Blue diamond fetches record $57.6 million at auction

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“Oppenheimer Blue”, the largest and finest fancy vivid blue diamond ever offered at auction, sells for world record $57.6 million. Rough cut (no reporter narration).

Blue diamond fetches record $57.6 million at auction

NATURAL ROUGH CUT (NO REPORTER NARRATION)

The “Oppenheimer Blue”, a large and rare diamond, sold for 56.837 million Swiss francs ($57.6 million) at auction on Wednesday, setting a world record for any gem after a dramatic see-saw bidding process, Christie’s in Geneva said. The previous record was held by the “Blue Moon Diamond”, sold at rival Sotheby’s for $48.6 million last November. The new Hong Kong owner renamed that stone the “Blue Moon Josephine”. The Oppenheimer, the largest fancy vivid blue diamond ever offered at auction, is a rectangular diamond weighing 14.62 carats that previously belonged to Sir Philip Oppenheimer, who controlled the Diamond Syndicate in London. It had a pre-sale estimate of $38 million-$45 million. The packed Geneva saleroom broke into applause as Rahul Kadakia, Christie’s International Head of Jewellery, brought down the hammer after two phone bidders ended a 20-minute battle. The buyer’s identity was not immediately known.

Tags : auction, million, 576, record, Fetches, diamond, blue

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