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Shirley Temple's Blue Diamond Expected to Sell for up to $35M

Mar 20, 2016 11:48 AM   By Rapaport News
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RAPAPORT... Sotheby’s expects to sell late entertainer and diplomat Shirley Temple's blue diamond ring for $25 million to $35 million.

The cushion-cut, 9.54-carat, fancy deep blue, VVS2 diamond ring will be offered at Sotheby’s Magnificent Jewels auction in New York on April 19, according to a statement by the company March 18. The estimated price translates as up to $3.7 million per carat.

The child star’s father bought the ring for her for $7,210 in 1940 around the time of her 12th birthday and the premier of her film The Blue Bird. The film may have inspired him to pick a blue diamond, as colored diamonds were not as popular at the time as they are now, Sotheby’s said.

“It’s remarkable to have one stone illustrate the dramatic shift in attitude towards colored diamonds over the course of the last century,” Gary Schuler, co-chairman of Sotheby’s jewelry division for the Americas, said.

The upcoming auction comes after Sotheby’s sold a string of colored diamonds in the last eight years, some for more than $30 million each. These included the 12.03-carat Blue Moon, which fetched a world record $48.5 million, or more than $4 million per carat, at a sale in Geneva last November.

Sotheby’s will also auction the oval-cut, 10.10-carat, fancy vivid blue, internally flawless ‘De Beers Millennium Jewel 4’ at a separate sale Hong Kong April 5, estimated at $30 million to $35 million (HKD 235 million to 280 million).
Tags: Auctions, colored diamonds, Magnificent Jewels, Rapaport News, sothebys, Sotheby's
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