Stunning 'Mediterranean Blue' Diamond Sells for $21.5 Million in Geneva Auction
Geneva, Switzerland – The world of luxury gems witnessed a dazzling display of rarity and value this week as Sotheby's auction house in Geneva hosted a sale of extraordinary proportions. At the heart of the event was 'The Mediterranean Blue,' an exceptionally rare fancy vivid blue diamond, which ultimately sold for a staggering $21.5 million.
The diamond, weighing in at a substantial 29.7 carats, is a truly exceptional specimen. Blue diamonds are among the rarest of all coloured diamonds, and the 'vivid' classification denotes an intensely saturated hue – a characteristic that significantly elevates its value and desirability. The name 'Mediterranean Blue' perfectly captures the gem’s captivating colour, reminiscent of the deep, vibrant waters of the Mediterranean Sea.
Sotheby's described the diamond as an “extraordinary stone” and the auction attracted significant interest from collectors and investors worldwide. The bidding was fierce, reflecting the diamond's unparalleled rarity and the prestige associated with owning such a magnificent jewel.
Why are Blue Diamonds so Valuable?
The rarity of blue diamonds stems from the presence of trace amounts of boron within the diamond's crystal structure. During the diamond’s formation deep within the Earth, boron atoms are incorporated into the carbon lattice, causing the diamond to absorb red light and reflect blue light. The concentration of boron dictates the intensity of the blue colour; the higher the concentration, the more vivid and valuable the diamond becomes.
Furthermore, the geological conditions required for the formation of blue diamonds are incredibly specific, making them significantly scarcer than other coloured diamonds, such as pink or yellow diamonds. This combination of rarity and intense colour contributes to their consistently high prices at auction.
A Momentous Auction
The sale of 'The Mediterranean Blue' underscores the enduring appeal of rare gemstones and the continued strength of the luxury market. It serves as a testament to the meticulous craftsmanship and natural wonders that create these coveted treasures. The auction house expressed its satisfaction with the outcome, highlighting the diamond’s exceptional quality and the global interest it generated.
This remarkable diamond will undoubtedly become a prized possession for its new owner, a symbol of unparalleled luxury and a tangible link to the Earth’s geological history. The story of 'The Mediterranean Blue' is a reminder of the beauty and value that can be found within the natural world.