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Rare blue diamond sells for record $9.5 million
Reuters ^ | Wed May 13, 2009 | Stephanie Nebehay

Posted on 05/13/2009 9:15:05 PM PDT by nickcarraway

A flawless vivid blue diamond weighing 7.03 carats sold on Tuesday for a record 10.5 million Swiss francs (6.2 million pounds), the highest price paid per carat for any gemstone at auction, Sotheby's said.

The rectangular-shaped blue stone, the rarest to enter the international market this year, went to an anonymous buyer bidding by telephone after hectic bidding see-sawed between two callers for 15 minutes.

It was the centrepiece of its semi-annual sale in Geneva, conducted by David Bennett, chairman of Sotheby's jewellery department in Europe and the Middle East, who said the results showed the market's resilience despite the economic downturn.

"This is already a new world record price for a fancy vivid blue diamond and a new world record per carat for any gemstone (at auction)," Bennett told reporters.

"It is fantastic in this market and shows that these rare things are very much in demand," he said.

(Excerpt) Read more at uk.reuters.com ...


TOPICS: Business/Economy; Hobbies; Miscellaneous
KEYWORDS: bluediamond; diamonds; jewelry; jewels
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1 posted on 05/13/2009 9:15:05 PM PDT by nickcarraway
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To: nickcarraway

2 posted on 05/13/2009 9:20:16 PM PDT by JoeProBono (A closed mouth gathers no feet)
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To: nickcarraway

This thread is worthless without pictures. (If you guys can say it about beautiful women, we female freepers can say it about beautiful gemstones.)


3 posted on 05/13/2009 9:20:26 PM PDT by ottbmare (Ein Reich, ein Volk, ein Obama! (If you're old enough, you'll understand the reference))
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To: ottbmare

4 posted on 05/13/2009 9:22:21 PM PDT by nickcarraway
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To: nickcarraway
gezzzzzzzzzz...I had a whole can of Blue Diamonds for less than 4 bucks...LOL


5 posted on 05/13/2009 9:22:48 PM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: ottbmare

6 posted on 05/13/2009 9:23:51 PM PDT by savedbygrace (You are only leading if someone follows. Otherwise, you just wandered off... [Smokin' Joe])
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To: nickcarraway

That’s a pretty modest setting for that kind of stone.


7 posted on 05/13/2009 9:27:24 PM PDT by Grammy (It amazes me how much someone with character and integrity offends someone without.)
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To: nickcarraway

Nothing I like better than jewelry porn, unless it’s architecture porn! Thanks for posting this.


8 posted on 05/13/2009 9:41:52 PM PDT by ottbmare (Ein Reich, ein Volk, ein Obama! (If you're old enough, you'll understand the reference))
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To: ottbmare

Gun porn ‘s the best.


9 posted on 05/13/2009 9:44:11 PM PDT by MHGinTN (Believing they cannot be deceived, they cannot be convinced when they are deceived.)
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To: nickcarraway

The South African got 25 more just like that one.....in safe keeping.


10 posted on 05/13/2009 9:46:43 PM PDT by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
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To: ottbmare

Well, looking at Jewels isn't immoral.

11 posted on 05/13/2009 9:58:58 PM PDT by nickcarraway
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To: nickcarraway

A blue diamond has one atom of Boron...a yellow diamond has one atom of Benzine.


12 posted on 05/13/2009 9:58:59 PM PDT by skimask (When dealing with people who value death over life, traditional means of deterrence will not work)
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To: nickcarraway

Don’t tell my wife. She thinks I’m going to buy it for her. I want to be the one to tell her that somebody beat me to it, but I was thinking of her.


13 posted on 05/13/2009 10:01:50 PM PDT by MadMax, the Grinning Reaper
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To: nickcarraway

Man, that’s some expensive industrial abrasive...


14 posted on 05/13/2009 10:09:36 PM PDT by Axenolith (Government blows, and that which governs least, blows least...)
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To: nickcarraway; penelopesire; seekthetruth; April Lexington; lilylangtree; OL Hickory; Faith; ...
Guess the economy's not so bad for some. The prices paid for the long list of impressive jewels are incredible.

Video of preview and details

Video of auction

I think I need this set:

Including the tiara ... ;)

15 posted on 05/13/2009 10:36:05 PM PDT by STARWISE (They (LIBS-STILL) think of this WOT as Bush's war, not America's war- Richard Miniter)
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To: Grammy

I think maybe the idea was to let the stone speak for itself -


16 posted on 05/13/2009 10:38:26 PM PDT by TheBattman (Pray for our country...)
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To: nickcarraway

Ha ha, I bet the guy got rooked - it’s really cubic zirconia.


17 posted on 05/13/2009 10:40:07 PM PDT by Freedom4US
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To: Freedom4US

Don’t bet too much ........ ;)


18 posted on 05/13/2009 10:41:41 PM PDT by STARWISE (They (LIBS-STILL) think of this WOT as Bush's war, not America's war- Richard Miniter)
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To: Axenolith
Man, that’s some expensive industrial abrasive...

Ah, but it's got just the right contaminants. LOL!

You can produce much more impressive results in the lab. Example:


19 posted on 05/13/2009 10:47:58 PM PDT by cynwoody
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To: STARWISE
I know you would win, but I'd arm rassel you for them...I alway had a fantasy of have a champagne glass full of cut unset diamonds...I think death will come first... When I was working as St Joseph hospital, on Christmas when Santa came to the cafeteria to ask us all what we wanted for Christmas, I told him a Champagne glass full of unset cut diamonds and he almost lost his beard laughing.
20 posted on 05/13/2009 11:08:09 PM PDT by goat granny
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