【Geneva, Swit】The ‘Bleu Royal’ Diamond Sells for Nearly $44 Million at Auction

Editor’s Note

A 17.6-carat vivid blue diamond, known as the “Bleu Royal,” has sold for $43.8 million at Christie’s Geneva, setting a new benchmark for rare jewels.

El diamante
Record-Breaking Sale

The largest and most flawless vivid blue diamond ever offered at auction sold for a staggering $43.8 million at a Christie’s rare jewels sale in Geneva on Tuesday, the auction house said.
The brilliant blue diamond, known as the “Bleu Royal” and set in a ring, is among the rarest ever unearthed. Weighing 17.6 carats, the diamond had a pre-sale estimate of up to $50 million.

“The stone realized nearly $44 million,” said Rahul Kadakia, Christie’s international head of jewelry. “It’s a huge amount of money considering what’s going on in the world today.”
A Unique Gem

Max Fawcett, head of Christie’s jewelry department in Geneva, said the diamond was unique for its intense blue color and its brilliant, unmodified pear shape.

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“It really ticked all the boxes, so we managed to excite collectors from all over the world, from the Far East to the United States,” he said. “We are very happy with the result.”

At its Tuesday auction, Christie’s sold dozens of rare jewelry pieces for a combined total of over $77 million.

“It’s clear the market remains very strong in certain areas,” said Fawcett. “Colored stones performed extremely well, as did signed jewels… There is a big market for rare things and there are still collectors looking for the best.”
Related Sale

In a separate sale on Monday, Christie’s sold a Rolex wristwatch worn by Marlon Brando in the 1979 film “Apocalypse Now” for more than 4.5 million Swiss francs ($4.99 million).
The actor engraved his signature on the back to prevent the watch from being accidentally switched during filming.

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Two years ago, the same watch sold at auction for 2 million Swiss francs.

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⏰ Published on: November 26, 2023