A 7.03 carat Blue diamond sells off for a little less than $10 million

At an earlier date we mentioned about this stunning 7.03-carat blue diamond jewel being put up for auction by Petra Diamonds at Sotheby’s expected to fetch around $8.5 million. Well, guess what? It has been sold for 10.5 million Swiss francs ($ 9,500,000), the highest price paid per carat for any gemstone at auction according to Sotheby’s. It went to an anonymous buyer bidding by telephone after hectic bidding between two callers for 15 minutes. It was the centerpiece of its semi-annual sale in Geneva. The final price includes a commission paid by the buyer to the auction house. The new owner will have the right to name the stone, which is mounted in a platinum ring.

Last year, it was extracted from the historic Cullinan mine in South Africa, the world’s most regular supplier of blue diamonds of size and quality. Blue is the rarest of the diamond family after reds. The sale fetched a total of 39.5 million Swiss francs for 266 lots, which found new owners, while another 80 pieces were stranded on the block. And all this during the ‘global financial crisis.’ Bravo to humanity and the anonymous buyers of precious stones at prices that exceed certain countries’ economies.

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