Rare Blue Diamond Goes Under Hammer In Geneva For $17 Million
Faizan Hashmi Published November 17, 2016 | 08:50 AM
GENEVA, (APP - UrduPoint / Pakistan Point News - 17th Nov, 2016 ) : A rare blue diamond on Wednesday sold in Geneva for just over $17 million, as Sotheby's eyed total sales in excess of $100 million at the autumn jewel auctions.
The 8.01-carat "Sky Blue" diamond in a Cartier setting was snapped up for $17.1 million (15.9 million Euros), a hike of 33 percent on the $12.8 million it sold for in 2012, said the auction house's international jewellery division director David Bennett.
Rival auction house Christie's opened the season on Tuesday with 167 lots that sold for $97 million, beating its pre-auction estimate of $80 million. The "Sky Blue" sale came amid feverish demand for coloured stones.
Sotheby's had valued the ring at $15-25 million, well short of the astonishing $57.54 million Christie's fetched in May for the 14.62-carat "Oppenheimer Blue", which remains the world record. Tobias Kormind, head of 77 Diamonds, Europe's biggest online diamond jewellery retailer, said interest in coloured stones remained strong.
"Given the rarity of blue diamonds of this size and quality which have ever been unearthed, you'd expect every auction of this kind to be a dogfight," Kormind said before the auction at the five-star Hotel Beau Rivage on Lake Geneva.
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 28 April 2024
Today Gold Rate in Pakistan 28 April 2024
Fresh wave of rainfall in AJK continues for the second consecutive day
Babar, bowlers help Pakistan level series 2-2 against New Zealand
Attack in restive Chilean province leaves three police officers dead
PM, Saudi Royal court advisor discuss ways to boost economic ties
England clinch third successive Women's Six Nations Grand Slam
DC Bahawalnagar leads fight for fair bread prices
Sheffield Utd relegated from Premier League
02 proclaimed offenders arrested by Wah Police
Pakistan level T20I series with nine-run victory over New Zealand
Minister meets Chinese Consul General, discusses bilateral cooperation, Chinese ..
More Stories From World
-
Man City see off Forest to close on Premier League leaders Arsenal
21 minutes ago -
Italian PM Meloni says will stand in EU elections
51 minutes ago -
Masood Khan hails Pakistani-American physicians role in upgrading Pakistan's healthcare system; also ..
1 hour ago -
Celtic down Dundee to stay on course for Scottish Premiership crown
1 hour ago -
Ireland will act to send asylum seekers back to UK: PM
1 hour ago -
Kainz keeps Cologne's hope alive with late equaliser at Mainz
1 hour ago
-
Tennis: ATP/WTA Madrid Open results - 1st update
2 hours ago -
Inter continue Serie A title party as Bologna slip in Champions League bid
2 hours ago -
Masood Khan hails Pakistani-American physicians role in upgrading Pakistan's healthcare system; also ..
2 hours ago -
Tesla CEO Musk meets China's number two official in Beijing
2 hours ago -
Arsenal survive Spurs fightback to boost title charge
2 hours ago -
Bangladesh recall Saifuddin for Zimbabwe T20s
2 hours ago