Sotheby’s Sells 10-Carat Blue Diamond for $32M

AuctionsApr 07, 2016

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.

Sold Tuesday at Sotheby’s Hong Kong for $31.8 million, the De Beers Millennium Jewel 4 is now the most expensive jewel ever sold at auction in Asia.

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. 

Michelle Graffis the editor-in-chief at National Jeweler, directing the publication’s coverage both online and in print.

The Latest

SurveysOct 21, 2021
10 Retailers on Why They Expect the Diamond Boom to Continue

However, their optimistic outlook comes with a hint of caution due to a number of factors out of their collective control.

SourcingOct 21, 2021
This Coffee-Table Book Is the Perfect Present for Diamond Lovers

The tome offers an appreciation for the stone through the voices of celebrities, designers, and other diamond lovers.

ColumnistsOct 21, 2021
Squirrel Spotting: It’s a Diamond Moment!

It’s no doubt diamond sales are booming, but why? Peter Smith explores the complicated reasons why consumers want the stones right now.

Brought to you by
Buying a Diamond is More Than Knowing the 4C’s

Buyers may be excited about online diamond deals, but there are uncertainties surrounding the authenticity and clarity of the diamonds.

IndependentsOct 21, 2021
Quiz: How Closely Have You Been Reading Our Columns?

Brush up on the finer points of customer budgets, recruiting new employees and driving traffic to a new website with this quick test.

Weekly QuizOct 22, 2021
This Week's Quiz
Test your knowledge of jewelry news from the week of Oct. 18-22, 2021.
Take the Quiz
TrendsOct 21, 2021
Amanda’s Style File: Prepare to ‘Fall’ in Love

Here are 15 jewels to celebrate the season.

CollectionsOct 21, 2021
Contemporary Jewelry Designers to Collect Now

Experts opine on the independent fine jewelry brands with the greatest investment potential.

Brought to you by
Viva Italia! Why the JCK Italian Pavilion Was a Sight Worth Seeing at JCK Las Vegas

One of the highlights of the JCK show in Las Vegas has always been the Italian Pavilion, buzzing with excitement and elegance.

SourcingOct 21, 2021
Diamond Jewelry Demand at a ‘Record High,’ Alrosa Says

Both Alrosa and De Beers continue to report robust rough diamond sales fueled by strong consumer demand.