Flawless $7.8M Blue Diamond
Going Like Sixty — October 10, 2007 — Fashion
References: luxist
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.
The previous record for a diamond called the Hancock Red was a little over $900,000 per carat back in 1987.
Trend Themes
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Ultra-luxury Gems — An opportunity exists for designers and jewelers to create elegant and sophisticated pieces with unique and top-quality gemstones.
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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.
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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.
Industry Implications
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Jewelry — The jewelry industry will continue to flourish as people look for artisanal and luxurious pieces to showcase their wealth and status.
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Mining — Mining companies can focus on finding new and unique diamond deposits that could potentially yield more profitable gemstones for the ultra-luxury market.
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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.
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