Advanced Search

Storied Blue Diamond Sells for $7M at Sotheby’s

May 16, 2018 5:14 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... The historic Farnese Blue diamond smashed its pre-sale estimate at Sotheby’s auction in Geneva on Tuesday.

The 6.16-carat, pear-shaped, fancy dark grey-blue, SI1-clarity diamond, which Queen Elisabeth Farnese of Spain received on her wedding day, passed through four prominent European royal families. The stone fetched $6.7 million, or $1.1 million per carat, well above its pre-sale estimate of $3.6 million to $5.2 million.

“The Farnese Blue is quite simply an unforgettable diamond, and everyone who set their eyes on it was mesmerized by its extraordinary color — the rich blue of the deepest ocean,” said Daniela Mascetti, deputy chairman of Sotheby’s Europe and its senior international jewelry specialist. “As was evidenced by the competition between bidders this evening, the response from collectors has matched our own excitement for this diamond.” 

Other top lots at the sale included two D-color, flawless, type Ila white diamond rings. A round brilliant-cut, 51.71-carat ring went for $9.3 million, surpassing its $7.3 million to $8 million estimate, while an oval-cut, 50.39-carat garnered $8.1 million, exceeding its initial price tag of $7.3 million to $8 million.

Pinks achieved record prices at the auction, with a 9.70-carat, fancy light purplish-pink diamond ring selling for $2.6 million, setting two records for its color category — for price per carat, and for total price. A 2.63-carat fancy vivid purplish-pink diamond ring also earned the highest price at an auction for its color category at $2.4 million, while a 95.45-carat pink sapphire and diamond pendant set a record price of $2.3 million for a pink sapphire.

The Magnificent Jewels and Noble Jewels auction yielded $85.6 million in sales. In total, 82% of lots sold, with 70% of those achieving more than their high pre-sale estimates, Sotheby’s said.

Image: Sotheby's
Tags: auction, Blue diamond, Daniela Mascetti, Farnese Blue diamond, geneva, Queen Elisabeth Farnese of Spain, Rapaport News, Sotheby’s
Similar Articles
GIATwo New Governors Join GIA Board
Nov 13, 2019
The Gemological Institute of America (GIA) has appointed Jeffrey Post and Tammy Storino as governors to its
Sotheby'sSotheby’s to Sell Rare Fancy-Color Diamond
Nov 12, 2019
A rare fancy-deep-grayish-blue diamond ring with a high estimate of $8 million is set to lead Sotheby’s Magnificent Jewels sale
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.