Rare blue diamond fetches $9.5M at auction
Auction house Sotheby’s said it sold a rare 7.03 carat blue diamond for a record price of 9.5 million US dollars (7.0 million euros) to an anonymous bidder.
“This total represents the highest price for a fancy vivid blue diamond sold at auction and the record price per carat for any gemstone sold at auction,” said Sotheby’s in a statement.
This is representative of the way that prices for coloured diamonds is going – UP – at an accelerating rate. The demand for these rare and wonderful pieces of the earth is starting to boil, along with he fact that the supply capacity for them dwindling at the same time. The Argyle diamond in Western Australia has begun to decrease the supply of their world famous coloured diamonds, 1 full year earlier than planned due to the GFC, because the supply in that rich diamond mine is finite and is expected to cease in or before 2018.
This fact is pushing the prices of coloured diamonds sky high at an accelerating rate going forward. The diamond cartel DeBeer’s released a statement last year saying that “…if the current demand for coloured diamonds continues at the same rate, we expect that prices for coloured diamonds, in particular pink diamonds, could double in value in the next two years…”
Lending some serious weight to the fact that these prices are now running and not walking.
If this is something that you might consider as an investment or even if you simply want to own one of the rarest diamonds in the world then go to the Eskae Jeweller website and fill out the contact form to book an appointment with me so that I can help you along the way of making one of the best diamond purchases you will make.
Sam Kritsotakis -Your Private Jeweller
Eskae Jeweller
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