A rare fancy intense blue diamond has been recently sold for $8.78 million at a Geneva jewelry auction. The 13.39 carat rectangular stone is said to be the largest blue diamond graded at fancy intense to be put on the auction block. The strong exigence for colored and colorless diamonds as well as record-setting prices in 2007 has pushed the demand for these rare stones.

It is very rare to see a stone of this intense blue color over 10 carats. The stone, mounted in a ring with pink diamonds, was the prize lot at this years auction. Also present at this years auction was a flawless heart shaped vivid yellow diamond weighing in at 21.4 carats and an ornate emerald necklace featuring diamonds and natural pearls.

This entry was posted on Friday, May 16th, 2008 at 6:37 am and is filed under Diamond News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.