Dazzling Debut: The Mediterranean Blue Diamond
Sotheby's in Geneva introduces the 10-carat 'Mediterranean Blue Diamond,' a rare fancy vivid blue gemstone mined in South Africa, expected to fetch $20 million at auction. The blue diamond market shows continued strength with past records indicating high value auctions for colored gemstones.
- Country:
- Switzerland
Sotheby's in Geneva recently unveiled the 'Mediterranean Blue Diamond,' a stunning 10-carat gemstone set to captivate bidders at an upcoming auction. Experts estimate its selling price could reach an impressive $20 million, underscoring the enduring appeal of colored diamonds in the market.
The cushion-shaped diamond, mined in South Africa, boasts a rare fancy vivid blue hue, which significantly enhances its value. This particular piece stands out amid an already vibrant market, indicative of growing demand for unique and colorful gemstones.
The anticipated sale is part of Sotheby's prestigious high jewelry collection showcase, with the live auction scheduled for May 13 at Geneva's Mandarin Oriental Hotel. Historical sales, like a 2016 auction at Christie's, highlight the potential for extraordinary prices in this category.
(With inputs from agencies.)
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