Rare 10-carat blue diamond could fetch $20M at auction
me-metals: A rare 10-carat blue fancy diamond could fetch up to $20 million when it goes to auction in Geneva on May 13, auction house Sotheby’s said on Thursday.
According to me-metals cited from mining.com, The cushion-shaped piece, known as the “Mediterranean Blue Diamond,” was mined in South Africa and classified as a “fancy vivid blue,” the highest grade for coloured diamonds.
“The market for coloured diamonds continues to go from strength to strength,” Jessica Wyndham, Sotheby’s head of high jewellery sales in Geneva said in a statement.
The Mediterranean Blue was cut from a 31.94-carat rough diamond discovered in 2023 at the Cullinan mine in South Africa. Its transformation into a polished gem followed a year of study and six months of planning and cutting, Sotheby’s said.
Diamonds of this calibre are exceptionally rare. Fancy vivid blue diamonds over 10 carats have consistently commanded high prices at auction.
In 2016, a 14.62-carat gem known as the “Oppenheimer Blue” sold for 56.8 million Swiss francs ($68.7 million) at Christie’s in Geneva, setting a world record or a fancy vivid blue diamond sold at an auction.
That same year, a 24.18-carat intense blue diamond found at Petra Diamond’s (LON:PDL) Cullinan mine in South Africa in 2014, sold for $25 million at a Christie’s auction in Geneva.
source: mining.com
Related News
Top News
One last month
Four last month
Perpetua seeks $2 billion loan for Stibnite project in Idaho
US Steel to remain in America, form ‘partnership’ with Nippon, Trump says
Greatland Gold targets $33M in ASX dual listing push
US approves Utah uranium mine after two-week environmental review
Rio Tinto board looks for new CEO who knows mining better
Shanghai exchange looks to open domestic nickel contract to foreigners this year
Alba Celebrates Final Year Projects of 24 Bahraini Employees in Top-Up BEng Programme
Canada’s new energy minister vows to speed up permitting, reset industry relations
Alba secures RoSPA’s ‘President’s Award’ for third consecutive year
Terra Metals, Metalex seal $100M deal to form copper-cobalt partnership in Zambia
Fortuna Mining buys 15% of Awalé Resources
COMEX copper stocks exceed LME for first time since 2022
Chile’s leftist presidential hopefuls spar over SQM-Codelco deal
Ivanhoe withdraws production guidance at Kakula, shares dive
Citi adjusts short-term gold price forecast back to $3,500
Nigeria to open two Chinese-backed lithium processing plants this year
Gold price falls almost 1% on Trump’s EU tariff delay
Sibanye-Stillwater rescues all 260 trapped at Kloof mine
Morocco’s Managem reports 20% rise in Q1 revenue
Terra Metals, Metalex seal $100M deal to form copper-cobalt partnership in Zambia
Fortuna Mining buys 15% of Awalé Resources
COMEX copper stocks exceed LME for first time since 2022
Chile’s leftist presidential hopefuls spar over SQM-Codelco deal
Ivanhoe withdraws production guidance at Kakula, shares dive
Citi adjusts short-term gold price forecast back to $3,500
Gold price falls almost 1% on Trump’s EU tariff delay
Sibanye-Stillwater rescues all 260 trapped at Kloof mine
Morocco’s Managem reports 20% rise in Q1 revenue