Rare ‘Blue Moon Diamond’ sells for $48.4 million at auction

Blue Moon

Rare ‘Blue Moon Diamond’ sells for $48.4 million at auction

The extremely rare and flawless “Blue Moon Diamond” sold for $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 jewelry division who conducted the sale in Geneva, told a packed showroom that erupted into applause.

CNBC

Rare ‘Blue Moon Diamond’ sells for $48.4 million at auction

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