A rare blue diamond breaks auction records in Hong Kong

A rare blue diamond set a new record at Sotheby’s in Hong Kong Tuesday after fetching HK$248.29 million ($31.8 million), despite a slowdown in China’s economy which has affected the auction market, reports AFP from Hong Kong.
The “De Beers Millennium Jewel 4”, a 10.10 carat vivid blue diamond, broke the record for the most expensive piece of jewellery sold at auction in Asia, but at the lower end of estimates which predicted it would fetch between $30 and $35 million.
Slightly larger than an almond, it is described by Sotheby’s as the largest oval blue diamond ever to appear at auction and “internally flawless”. It was sold to an anonymous phone bidder.

 

A rare blue diamond breaks auction records in Hong Kong

A rare blue diamond set a new record at Sothebys in Hong Kong Tuesday after fetching HK$248.29 million ($31.8 million), despite a slowdown in Chinas economy which has affected the auction market, reports AFP from Hong Kong. The De Beers Millennium Jewel 4, a 10.10 carat vivid blue diamond, broke the record for the most expensive piece of jewellery sold at auction in Asia, but at the lower end of estimates which predicted it would fetch between $30 and $35 million. Slightly larger than an almond, it is described by Sothebys as the largest oval blue diamond ever to appear at auction and internally flawless. It was sold to an anonymous phone bidder.