The Jewelry Insider

April 20, 2009

Sotheby’s auctions a blue diamond worth an estimated $8 million.

While nothing can compare to the world’s most expensive blue diamond, The Wittelsbach, which sold to diamond dealer, Laurence Graff, last year for $24.3 million, Sotheby’s has another blue bauble that will cause jaws to drop and auction paddles to flop.

African miner, Petra Diamonds, unearthed another rare gem from the Cullinan mine in South Africa, famous for yielding most of the world’s best blue diamonds. The fancy vivid blue gem weighs 7.03 carats and is rated internally flawless – high praise for a natural stone.

The blue beauty will be shown in Hong Kong, Paris, New York and London before winding up in Geneva for the Sotheby’s auction on May 12th, where it is estimated to sell for as much as $8.5 million.

According to the Natural Colored Diamond Association, only one diamond in 10,000 possesses a natural color so strong that it can be classified as fancy color diamond, with reds and blues being the most rare.

Colored diamond fans who don’t have millions lying around to snatch a natural stone for their own jewelry box, can find more affordable treated diamonds in every color of the rainbow.

Treated colored diamonds are actually natural white diamonds that are subjected to intense heat to give the stones a range of different hues – from black and pink to yellow and blue. And you don’t have to have a paddle or millions of dollars to snatch one of your very own.

Cure your case of the blues right here on Jewelry.com, where we have a variety of blue diamond styles from the retailers your trust at prices you can afford!

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