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The auction excitement continued at Christie’s in New York this week, with a fancy colour blue diamond ring returning a remarkable price. | Source: Christie's
The auction excitement continued at Christie’s in New York this week, with a fancy colour blue diamond ring returning a remarkable price. | Source: Christie's

Blue diamonds continue to impress at auction

The auction excitement continued at Christie’s in New York this week, with a fancy colour blue diamond ring returning a remarkable price.

The cushion-modified brilliant-cut 3.49-carat fancy vivid blue diamond was sold for $US5.5 million ($AU8.3 million) as the highest returning item at the 6 December auction.

The internally flawless diamond achieved the upper end of its presale estimate. Approximately 90 per cent of the items were sold at the Magnificent Jewels sale, returning $US38.1 million ($AU57.69 million).

The cushion-modified brilliant-cut 3.49-carat fancy vivid blue diamond was sold for $US5.5 million ($AU8.3 million) as the highest returning item at the 6 December auction.

A Cartier ring featuring an emerald-cut 23-carat Kashmir sapphire with tapered baguette diamond brackets impressed onlookers and returned $US3 million ($AU4.45 million), comfortably exceeding its $US1.2 million estimate.

Also of interest was the sale of a pair of sapphire and diamond earrings from Tiffany & Co., which sold for more than $US453,000 ($AU685,800) – nearly eight times the pre-sale estimate.

In November, the largest internally flawless vivid blue diamond to appear at auction - the Royal Bleu - was sold for $US43.8 million ($AU68.39 million) at Christie’s in Geneva.

In October, the 11.28-carat Infinite Blue diamond was sold at Sotheby’s in Hong Kong for $US25.3 million ($AU39.78 million).

Earlier this week, a 15.48-carat diamond, the Pink Supreme, returned $US10.8 million ($AU16.18 million) at Christie’s in Hong Kong.

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