October 21st, 2010
04:54 PM ET

Diamond sold for $15.7 million sets record price per carat

A rare, two-stone ring set a new record price per carat for a blue diamond at auction when it sold for $15.7 million to an Asian collector, Christie's auction house said.

The Bvlgari Blue Diamond, a ring designed in the 1970s, was expected to fetch around $12 million at an auction Wednesday in New York, owing to the rarity and size.

Featuring a triangular-shaped Fancy Vivid blue diamond of 10.95 carats - paired with triangular-shaped colorless diamond of 9.87 carats - it was the largest triangular-shaped Fancy Vivid blue diamond ever to appear at auction, Christie's said.

After a trading bets on the phone in increments of $500,000 with a European collector, an Asian collector secured the piece for $15,762,500 with premium.

Fancy Vivid blue diamonds are among the rarest and most sought-after of colored diamonds, as only one in about 10 million possess a color pure enough to qualify as “Fancy Vivid,” according to Christie's.

The piece was the final jewel offered up in the 447-item auction, which brought in $52.5 million, Christie's said.

The Bvlgari Blue came from a private European collector who bought the ring at Bvlgari's flagship boutique in Rome, Italy, in 1972 for his wife to celebrate the birth of their first child, Christie's said.

Its final sale price in 1972 was about $1 million.

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Filed under: Auctions
soundoff (30 Responses)
  1. Mehdi General Dr Bad


    October 21, 2010 at 6:32 pm | Report abuse |
  2. Mehdi General Dr Bad


    October 21, 2010 at 6:35 pm | Report abuse |
  3. Mehdi General Dr Bad


    October 21, 2010 at 6:37 pm | Report abuse |
  4. Rosemary

    CNN pleae moniter the comments that u r allowing 2 b posted. I feel a lwsuit arrising Racial slurs? Wat is that about?

    October 21, 2010 at 7:15 pm | Report abuse |
  5. Rosemary

    CNN please moniter the comments that u r allowing 2 b posted. I feel a lawsuit arrising Racial slurs? Wat is that about?

    October 21, 2010 at 7:19 pm | Report abuse |
  6. kim

    Whoever brought that ring could careless what you jealous lowlife racist idiot think or feel an the only way any of you will ever come close 2 that ring is that picture. Reality check some people really are wasting air by breathing...

    October 21, 2010 at 7:42 pm | Report abuse |
  7. kim

    Why are they allowing the n word is this blog racist not only do i think your racist that ring is ugly junk no black person would take a second look to steal ugly big piece of ugly crap junk its not a pretty piece!

    October 21, 2010 at 8:45 pm | Report abuse |
  8. Gilbert

    I don't like green eggs and ham. I will hire any clock repairman in Tucson, AZ, for Viki. No, I would not eat green eggs and ham.

    October 21, 2010 at 9:50 pm | Report abuse |
  9. MichelleZ

    That ring is so beautiful it takes my breath away...

    October 22, 2010 at 12:08 am | Report abuse |
  10. Tax Payer

    Of course an Asian bought it, probably with her corporation's money that was made/saved by not having to pay taxes in good 'ol Los Angeles California USA.

    October 22, 2010 at 3:18 am | Report abuse |
  11. Zarre

    CNN pleeease raise the standard for accetable comments. Everyone has a right to an opinion but why match the rude behavior of the one you are complaining about? Come on people, raise your own standards of behavior. So many reasons to hate only creates so many reasons to hate, get it??

    October 22, 2010 at 2:05 pm | Report abuse |
  12. jeff

    Political correctness is killing america the only thing you can say bad and not get in trouble for is a racist comment about.christans or white males.

    October 22, 2010 at 5:41 pm | Report abuse |
  13. appliance repair Glendale

    Bedankt voor het samen te vatten zo goed. Ik denk dat ik hier terugkeer vaak. Met vriendelijke groet.

    April 27, 2011 at 8:59 am | Report abuse |
  14. canon eos 600d kit

    Aku terkesan! Benar-benar informatif blog teman saya posting di sini. Saya hanya ingin memberikan komentar & mengatakan menjaga kualitas kerja.

    November 16, 2011 at 11:47 am | Report abuse |
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