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Blue diamond Sells for a record $58 Million

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“Diamonds have never been this sexy,” - Tobias Kormind, managing director at online jewelry designer, said in a statement.

The 14.62-carat “Oppenheimer Blue,” the largest fancy vivid blue diamond ever offered at auction, was sold for more than $57.5 million, including commission and fees.

The blue diamond was estimated to be worth as much as $46 million. Bidding for the gem started at 30 million Swiss francs and went agonizingly slow with long silent pauses and nervous laughter. Finally, the precious stone now belongs to a private investor after a 25-minute battle between bidders on three continents.

The diamond is set on a platinum ring, flanked on either side by trapeze-shaped diamonds. Its VVS1 clarity grade is one step below Internally Flawless.

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The diamond was previously owned by Sir Philip Oppenheimer, a member of the family that once controlled the De Beers Mining Company. Today, he is remembered as the architect of stability in the international diamond chain and for his incomparable gem collection, which includes the Oppenheimer Blue.


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