However, their optimistic outlook comes with a hint of caution due to a number of factors out of their collective control.
Sotheby’s Sells 10-Carat Blue Diamond for $32M
The De Beers Millennium Jewel 4 is an oval-shaped fancy vivid blue and is one of a dozen diamonds the miner assembled to mark the year 2000.
Hong Kong--De Beers Millennium Jewel 4, one of the dozen rare diamonds De Beers assembled to mark the year 2000, sold for $31.8 million at Sotheby’s Hong Kong on Tuesday.
An anonymous buyer snapped up the 10.10-carat oval-shaped fancy vivid blue diamond, paying about $3.2 million per carat and falling into the range expected for the stone’s sale.
When Sotheby’s announced the auction of the Millennium Jewel 4 last month, it predicted the blue-hued diamond would go for between $30 and $35 million.
The Millennium Jewel 4 is now the most expensive jewel ever sold at auction in Asia, just breaking the record set by the $30.6 million sale of a 118.28-carat D flawless diamond in October 2013.
While the blue diamond was a record-setter for the region, the overall auction results were not extremely robust.
The sale totaled $73.3 million, selling 66 percent by lot and 69 percent by value. Of the 271 lots, 93 went unsold.
The tome offers an appreciation for the stone through the voices of celebrities, designers, and other diamond lovers.
Buyers may be excited about online diamond deals, but there are uncertainties surrounding the authenticity and clarity of the diamonds.
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One of the highlights of the JCK show in Las Vegas has always been the Italian Pavilion, buzzing with excitement and elegance.
Both Alrosa and De Beers continue to report robust rough diamond sales fueled by strong consumer demand.