Sotheby's Flings Bling East: Blue diamond sells for record $5.6 million

  • October 14, 2009 21:50

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Sotheby's sold this fancy blue diamond for a record price.

An 8.74 carat blue diamond was sold for 5.7 million U.S dollars at Sotheby’s auction in Hong Kong on Wednesday the 7th of October. The diamond was emerald cut fancy intense blue with VVS1 grade (which is the third best grade). The stone was bought by an anonymous phone bidder. Four rivals were also bidding seriously for the diamond. The price escalated at the rate of HK$ 1 million per bid.

Read more at Internet Stones

Tags: Jewelry

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