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    Apr 06

    952313_gavelWho is going to land the pear-shaped, fancy blue, diamond on auction at Sotheby’s this month? Blue diamonds are favorites with diamond collectors, and this diamond also is in a setting that rivals any celebrity diamond rings in the potential nuptial news of the jet set crowd. One can just imagine the people who are going to attend this auction. It’s not just diamond merchants, but potentially anyone rich enough to buy the bauble to present it to someone in a very special marriage proposal.

    What’s it worth?

    This diamond has a unique pedigree in that it was part of the DeBeer’s Millennium collection. That collection only had 12 gems in all in it, and it took several decades to assemble. It is 5.16 carats in weight and an exceptional fancy vivid blue in color. The shape, a coveted pear-shape diamond, is in demand for engagement rings right now, too. Sotheby’s is estimating the ring might go easily for 4.6 to 5.8 million dollars. In comparison, a prior cushion-cut diamond, of the same vivid blue, sold for 9.48 million dollars at Sotheby’s in Geneva in May 2009.

    Where the Auction Is Being Held

    Sotheby’s is holding the auction in Hong Kong, China. China is emerging as a major player in the diamond market, amongst other worldwide commodities. Many buyers in China looking for investments prize diamonds as part of their portfolios. Also, China’s economy has not been hurt as much by the current recession, putting them in a better position to buy than other countries. The auction will be held at the Sotheby’s jewels and jadeite spring sale, 2010, on April 7th.

    Public Fascination with Fancy-Colored Diamonds

    Ever since Jennifer Lopez received a pink diamond ring from Ben Affleck, fancy-colored diamonds have been very, very, hot! Pink has romantic overtones, but blues are highly prized and very rare. They are rarest gems, in fact, due to the fact that the color is only apparent due to tiny traces of boron when the diamond forms. To get a natural, fancy-blue, diamond is really a catch! Where will news about this diamond turn up next, on the cover of celebrity magazines announcing an engagement?

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