Auction history was made recently in New York when The BVLGARI Blue Diamond, the largest triangular-shaped Fancy Vivid blue diamond ever to appear at auction, sold for $15.7 million (£9.9 million), setting a new record price of $1.4 million (£880,000) per carat for a blue diamond.

 

This exceptional stone, mounted as a two-stone diamond ring designed in the 1970s by the legendary house of BVLGARI in Rome, was the star lot of Christie’s major Jewels: The New York Sale.
Anticipated to realize in excess of $12 million, this exceptional jewel was greeted by a bidding battle involving one client in the room and two on the phone. After five minutes of bidding, the hammer fell to an Asian collector for $15,762,500 with premium.
Designed by the legendary house of BVLGARI in the 1970s, the ring features a triangular-shaped colorless diamond of 9.87 carats paired with a stunning triangular-shaped Fancy Vivid blue diamond of 10.95 carats. Fancy Vivid blue diamonds are among the rarest and most sought-after of colored diamonds, as only one in about 10 million possess a color pure enough to qualify as “Fancy Vivid”. Due to their rarity and increasingly limited supply, demand has rapidly driven prices to great heights, with particular strength seen for those stones weighing more than 10 carats. Large, natural blue diamonds, in particular those possessing the coveted Vivid Blue tone and saturation, have become highly prized on the international market.
The BVLGARI Blue was offered for sale by a private European collector who has kept the ring in his family for almost 40 years. The gentleman had originally purchased the ring at BVLGARI’s flagship boutique on Via dei Condotti in Rome in 1972, as a unique gift for his wife in celebration of the birth of their first child, a baby boy. The final sale price in 1972 was about $1 million US.
The triumphant success of The BVLGARI Blue and the Jeweled Elegance collection offers further proof that the global market for top-quality colored and colorless diamonds and signed jewels at auction remains stronger than ever.

 

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