Oppenheimer Blue becomes most expensive diamond sold at auction

This photo taken on May 12, 2016 in Geneva during a press preview by Christies's auction house shows the 'Oppenheimer Blue,' a rare fancy vivid blue diamond weighing 14.62 carat.


The Blue Oppenheimer will be auctioned in Geneva on May 18 with a pre-sale estimate of $38-45 million and could become the most expensive cut diamond in the world, according to the house Christies. / AFP / FABRICE COFFRINI        (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)

A new world record for the most expensive diamond ever to be sold at auction was set yesterday (May18) when the Oppenheimer Blue stone sold at a Christie’s sale in Geneva for $57,541,779 (£39.3m).

This news follows months of striking stones being sold at auction for exceptional prices, however the Oppenheimer Blue is the first diamond to surpass the Blue Moon of Josephine, which sold for £32m at Sotheby’s, Geneva in Nov 2015.

At 14.62 carats, the rectangular-cut Oppenheimer Blue is the largest and best quality blue diamond of its size to ever appear at auction, with a classification of vivid blue. Formerly owned by the world’s most powerful diamond magnate Sir Philip Oppenheimer, it had been estimated to sell for $38-$45m.

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The diamond was acquired after just 25 minutes of bidding. The buyer has not been named.

The Oppenheimer Blue diamond was sold at auction mounted in a platinum band and adorned on either side by a trapeze-shaped diamond.

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