November 24, 2017

Largest blue diamond goes to auction for $45m

The sales of most expensive minerals have made headlines in recent weeks. We are yet to witness more it appears, according to AFP.

AFP reports that the largest fancy vivid blue diamond ever offered at auction is set to go on sale on May 18 at Christie’s in Geneva.

The 14.62-carat stone, the “Oppenheimer Blue,” is named after its previous owner, Sir Philip Oppenheimer, whose family controlled De Beers for 80 years before selling its 40% stake to Anglo American for $5.1bn in 2012.

The diamond, whose “fancy vivid” designation rates it the highest and clearest saturation color blue possible, is estimated to sell for $38m to $45m.

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