The price per carat for this gorgeous diamond came in at $1.32 million when the gavel fell at Sothebys. The 6.04 carat diamond color is called Fancy Vivid Blue and has flawless clarity. It was set in a platinum ring with two white emerald cut diamonds on either side and sold for $7.8 million in Hong Kong. The diamond was purchased by Moussaieff Jewelers for their collection of rare gemstones.
The previous record for a diamond called the Hancock Red was a little over $900,000 per carat back in 1987.
What Makes This Trend Stand Out
- Ultra-luxury Gems
- An opportunity exists for designers and jewelers to create elegant and sophisticated pieces with unique and top-quality gemstones.
- Flawless Diamonds
- A disruptive innovation opportunity could be to develop technology and processes that could increase the production and availability of flawless diamonds at a lower cost.
- Record-breaking Auctions
- With an increasing demand for luxury goods, auction houses can seize the opportunity to generate new revenue streams by organizing more auctions of rare and unique items.
Sectors Adopting This
- Jewelry
- The jewelry industry will continue to flourish as people look for artisanal and luxurious pieces to showcase their wealth and status.
- Mining
- Mining companies can focus on finding new and unique diamond deposits that could potentially yield more profitable gemstones for the ultra-luxury market.
- Auction Houses
- The auction industry can leverage technology and digital platforms to reach a larger audience, allowing people from all over the world to participate in bidding on rare and unique items.
