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‘Cullinan Dream’ Fetches Record $25M at Christie’s

Jun 13, 2016 5:31 AM   By Rapaport News
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The ‘Cullinan Dream’ sold for $25.4 million in New York, achieving a record auction price for a fancy intense blue diamond, according to Petra Diamonds.

The cut-cornered rectangular mixed-cut, 24.18-carat, VS2 diamond fetched $1 million per carat at Christie’s Magnificent Jewels sale on Thursday.

Petra, which announced the discovery of the original 122.52-carat rough at its Cullinan mine in South Africa in June 2014, will receive a 15-percent share in the sales proceeds from the polished. The miner sold the rough into a cutting and polishing partnership in September 2014 for $23.5 million. The stone was cut into four polished diamonds, of which the Cullinan Dream is the largest.

The auction at the Rockefeller Plaza also featured an oval brilliant-cut, 52.76-carat, K, VS2 diamond, which was sold for $2 million, or $38,760 per carat. Christie's sold a total of $42.2 million of jewels at the auction.
Tags: Auctions, Christie's, Cullinan, Cullinan Dream, Cullinan Mine, petra, Petra Diamonds, Rapaport News
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