According to JCK online, a 4.8-carat piece of blue rough diamond recently sold for $1.45 million – over $300,000 per carat.
The diamond was produced in South Africa’s Cullinan mine, and sold by Petra Diamonds, who stated:
“it is the highest per carat price it has ever achieved for a piece of rough. In addition, the miner says it is confident that the price is “one of the highest values per carat ever achieved on the sale of a rough diamond by any rough diamond producer. Cullinan is renowned as the world’s only reliable source of blue diamonds and this sale demonstrates how rare and desirable they are to the international market.”
Colored diamonds in general are experiencing another surge in popularity, as demonstrated by the staggering per-carat prices achieved at auction for diamonds like the Sun-Drop diamond that sold for $12.4 million at Sotheby’s, or the 32.77 carat, VS2 pear shaped diamond that realized over $200k per carat at Christie’s Magnificent Jewels Auction.
One of 2012′s hottest engagement ring trends is colored diamonds in every shade, and fancy yellows continue to be popular in non-bridal jewelry as well. We’re predicting a big year for colored diamonds, and Raymond Lee Jewelers is keeping our stash of colored diamonds well stocked!
Liz for Raymond Lee Jewelers, your source for jewelry industry news and jewelry auction updates, and South Florida’s diamond source.
