Rare Oval-Cut Blue Diamond Sold for A$4 Million

“Blue diamonds account for only 0.004% of all diamonds mined and are therefore exceptionally rare and remain highly sought after. The price achieved in today’s auction demonstrates that the global appetite for colored diamonds remains as buoyant as ever.”

On September 20, 2016 in London, Bonham’s presented a unique fancy color diamond, a rare and stunning 3.81 carat Fancy Intense Blue weighing 3.81 carats for US $3million (approx A$4million). Knowing the market supply these days, it is not easy to find such a color and size combination. When there is a request made out in the market for such a stone, it is impossible to find more than a handful of choices.

Jean Ghika, Head of Jewellery for Bonhams UK & Europe, said: “Blue diamonds account for only 0.004% of all diamonds mined and are therefore exceptionally rare and remain highly sought after. The price achieved in today’s auction demonstrates that the global appetite for colored diamonds remains as buoyant as ever.”

Bonhams said in a statement that it holds two price-per-carat world auction records: for a Fancy Deep blue diamond at US$1.77 million per carat, and a Fancy greyish-blue diamond at US$730,000 per carat.