Vivid blue diamond to be auctioned at IDE

by eyetee | March 6, 2013 2:27 pm

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A 1.93-carat natural vivid blue diamond is expected to fetch more than $1 million per carat when the gavel falls later this month at the Israel Diamond Exchange (IDE).

In addition to the heart-shaped blue stone, hundreds of other high-quality gemstones and jewellery will go on the auction block. Bids will be submitted in closed envelopes. Organized by Tzoffey’s 1818, the auction is being held at the inaugural U.S./International Diamond Week from March 17 to 20.

“Natural blue diamonds are without doubt the most rare, and therefore, most expensive category among natural colour diamonds,” said Avner Sofiov, owner of the French-Israeli auction house Tzoffey’s.

“In May 2012, a marquise-shaped blue diamond of 2.07 carats sold for $1.85 million, and in November, a briolette-cut stone of 10.48 carats sold for more than $1 million per carat. The quality of this 1.93-carat heart-shaped diamond is higher than the stones sold by Sotheby’s and I am very curious how much this stone will fetch.”

In addition to the Tzoffey’s auction, I Hennig/Fusion Alternatives and the Rapaport Co., will conduct two auctions of polished diamonds, which are being held in addition to rough diamond tenders organized by I Hennig/Fusion Alternatives and Ediamond.

Source URL: https://www.jewellerybusiness.com/news/vivid-blue-diamond-to-be-auctioned-at-ide/

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