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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A lawyer with a zeal for writing, Ekta has a deep love for linguistics, travel, and philosophy. Not an adrenalin junkie but likes going on occasional hikes to beat the weekday blues. Her bucket list includes escapades to Vietnam, Cambodia, and Morocco.