[miningmx.com] – AUCTIONS of two coloured diamonds in Geneva this week may fetch record prices as interest in so-called ‘fancy’ gems grows, said AFP in an article republished in BDLive.
“The biggest reason is the scarcity of these coloured diamonds,” said Rahul Kadakia, the international head of jewellery at Christie’s. While classic white diamonds once made up the prize lot at jewel sales, “there is a little bit of softness in the white diamond market”, Kadakia is quoted by AFP to have said.
The Sotheby’s blue diamond, which goes under the hammer on Wednesday, has been tipped as a world record-beater, with the auction house listing its projected sale price at $35-$55m. The flawless Blue Moon stone was discovered in South Africa in January.
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