name. In 1604 the stone was purchased by French King Henry IV for 75,000 livres for his wife, Marie de Medici.
Update – The Beau Sancy has sold for $9.6 million, which amounts to twice its reserve.