Rare 'Blue Moon Diamond' sells for world record $48.4 million at Sotheby auction

REUTERS
GENEVA
Published 11.11.2015 23:21
Updated 11.11.2015 23:43
Sotheby's employee displays the rare Blue Moon Diamond during a preview at Sotheby's, in Geneva, Switzerland, Wednesday, Nov. 4, 2015. (AP Photo)
Sotheby's employee displays the rare Blue Moon Diamond during a preview at Sotheby's, in Geneva, Switzerland, Wednesday, Nov. 4, 2015. (AP Photo)

The extremely rare and flawless "Blue Moon Diamond" sold for 48.6 million Swiss francs ($48.4 million) to a Hong Kong buyer on Wednesday, setting a world record for a gemstone at auction, Sotheby's said.

The cushion-shaped diamond, mounted on a ring, has the top grading of fancy vivid blue and weighs 12.03 carats. It had a pre-sale estimate of $35 million-$55 million.

"It is a new record price for any gemstone and per carat," David Bennett, worldwide chairman of Sotheby's international jewellery division who conducted the sale in Geneva, told a packed showroom that erupted into applause. ($1 = 1.0043 Swiss francs)

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