An exceptionally rare blue gem becomes one of the most expensive diamonds ever sold

  • Bleu Royal diamond sells for US$43.8 million at Christie’s in Geneva
  • One of the most expensive diamonds in history
  • 17.61 carat pear-shaped diamond is the largest internally flawless fancy vivid blue gem to be sold at auction
  • Bleu Royal is part of an anonymous private collection for the past 50 years
  • Blue diamonds are extremely rare and owe their color to the element boron

An anonymous buyer paid CHF39,505 million (US$43.8 million) for the pear-shaped Bleu Royal diamond at Christie’s in Geneva. Weighing 17.61 carats, it is the largest internally flawless fancy vivid blue gem to be sold at auction. The diamond, part of an anonymous private collection for the past 50 years, is among the rarest gems in modern history. Blue diamonds owe their color to the element boron and are formed at extreme depths. The sale of Bleu Royal solidifies Geneva’s position as the epicenter of the auction world for jewels.

Factuality Level: 8
Factuality Justification: The article provides factual information about the sale of the Bleu Royal diamond at Christie’s in Geneva. It includes details about the diamond’s size, color, and history, as well as the bidding process and final price. The article also mentions other notable items sold at the auction and provides information about the rarity and value of blue diamonds. Overall, the article presents accurate and objective information without any obvious bias or misleading statements.
Noise Level: 3
Noise Justification: The article provides information about the sale of a rare blue diamond at Christie’s auction in Geneva. It includes details about the diamond’s size, color, and history. The article also mentions other notable items sold at the auction. However, the article lacks analysis, scientific rigor, and intellectual honesty. It does not provide any actionable insights or solutions. Overall, the article contains mostly factual information without much depth or critical analysis.
Financial Relevance: Yes
Financial Markets Impacted: The sale of the Bleu Royal diamond at Christie’s in Geneva may impact the luxury jewelry market and potentially the stock prices of high-end jewelry companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to a financial topic as it discusses the sale of a rare and expensive diamond at auction. However, there is no mention of any extreme event.
Public Companies: Christie’s (N/A), Bulgari (N/A), Winston (N/A), Oppenheimer (N/A), Phillips (N/A)
Key People: Rahul Kadakia (Christie’s international head of jewelry)

Reported publicly: www.barrons.com