At the Christie’s Magnificent Jewels auction in Geneva on May 18, bidding was spectacular. The historic Oppenheimer Blue Diamond was up for sale the first time ever. The diamond sold in 25 minutes – a record time for a record-setting amount for any jewel sold at auction — for a whopping $57,541,779.
Soaring over its low estimate of $38 million, the exceptional blue diamond inspired fierce bidding among collectors before it came down to three private collectors in the tense final moments. The room broke out into applause as the gavel came down and the final number was announced.
Heaviest bidding came between collectors in three continents, but the final buyer is a private collector whose location is not being identified. The experts estimated that the rectangular stone would fetch between $38 million and $45 million. The sale surpassed all expectations.
Named in honor of the connoisseur and previous owner, Sir Philip Oppenheimer of the De Beers family, the Oppenheimer Blue, at 14.62 carats, is the largest Fancy Vivid Blue diamond to ever come to auction.
Exemplifying the continued global demand for the highest-quality stones, the Oppenheimer Blue makes history as the most expensive jewel ever sold at auction.