Yesterday (June 9, 2016) the fancy intense “Cullinan Dream” Blue diamond was sold for a tremendous amount at Christie’s in New York. While blue diamonds have fetched high diamond prices, this large blue diamond became the title holder of the largest and most expensive fancy intense blue diamond ever sold at auction, achieving $25.3 million USD.
The 24.18-carat cut-cornered rectangular mixed cut blue gem is set in a platinum ring, flanked with classic baguette-cut diamonds. This blue diamond is nearly 10 carats larger than the previous largest blue diamond ever sold at an auction, the “Oppenheimer Blue” of 14.62-carat.
The diamond price of the “Cullinan Dream” realized the price that is at the lower end of the estimated diamond price since it was estimated to fetch $23- $29 million. During the auction, Mark Cullinan, international jewelry dealer and the great-grandson of Sir Thomas Cullinan was among the audience. Sir Thomas Cullinan was the person who discovered the Petra’s Cullinan Diamond Mine in 1898. This mine is associated with the most significant blue and pink diamonds that are on the diamond market. For example the 10.1-carat “ de Beers Millennium Jewel 4” which was sold in Hong Kong for $31.8 million and the 12.03-carat “Blue Moon” that was sold for $48.4 million.
At the end of the auction, Mark Cullinan shared “My great-grandfather would be delighted to see how one of the newest exceptional blue diamonds from the mine he discovered resonates with top collectors in the market today”.