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Two blue fancy colour diamonds have stunned fine jewellery collectors at auction in New York, generating huge returns. | Source: Only Natural Diamonds/Christie's
Two blue fancy colour diamonds have stunned fine jewellery collectors at auction in New York, generating huge returns. | Source: Only Natural Diamonds/Christie's

Blue diamonds command huge returns at auction

Two blue fancy colour diamonds have stunned fine jewellery collectors at auction in New York, generating huge returns.

Christie’s hosted the Magnificent Jewels auction in New York on 9 June, and the main highlight was The Azure Blue, a 31.62-carat, internally flawless, fancy blue diamond with a pear shape and even colour.

It returned $USD8.4 million ($AUD11.9 million). In the lead-up to the auction, the Gemological Institute of America (GIA) praised the stone as one of the most important fancy-blue diamonds and the largest of its kind to appear on the market, and Claibourne Poindexter of Christie’s described The Azure Blue as a masterpiece.

The Azure Blue
The Azure Blue

“Fancy blue diamonds of this calibre are extraordinarily scarce, and diamonds that combine such depth of hue with a weight of 31.62 carats are virtually never seen on the market,” he said.

The second ring featured a 5.04-carat marquise modified brilliant-cut fancy vivid blue diamond, which sold for $USD8.1 million ($AUD11.5 million).

Other highlights included a 41.29-carat Ceylon sapphire ring and a 15.40-carat Kashmir sapphire ring, which achieved $USD2.3 million ($AUD3.2 million) and $USD1.2 million ($AUD1.7 million), respectively. A circa-1900 diamond and natural saltwater pearl brooch realised $USD1.4 million ($AUD2 million).

More reading
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Intense bidding war for sapphire and diamond ring
Ocean Dream: Record return for extraordinary rare diamond
Rare blue diamonds expected to dominate at auction
Cartier Crash sets staggering auction record

 

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