Thursday 27 July 2017

'Oppenheimer Blue' diamond sells for £35m in auction record

The Oppenheimer Blue has been sold at auction in Geneva
The Oppenheimer Blue has been sold at auction in Geneva

The "Oppenheimer Blue" has fetched 50.6 million Swiss francs (£35 million), setting a new record for a diamond sold at auction.

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 (£26-31 million).

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.

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 (£33 million) for the 12.03-carat polished "Blue Moon" diamond in Geneva last year.

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