Flawless $7.8M Blue Diamond
Going Like Sixty — October 10, 2007 — Fashion
References: luxist
The price per carat for this gorgeous diamond came in at $1.32 million when the gavel fell at Sothebys. The 6.04 carat diamond color is called Fancy Vivid Blue and has flawless clarity. It was set in a platinum ring with two white emerald cut diamonds on either side and sold for $7.8 million in Hong Kong. The diamond was purchased by Moussaieff Jewelers for their collection of rare gemstones.
The previous record for a diamond called the Hancock Red was a little over $900,000 per carat back in 1987.
The previous record for a diamond called the Hancock Red was a little over $900,000 per carat back in 1987.
Trend Themes
1. Ultra-luxury Gems - An opportunity exists for designers and jewelers to create elegant and sophisticated pieces with unique and top-quality gemstones.
2. Flawless Diamonds - A disruptive innovation opportunity could be to develop technology and processes that could increase the production and availability of flawless diamonds at a lower cost.
3. Record-breaking Auctions - With an increasing demand for luxury goods, auction houses can seize the opportunity to generate new revenue streams by organizing more auctions of rare and unique items.
Industry Implications
1. Jewelry - The jewelry industry will continue to flourish as people look for artisanal and luxurious pieces to showcase their wealth and status.
2. Mining - Mining companies can focus on finding new and unique diamond deposits that could potentially yield more profitable gemstones for the ultra-luxury market.
3. Auction Houses - The auction industry can leverage technology and digital platforms to reach a larger audience, allowing people from all over the world to participate in bidding on rare and unique items.
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