Vivid blue diamond sells for $43.8mn

The largest internally flawless fancy vivid blue diamond ever put up for auction sold for a staggering $43.8mn at a Christie’s sale of rare jewels in Geneva yesterday, the auctioneer said.The vivid blue diamond, known as "Bleu Royal” and set in a ring, is among the rarest ever to be unearthed. At 17.6 carats, the diamond had an estimated value of up to $50mn prior to the sale."The stone made almost $44mn,” said Rahul Kadakia, Christie’s international head of jewellery."It’s a huge amount of money given what’s going on in the world today.”Max Fawcett, head of Christie’s jewellery department in Geneva, said the diamond was unique because of its a deep rich blue colour and its unmodified pear brilliant shape. "It really ticked all the boxes, which is why we managed to excite collectors all around the world, all the way from the Far East, also to America,” he said. "We’re extremely delighted with the result.”At its auction yesterday, Christie’s sold dozens of rare jewellery pieces worth a combined total of more than $77mn."It’s clear that the market is still very strong in certain areas,” Fawcett said. "Coloured stones performed extremely well, as did signed jewellery...There’s a great market out there for rare things, and there are still collectors looking for the very best.”