Friday 30 September 2016

Could you say no to this? 'Oppenheimer Blue' diamond sells for €45.5m in auction record

Published 18/05/2016 | 22:32

Christie's employee holds the Oppenheimer Blue diamond of 14.62 carats, which is estimated to be sold between 39 to 46 million US dollars, during a preview at the auction house Christie's, in Geneva, Switzerland. The auction will take place on Wednesday May 18, 2016 in Geneva. (Martial Trezzini/Keystone via AP,file)
Christie's employee holds the Oppenheimer Blue diamond of 14.62 carats, which is estimated to be sold between 39 to 46 million US dollars, during a preview at the auction house Christie's, in Geneva, Switzerland. The auction will take place on Wednesday May 18, 2016 in Geneva. (Martial Trezzini/Keystone via AP,file)

The "Oppenheimer Blue" has fetched 50.6 million Swiss francs (€45.5m), setting a new record for a diamond sold at auction.

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The 14.62-carat stone, billed as the largest Vivid Blue diamond ever put up for auction, obliterated the Christie's pre-sale estimate range of between 38 million and 45 million Swiss francs.

The rectangular-cut diamond has been set in a ring and flanked by two smaller trapeze-shaped diamonds.

The diamond got its name from the late Sir Philip Oppenheimer, who long oversaw De Beers mining and had given the stone to his wife.

A Christie's employee poses with the 14.62 carats Oppenheimer Blue diamond during a preview in Geneva, Switzerland May 12, 2016. REUTERS/Denis Balibouse/File Photo
A Christie's employee poses with the 14.62 carats Oppenheimer Blue diamond during a preview in Geneva, Switzerland May 12, 2016. REUTERS/Denis Balibouse/File Photo

Wednesday's sale ended a two-day run of big-ticket jewellery auctions in Geneva.

The previous record sale for any diamond was 47.8 million Swiss francs for the 12.03-carat polished "Blue Moon" diamond in Geneva last year.

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