Sotheby’s New York’s Magnificent Jewels sale on December 4 will be led by “a highly important 10.62-carat Fancy Vivid Blue diamond”, according to Sotheby’s. The diamond, which comes from a private European collection, is set with a pear-shaped Fancy Vivid blue diamond weighing 10.62 carats and is accented by round diamonds.
The diamond is being valued between $20 million to $30 million or $1.88 million to $2.82 million per carat. This is quite a modest estimate, and surely it will surpass the high value.
A similar diamond was sold in April 2016, The 10.10 carat blue diamond Oval Cut, named "De Beers Millennium Jewel 4", went under the hammer at Sotheby's in Hong Kong, selling for USD$31.8 million.
After fourteen years, Sotheby’s will be re-offering an extraordinary Fancy Vivid Blue diamond it sold in Geneva in 2004. This will be Sotheby’s top lot for the Magnificent Jewels auction in New York on December 4, 2018, and it will also be its largest Vivid Blue diamond ever to be offered in New York.
Back in 2004, Sotheby’s had offered this 10.62 carat, Fancy vivid Blue diamond, pear shape and a VVS1 clarity on November 17 in Geneva. It was sold for $4,403,571 in total or $414,648.87 per carat to be exact. Today, for this same amount of money ($4.4 million) you can probably buy a 2.5-2.75 carat Fancy Vivid Blue with the same clarity, if you can find any…Calculating the Inflation rate, that will equivalent of a purchase power of $5,895,167.03....
