Blue diamond sells for $25 mn in New York

NEW YORK: A blue diamond from the South African mine known for contributing to nation Crown Jewels sold for quite $25 million in the big apple on weekday, Christie’s aforementioned.

The house aforementioned the Cullinan Dream was the largest Fancy Intense Blue sort diamond to go underneath the hammer ANd was snapped up by an traveler bidder for $25.4 million, as well as premiums
Christie’s aforementioned it’s the biggest of 4 blue diamonds cut from a 122.52 carat rough discovered in 2014 at the Cullinan mine northeast of Pretoria wherever the biggest ever rough diamond was unearthed a century ago.
The mine yielded the 530.20 Cullinan I, that is that the largest polished white diamond breathing and a part of the Crown Jewels housed at the Tower of London.
Thursday’s sale comes weeks when a dazzling blue diamond once owned  by Britain’s late mining magnate Philip oppenheimer fetched a record $57.5 million in Geneva.

Jewel auctions have seen a billowing price of precious stones, because the world’s ultra-rich invest in hard assets as a safeguard against stock exchange volatility.
The Cullinan mine is wherever a three,106-carat diamond was discovered in 1905. it was conferred to nation monarch King edward vii and hack, leading to gems forming a part of nation crown jewels.
They include the Cullinan I within the Queen’s Sceptre and therefore the Cullinan II, that is within the crown that nation monarch wears to the gap of parliament.

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