First De Beers Millenium Jewel up for auction

De Beers millenium blue diamond.

5.16ct pear-shaped flawless fancy vivid blue diamond to fetch £3.8m

A diamond from the De Beers Millenium Jewels Collection will go under the hammer at Sotheby’s Hong Kong in April. This is the first time that any piece from the collection has been available at auction.

The 5.16ct pear-shaped internally flawless fancy vivid blue diamond is expected to fetch up to US$5.8m (£3.8m) at auction. The stone is being sold by a private collector at the sale on April 7 at the Hong Kong Convention and Exhibition Centre.

De Beer’s presented its Millenium Jewels Collection in 2000 to mark the turn of the century. The collection, which took decades to assemble, comprised 12 rare gems all cut and polished by Steinmetz and laser inscribed with a special serial number.

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Sotheby’s Asia deputy chairman and head of jewellery Quek Chin Yeow said: “Sotheby’s boasts a stellar record of being entrusted with the sale of some of the most important fancy vivid blue diamonds in auction history.

“This is an unprecedented opportunity to acquire at auction a gem with this unique historical provenance.”

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