World Record Price for Any Gemstone!

May 22nd, 2009 by James L. Sweaney, CGA, FGA. GG

cullinan-2May 12–Sotheby’s achieved a hammer price of $10,498,000 swiss francs (~ 9.5 million US) for the fabulous 7.03 ct Fancy Vivid Blue Internally Flawless Cullinan Blue Diamond. Sotheby’s original presale estimate was 5.8 to 8.5 million US.

“This is already a new world record price for a fancy vivid blue diamond and a new world record per carat for any gemstone (at auction),” chief auctioneer David Bennett told reporters.”It is fantastic in this market and shows that these rare things are very much in demand,” he said.

The final price includes a commission paid by the buyer to the auction house. The stone sets a record price per carat for any gemstone sold at auction of $1,349,752, Sotheby’s said.

The jewelry sold at this auction was touted as “one of the most important jewellery collections to have been assembled in the 20th century”, and hammered in a total of over $39 million dollars. The Blue was the centerpiece that generated the most excitement. The new owner paid just under $1.4 million dollars per carat for this beautiful and rare diamond.

Tags: , ,

Other Posts

Comments are closed.

Member - American Gem Society Member - American Gem Trade Association Polygon - The Jewelers Information Highway Harmony Recycled Precious Metals Firemark Diamonds