Sotheby’s To Auction 15.10 Carat Vivid Blue Diamond For $48M

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Picture: Sotheby’s

This spring, Sotheby’s Hong Kong is auctioning a 15.10-carat lavish blue diamond. The De Beers Cullinan Blue is estimated to have the best greenback quantity ever placed on a blue diamond minimize at public sale, with a whopping US$48 million. It should even be the most important vivid blue diamond ever to be provided.

In 2021, a 39-carat tough diamond was found on the Cullinan mine in South Africa. After which, worldwide company De Beers and diamond producer Diacore purchased the uncommon gem for US$40.2 million. For the previous 12 months, the 2 firms have been working collectively to good the step-cut diamond. The De Beers Cullinan Blue is described as the biggest internally flawless vivid blue diamond ever graded by the Gemological Institute of America (GIA).

In line with ARTnews, chairman of Sotheby’s Asia Patti Wong mentioned, “nothing of remotely comparable calibre has appeared at public sale in recent times”. Throughout a Sotheby’s sale in Geneva in 2015, the multinational dealer set the document at US$48 million for the costliest diamond ever offered at public sale with the Blue Moon of Josephine. Then, the 14.62-carat regular-cut Oppenheimer Blue overtook the document with a value of US$57.5 million in Might 2016.

As per Wenhao Yu, chairman of jewelry and watches for Sotheby’s Asia, the blue diamond is on par with a few of the most interesting works by Monet, Picasso, Botticelli and Warhol. Given its rarity and desirability, Sotheby’s is anticipating world bidders, particularly consumers from Better China. The market accounted for greater than 70 per cent of Sotheby’s Hong Kong gross sales in 2021.

“In 2021, Hong Kong gross sales have been all led by diamond items, significantly colored diamonds which proceed to see robust demand,” Yu mentioned.

De Beers Cullinan BluePicture: Sotheby’s

The magnificent diamond was unveiled on 17 February in New York and will probably be touring exhibition areas in London, Dubai, Singapore, Shanghai, Beijing, Shenzhen and Taipei. It will likely be auctioned off in April, through the Sotheby’s Hong Kong Luxurious Week.

In different diamond public sale information, the 555.5-carat black diamond, particularly “The Enigma”, was offered on 10 February 2022 for US$4.29 million by way of cryptocurrency.

For extra reads on auctions, click on here.



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