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Blue diamond sells for record US$50.6m

Recent spate of eye-popping bids at jewel auctions highlights surging value of gems

Published Thu, May 19, 2016 · 09:50 PM

Geneva

A DAZZLING blue diamond once owned by mining magnate Philip Oppenheimer fetched a record US$50.6 million at auction in Geneva on Wednesday, auction house Christie's said.

The 14.62 carat Oppenheimer Blue is the largest stone in the exceptionally rare Fancy Vivid Blue category ever to go under the hammer, according to Christie's.

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Blue diamond sells for record US$50.6m

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