A rare blue diamond ring fetches $6.7 million at Sotheby’s


Sotheby’s recently garnered millions after hosting three back-to-back sales in the previous week. While the auction house is said to have cashed in $34 million from its 83.3 percent sold out, there’s one sale that has particularly stood out world over. We are talking about a rare blue diamond ring that was freshly dodged under the hammer by Sotheby’s, only to bring in a whopping $6.7 million in return!

The 3.47-carat fancy intense blue diamond was sold way over its estimated price of $2.5 million and is said to be one of the highest gainers of the jewelry sale. With its cut-cornered rectangular step-cut gem set, the exotic blue diamond also made a new world record for being the most expensive of its kind to be sold. ( The previous record was set a day earlier at Christie’s New York Magnificent Jewels sale by a similar rock). Other remarkable sales at Sotheby’s included a 72.96-carat diamond bracelet, which sold for $1.4 million, and a 13.70-carat Tiffany & Co. diamond ring, which yielded $1.2 million.

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While most of the sparklers were received by collectors with glee, items such as a 7.01-carat fancy intense pink diamond ring and a 7.37-carat emerald-cut fancy intense orangey-pink diamond ring failed to make a sale at either of the auctions. However, the fancy blue diamond ring with its take away price of $6.7 million is sure to have made up for the loss, in any!

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[Via:Forbes]