Document-breaking blue diamond may fetch $48 million at public sale

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Written by Sana Noor Haq, CNN

One of the crucial helpful blue diamonds to ever characteristic at an public sale may promote for greater than $48 million, in response to Sotheby’s.
Named “The De Beers Cullinan Blue,” it’s the largest vivid blue diamond to be put up for public sale, in response to a press launch from Sotheby’s Wednesday.
The 15.10-carat gem can also be “the most important internally flawless step reduce vivid blue diamond” to be appraised by the Gemological Institute of America (GIA), the press assertion stated.

Describing the diamond as “exceptionally uncommon,” Sotheby’s added that solely 5 gems over 10 carats have ever appeared at public sale. None have ever been over 15 carats, “making the looks of this flawless gem a landmark occasion in itself.”

The uncommon diamond was discovered within the Cullinan mine, South Africa, in 2021, and has attained the very best rankings, in response to the requirements that coloured diamonds are judged by.

It was categorized as “fancy vivid blue” by the GIA — the very best doable shade grading, which has been awarded to not more than 1% of blue diamonds submitted to the group.

The jewel has excellent polish, and is of Kind IIb, which implies it accommodates boron and due to this fact has a bluish grey shade, in response to the GIA website. Lower than 0.5% of diamonds are a part of such a class, the press assertion stated.
The gem is the biggest vivid blue diamond to come to auction, according to Sotheby's.

The gem is the largest vivid blue diamond to return to public sale, in response to Sotheby’s. Credit score: Sotheby’s/De Beers/Diacore

“Blue diamonds of any type are uncommon available on the market, however that is the rarest of the uncommon; nothing of remotely comparable calibre has appeared at public sale in recent times,” Patti Wong, chairman of Sotheby’s Asia, stated within the press assertion.

“Tons of of thousands and thousands of years within the making, this extraordinary blue diamond is unquestionably one among nature’s most interesting creations. Now dropped at dazzling life by the hand of one of many world’s most skillful cutters, it’s the final masterpiece — as uncommon and fascinating because the very biggest artworks.

“At a time of unprecedented demand for the best, world-class, colored diamonds, we’re extremely excited to carry to the market what is bound to turn into probably the most celebrated gems on the earth.”

Blue diamonds are coveted as a consequence of their rarity and placing coloring, the press assertion stated.

The Cullinan mine has produced an array of helpful gems, together with the three,106-carat Cullinan Diamond found in 1905, which is the most important diamond ever recorded, in response to the Cape Town Diamond Museum in South Africa.
The “Blue Moon of Josephine” is a 12.03 carat blue diamond that offered for $48.4 million in 2015. It nonetheless holds the public sale report for the price-per-carat of any diamond or gemstone, the press assertion stated.
Different current discoveries embody “The Sakura,” a 15.81-carat purple-pink diamond that offered for $29.3 million at Christie’s in Might final 12 months.

“The De Beers Cullinan Blue” is scheduled to go up for public sale in a standalone occasion at Sotheby’s Hong Kong Luxurious Week in late April.

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