Monday, October 8, 2007

The world's most expensive flawless blue diamond worth £4 million

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One of the rarest gems in the world, a 6.04 carat internally flawless blue diamond, has been sold for £650,000 per carat at a Sotheby's auction in Hong Kong, making it the most expensive gemstone in the world, per carat, sold at auction. It smashed a 20-year-old record held by the Hancock Red- a red diamond which fetched £450,000 per carat at the time.

While not a large stone, the Sotheby's diamond has an esteemed cut and "fancy vivid blue" hue, factors which contributed to its blockbuster price - roughly ten times the per-carat price of regular white diamonds. The buyer of the £4 million diamond was Moussaieff Jewellersin London, which has a reputation for acquiring extremely rare and costly gemstones.

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