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 Record-breaking blue diamond could fetch $48 million at auction

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Record-breaking blue diamond could fetch $48 million at auction Vide
PostSubject: Record-breaking blue diamond could fetch $48 million at auction   Record-breaking blue diamond could fetch $48 million at auction Icon_minitimeWed Feb 16, 2022 4:16 pm
One of the most valuable blue diamonds to ever feature at an auction could sell for more than $48 million, according to Sotheby's.

Named "The De Beers Cullinan Blue," it is the biggest vivid blue diamond to be put up for auction, according to a press release from Sotheby's Wednesday.

Record-breaking blue diamond could fetch $48 million at auction Http%3A%2F%2Fcdn.cnn.com%2Fcnnnext%2Fdam%2Fassets%2F220216035630-02-cullinan-blue-diamond

The 15.10-carat gem is also "the largest internally flawless step cut vivid blue diamond" to be appraised by the Gemological Institute of America (GIA), the press statement said.

Describing the diamond as "exceptionally rare," Sotheby's added that only five gems over 10 carats have ever appeared at auction. None have ever been over 15 carats, "making the appearance of this flawless gem a landmark event in itself."

The rare diamond was found in the Cullinan mine, South Africa, in 2021, and has attained the highest rankings, according to the standards that colored diamonds are judged by.

It was categorized as "fancy vivid blue" by the GIA -- the highest possible color grading, which has been awarded to no more than 1% of blue diamonds submitted to the organization.

The jewel has outstanding polish, and is of Type IIb, which means it contains boron and therefore has a bluish gray shade, according to the GIA website. Less than 0.5% of diamonds are part of such a category, the press statement said.

.https://edition.cnn.com/style/article/blue-diamond-auction-intl-scli/index.html?utm_source=fbCNN&utm_content=2022-02-16T15%3A30%3A25&utm_term=link&utm_medium=social&fbclid=IwAR0R9TpxVTkCq57dkylxF1C1DUS3Uqvsa2e2Z7D6WjW_3_jvDZ-_Q1Brj14
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