The Jewelry Insider

April 27, 2008

Ever wondered how much the super-rich are prepared to pay for their diamonds? Well, they’re ready to lay down some serious cash for chance to out-bling the Jones’ on Billionaires Row.
A rare and flawless blue diamond recently set a record as the most expensive jewel of its kind ever sold. The gem, which is 6.04 carats and sparkles with an unusual blue hue, is almost as breathtaking as the price it fetched at auction in Hong Kong. It went for a whopping $7.98 million, or about $1.32 million per carat. Because blue diamonds are so rare, they sell for around ten times comparable regular white diamonds sell for.
But, if you prefer your diamonds big and colorless, an upcoming auction in Hong Kong may have that special something. A 101.27-carat stone, the largest white diamond to appear at auction for 20 years will go under the hammer in late May and is expected to fetch in excess of six million dollars.
If you think those two diamonds are, well, somewhat exorbitant, then you obviously weren’t at the 1990 auction in which a 101.84-carat pear-shaped diamond, sold for $12.7 million dollars. The diamond was bought by famed diamond house Mouawad and named the Mouawad Splendor. The gem resurfaced in 2005 hanging between the ‘assets’ of supermodel Gisele Bundchen. Mouawad had teamed up with Victoria’s Secret to create their 2005 Fantasy Bra – aptly named the ‘Sexy Splendor’.

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