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Monday, August 19, 2013

Rare 7.59-Carat Round Fancy Vivid Blue Diamond to be Auctioned at Sotheby’s Hong Kong

The Premier Blue Photo credit: AFP/Getty

Sotheby’s Hong Kong is offering the Premier Blue, a 7.59-carat round fancy vivid blue diamond, as one of the top lots in its Magnificent Jewels and Jadeite Autumn Sale scheduled for October 7 at the Hong Kong Convention and Exhibition Centre. 

This brilliant-cut internally flawless gem is the largest round fancy vivid blue diamond ever graded by the Gemological Institute of America. The estimate is available upon request. However, a 6.01-carat fancy vivid blue diamond sold in 2011 at Sotheby's Hong Kong for more than $1.68 million, an auction record for the per-carat price of a fancy vivid blue diamond. The Premier Blue is expected to sell for far more, according to reports.

Sotheby’s said the round brilliant cut is rarely used in colored diamonds due to the high waste involved in the cutting process. “No significant round fancy vivid blue diamond has ever appeared at auction worldwide thus making the Premier Blue a rare and exceptional gem,” the auction house said.

The Premier Blue will be previewed throughout Asia as well as in Geneva, London, New York and Doha at before the auction in Hong Kong.

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