Auctions

15-Carat Fancy Vivid Blue Diamond Sells for $57.5M

AuctionsApr 28, 2022

15-Carat Fancy Vivid Blue Diamond Sells for $57.5M

The third most expensive jewel ever sold at auction, the “De Beers Blue” just missed breaking the blue diamond record.

The “De Beers Blue,” a 15.10-carat step-cut fancy vivid blue diamond, sold for $57.5 million, or about $3.81 million per carat, at Sotheby’s Hong Kong this week.
Hong Kong—The “De Beers Cullinan Blue Diamond” is off the market.
 
In a single-lot sale at Sotheby’s Hong Kong on April 27, the 15.10-carat step-cut fancy vivid blue diamond sold for $57.5 million, soaring past its pre-sale estimate of $48 million.
 
With an exact sale price of $57,471,960, it just missed stealing the auction record for a blue diamond from the 14.62-carat “Oppenheimer Blue,” which sold for $57,541,779 in 2016.
 
It is now the third most expensive jewel ever sold at auction, behind “The Pink Star,” sold for $71.2 million in 2017, also at Sotheby’s Hong Kong, and The Oppenheimer Blue.
 
The De Beers Cullinan Blue Diamond, or “De Beers Blue” for short, was discovered at the famed Cullinan Mine in South Africa in 2021.
 
Petra Diamonds recovered the 39.34-carat rough diamond then sold it to De Beers Group and manufacturer Diacore International for $40.2 million.

De Beers Group CEO Bruce Cleaver said in a press release, “A tremendous result, this diamond ranks as one of the best De Beers has ever seen, and we are incredibly proud to join forces with Sotheby’s to share this defining moment in history.”  
 
 Related stories will be right here … 
 
Sotheby’s said the De Beers Blue is the largest vivid blue diamond to ever appear at auction. GIA also commented on its rarity, noting it is the largest internally flawless step-cut vivid blue diamond it’s ever graded. 
 
“The De Beers Blue captivated me from the moment I laid eyes on it,” said Sotheby’s Asia Chairman Patti Wong.

Another look at the De Beers Blue (Image courtesy of Sotheby’s Hong Kong)
Another look at the De Beers Blue (Image courtesy of Sotheby’s Hong Kong)
 
“With its powerful vivid color, and breathtakingly beautiful cut, it is truly a once-in-a-generation stone, and quite simply the greatest blue diamond of its size I have ever seen during my 31-year-career at Sotheby’s. [The auction] result is a clear confirmation of the growing appreciation, and awareness of the great scarcity of blue diamonds around the world.”
 
The stone reached its hammer price after eight minutes of back-and-forth bidding among four parties.
 
An anonymous phone bidder placed the winning bid. 

The Latest

Supplier BulletinMay 26, 2022
Extraordinary Italian Jewelry at JCK and COUTURE

Sponsored by Italian Trade Agency

SourcingMay 26, 2022
Q&A: Deciphering De Beers’ Blockchain Platform

David Prager virtually sat down with Editor-in-Chief Michelle Graff to answer questions about the rollout of Tracr at scale.

FinancialsMay 26, 2022
Movado Posts Record Q1 Sales Despite ‘Challenging’ US Market

The company opted not to raise its fiscal guidance, citing a slowdown in the U.S. market as a key reason.

Brought to you by
Dive into GIA’s Pearl Expertise

When it comes to knowing the identity and quality of your pearls, count on GIA as your independent pearl experts.

TechnologyMay 26, 2022
State of Retail: The Pros and Cons of 4 Jewelry-Selling Platforms

From “old-school” eBay to new kid on the block 1stDibs, we asked jewelers about their experiences selling jewelry in non-traditional places.

Weekly QuizMay 26, 2022
This Week’s Quiz
Test your knowledge of the latest jewelry news with this quick test.
Take the Quiz
Policies & IssuesMay 26, 2022
Barbara Wheat Named Executive Director of Ethical Metalsmiths

She has nearly 30 years’ experience in the gem and jewelry industry and a background in nonprofit management.

