The Record Breaking Blue Diamond


A 9.75ct pear shape blue diamond set not one but two world auctions records on Thursday. Sotheby’s announced the rare fancy vivid blue diamond from the celebrated collection of Mrs. Rachel Lambert, also known as Bunny Mellon, the art collector wife of the late philanthropist Paul Mellon, was sold for a record $32.6 million. Final sale amount far surpassed expectations, since the pre-sale estimate value was around $19 million for the collection.


The spectacular blue diamond is graded VVS2 in clarity and potentially internally flawless. Auction was finalized at $32,645,000 ($3,348,205 per carat) – a new record for any blue diamond and for price-per-carat for any diamond. A private Hong Kong investor was the winner of the 20 minutes long intense bidding. The auction result was another example of rising demand from Chinese market for high value diamonds and gemstones over the last years.
Gary Schuler, head of Sotheby’s jewelry department in New York also praised the fancy vivid blue stone: “From the moment I saw this diamond, I knew that it would be one of the most important stones that I will ever have the privilege of presenting at auction. Mrs. Mellon’s diamond absolutely deserves the place in the record books that it achieved.”

Source: Sotheby’s & Reuters


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