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Articles from DIAMONDS BY COLOUR - PINK (22 Articles), DIAMONDS BY COLOUR - OTHER BLUE/GREEN (17 Articles), DIAMONDS BY CUT - EMERALD (2 Articles)

The Oppenheimer Blue has set a new world auction record
The Oppenheimer Blue has set a new world auction record
 









Oppenheimer Blue diamond smashes auction record

A fancy vivid blue diamond appears to have lived up to expectations, having set a new record price for any diamond, gemstone or piece of jewellery sold at auction.

The 14.62-carat rectangular-cut diamond, known as the Oppenheimer Blue, fetched a record-breaking US$57.5 million (AU$79.5 m) at the Christie’s Magnificent Jewels sale in Geneva, Switzerland on 18 May.

Said to be the largest of its kind to go under the hammer, the item exceeded the highest pre-sale estimate of US$45 million (AU$62.2 m).

The previous record was set in November 2015 by a diamond of the same hue, the Blue Moon of Josephine, which sold for US$48.5 million (AU$67.1 million) at a Sotheby’s auction, also in Geneva.

According to Christie’s, the sale of the Oppenheimer Blue created a 25-minute bidding war between collectors from three continents.

A “private collector” whose identity has not been released eventually purchased the diamond.

The Unique Pink
The Unique Pink

It is believed the stone was named in honour of the previous owner, the late Sir Philip Oppenheimer, a member of the South African family that held a significant stake in De Beers Group until 2011.

One day before the Oppenheimer Blue sale, a diamond referred to as the Unique Pink continued a trend for coloured stones performing well at auction. The 15.3-carat diamond sold for US$31.6 million (AU$43.7 m) at a Sotheby’s sale – the highest price paid for a fancy vivid pink diamond at auction.

The previous record was held by Sweet Josephine, a 16.08-carat diamond that fetched US$28.5 million (AU$39.4 m). The Graff Pink is believed to maintain the record for the highest pink diamond sold at auction when it sold for US$46.2 million (AU$64.3 m) at a Sotheby’s sale in November 2010. 

More reading
Record-breaking blue diamonds headline auctions
World’s largest blue diamond to be auctioned
Record jewellery auctions prelude to ‘year of colour’


















Sunday, 21 October, 2018 04:58am
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