EditorsMay 25, 2022
7 Standout Tiaras in Sotheby’s Platinum Jubilee Exhibition

Senior Editor Brecken Branstrator chooses the pieces she’d most want to see in person.

Brought to you by
A.I. Grading is Changing Conversations at the Retail Counter

Advanced technology levels the playing field, helping jewelers give customers what they want.

MajorsMay 25, 2022
Anne Hathaway Is Bulgari’s Newest Ambassador

The actress joins Zendaya and others in a new advertising campaign.

IndependentsMay 25, 2022
The Mexican Shack to Close After 47 Years

Owner Steve Delzio shares his thoughts on retirement after nearly five decades in the jewelry industry.

IndependentsMay 25, 2022
Designer Theo Fennell Has Written a Memoir

“I Fear for This Boy” takes readers through the ups and downs of his business and is available for pre-order now.

IndependentsMay 25, 2022
MVEye, Wedding Report Partner on New Jewelry Research Platform

“Today’s Wedding Jewelry Consumer” shares data about engagement ring market size, lab-grown and natural diamonds, and more.

ColumnistsMay 24, 2022
The PR Adviser: 10 Questions to Contemplate

Columnist Lilian Raji wants to walk you through the customer journey. But first, she’d like you to answer a few questions.

Events & AwardsMay 24, 2022
8 Gold Jewelry Designers Unveil New Platinum Designs

Several Couture brands have partnered with Platinum Guild International ahead of the jewelry trade show.

Lab-GrownMay 24, 2022
Kendra Scott Unveils Lab-Grown Engagement Ring Collection

The jewelry company is moving into bridal just a month after branching out into the watch world.

SourcingMay 24, 2022
State of the Diamond Industry: Where Does Supply Go From Here?

The 2008 economic crisis, COVID-19, and sanctions on Russian goods have set the stage for an interesting decade for natural diamond supply.

Events & AwardsMay 24, 2022
WJA to Host Diversity Keynote at New Las Vegas Breakfast Event

The Generating Community Impact fundraiser on June 11 will feature Karine Bah Tahé of Blue Level Training.

WatchesMay 23, 2022
Steven Kaiser, Watch Industry Veteran and Beloved Mentor, Dies at 68

Kaiser, whose illustrious career spanned decades, died suddenly on Friday.

IndependentsMay 23, 2022
Long’s Jewelers to Open New Location

The family-owned jeweler is relocating its Braintree, Massachusetts, store to a new space.

IndependentsMay 23, 2022
Luxury Goods Veteran Olivier Stip Joins Chicago Jeweler CD Peacock

He will step into the retailer’s newly created role of chief development officer.

GradingMay 23, 2022
Gem-A Launches Digital Entry-Level Gemology Course

GemIntro is meant to give a broad introduction to gems and gemology.

Recorded WebinarsMay 20, 2022
Watch: Responsible Sourcing and the Gold Supply Chain

Three industry experts discuss “recycled” gold vs. mined, their challenges and benefits, and how jewelers can navigate the area.

FinancialsMay 20, 2022
Richemont’s 2022 Jewelry Sales in the Americas Nearly Double

Cartier, Van Cleef & Arpels, and Buccellati put on stellar performances.

SurveysMay 19, 2022
5 Predictions for Jewelry Retail in the Second Half of 2022

From a slowdown in sales growth to rising costs, Fruchtman Marketing outlines its expectations for the second half of the year.

MajorsMay 19, 2022
As It Nears 75, Here’s How Grandview Klein Stays Competitive

Once a part of Julius Klein Group, the diamond company combines its direct supply and cutting expertise with a keen eye to the future.

SourcingMay 19, 2022
De Beers’ Rough Sales Up 21% So Far This Year

One analyst cited rising diamond prices and the sanctions on Alrosa as contributing factors.

CollectionsMay 19, 2022
Brilliant Earth Collaborates with Jade Trau

The two have partnered on a capsule collection.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy