Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Largest fancy vivid blue diamond to be auctioned by Christie’s on May 18

17 may 2016
Christie’s will organize the sale of the Oppenheimer Blue, the largest and finest Fancy Vivid Blue diamond ever offered at auction. The 14.62-carat stone will lead Christie’s auction of Magnificent Jewels in Geneva on May 18. The price of the exceptional blue diamond is estimated at US$38-45 million.
"On May 18th, Christie’s will present the largest and finest Fancy Vivid Blue diamond ever seen. This stunning Fancy Vivid Blue rectangular-cut gem promises to create a media sensation as it travels around the world, fascinating both collectors and gem enthusiasts alike, before it makes its way to the auction block in Geneva", - said Rahul Kadakia, international head of jewellery at Christie’s.
The color of the Oppenheimer Blue is so remarkable that it was graded Fancy Vivid. In blue diamonds, Fancy Vivid specifically describes those that are medium to dark in tone and strong to very strong in saturation. In a past GIA study of 462 blue diamonds, only 1% were Fancy Vivid. Although blue diamonds only account for 0.1 percent of those originating from the Premier mine, a seemingly negligible figure, a rough estimate of global blue diamond production would be less than 0.0001 percent and by some rough diamonds calculations, only one stone in 200,000 rough diamonds mined.
"It is well known that extraordinary skill is required to extract the ‘best’ color from fancy colored diamonds. Achieving the strongest colors in traditional shapes such as the 15-carat Oppenheimer Vivid Blue can only be achieved with a highly saturated intrinsic color of the rough diamond. This blue diamond’s color and clarity combined with its traditional cutting style and provenance is truly exceptional," – claims Tom Moses, executive vice president of GIA.
One of the earliest historic blue diamonds to have appeared for sale at Christie’s was the Idol’s Eye on the 14th July 1865, in the saleroom of Christie’s London, where the catalogue described a ‘splendid large diamond known as the Idol’s Eye set round with 18 smaller brilliant and framework of small brilliants’. It sold for a momentous £740 equivalent to US$86,000 today. In more recent times, very few blue diamonds have been offered for sale. In 2008, Christie’s London presented the Wittelsbach, a cushionshaped Fancy Deep Greyish-Blue diamond which sold for a then record price of US$24.3 million. In 2014, the 13.22 carat Winston Blue diamond realized US$23.7 million at Christie’s Geneva. Given the extreme scarcity of strongly colored blue diamonds of importance sizes, records continue to be broken year after year. In November 2015, a 12 carat Fancy Vivid Blue diamond achieved a staggering US$48.5 million at US$4m per carat.