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. Anonymous

    Why buy something that costs 15.7 mil. RING?!...

    October 21, 2010 at 5:40 pm | Report abuse |
    • Gem guy

      Cause, in 1972 it was worth 1 mil, in 2010 15 mil and most likely 50 mil in the years to come

      October 21, 2010 at 6:58 pm | Report abuse |
  2. k

    or hopefully get sho.t in the process

    October 21, 2010 at 6:04 pm | Report abuse |
  3. Mehdi General Dr Bad

    im going dnw memory lane. im in 1983 right now looking at regan and bush.

    October 21, 2010 at 6:19 pm | Report abuse |
  4. Mehdi General Dr Bad

    im in 1993 looking at bill and hillary clinton.

    October 21, 2010 at 6:19 pm | Report abuse |
  5. Mehdi General Dr Bad

    as you see americans are all selfish lying cowarldy lazy pigs.

    October 21, 2010 at 6:20 pm | Report abuse |
  6. Mehdi General Dr Bad

    Where is Amry Nurse Deborah Chrisitne D'angelo from New Jeresy?

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

    who told hillary and bill clinton my name and on what date.

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

    If YOU ahve question about 1983 and Reagan bush etc,
    Go ask your f.b.i and them and my ex wife American_brit: Anna Katheryn Elizebeth Dudash Shaw in Vancover washoington.

    October 21, 2010 at 6:23 pm | Report abuse |
  9. Mehdi General Dr Bad

    if you want to know anyhting about hillary clinton and bill clinton go ask Barabara Jenete Jacobson Shaw . She Workd for Jacksosn County Oregon who i am also not happy with andonly starting on,,

    October 21, 2010 at 6:24 pm | Report abuse |
  10. Mehdi General Dr Bad

    HIllary and bill clinton are bought and paid for arab – jew -massod agents.
    how manmy hundreds of millsion have they takin now?

    October 21, 2010 at 6:25 pm | Report abuse |
  11. Mehdi General Dr Bad

    who told Glen Beck to put out an a.p.b. on me which is STILL standing? I want the name.

    October 21, 2010 at 6:26 pm | Report abuse |
  12. Mehdi General Dr Bad

    do YOU see anyone on c.n.n or time warner taking it off of me? no of course not.
    and you hope I die.

    October 21, 2010 at 6:27 pm | Report abuse |
  13. Mehdi General Dr Bad

    want some shiny rocks stupid cave woman?

    October 21, 2010 at 6:27 pm | Report abuse |
  14. Mehdi General Dr Bad

    JohnnyR

    Shame some nig­ger will come along and steal it.

    October 21, 2010 at 4:57 pm | Report abuse | Reply

    October 21, 2010 at 6:28 pm | Report abuse |
  15. Mehdi General Dr Bad

    http://www.youtube.com/watch?v=H_kUFh1MZhE

    October 21, 2010 at 6:30 pm | Report abuse |
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