RARE BLUE DIAMOND FETCHES $17 MILLION AT SOTHEBY’S AUCTION
A mesmerizing, rare blue diamond CARTIER RING, was the true centre piece of Sotheby’s Geneva’s November auction, Magnificent Jewels and Noble Jewels.
The Cartier ‘Sky Blue Diamond’ ring—weighing 8.01 carats—sold for over $17 million (around $2.1 million per single carat) against a $15-25 million initial estimate.
Presented in an extremely elegant square emerald cut, the diamond has been graded ‘Fancy Vivid Blue’ by the Gemological Institute of America—the highest possible colour grading only awarded to around one percent of blue diamonds.
The precious stone was also given Type IIb status, which represents less than 0.5 percent of all diamonds.
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