On Wednesday, Graff Diamonds set their sights on a 5.30 carat Fancy Deep Blue Diamond by Bulgari..and won. After a competitive and heated 10 minute auction in central London at the Bonham's fine jewellery sale, the rare gem was closed at it's top bid of $1.8 million dollars per carat, for a total price fetch of US $9.54 million.
Right now the researched investor knows, that fancy colored diamonds are a hot ticket tangible investment, toppling paper stock portfolio and real estate returns by whopping 80%-218% returns per year.
Bidder's from the U.S., Middle East, and Europe all took part in the battle of the Prized Blue Diamond with more then 20 phone lines ringing off the hook during the intense auction, but Lawrence Graff took hold of the cushion shaped diamond which is dubbed as being "one of the rarest Diamond colors in the world."
Matthew
Girling, chief executive of Bonhams UK and Europe, said: "It's the loveliest blue diamond I have ever seen."
The ring, thought to have been made in 1965, features the gorgeous cushion-shaped diamond set horizontally.
Bulgari's diamond house and jewel collection has been a favorite of the Hollywood elites since the early 1960's, when the Italian designer broke through. The 5.30 carat 'fancy' blue diamond has been set in a Trombino ring, which is a set of round brilliant cut diamonds around the blue stone and baguette cut diamonds cascading down the shank.
"Blue diamonds are structurally very pure and account for fewer than 1% of all diamonds mined,"
Jean Ghika, director of Bonhams jewellery department for Europe, said: "We are delighted with the price it has made. It was a sensational stone which charmed everyone who viewed it prior to the sale."
Fancy colored diamonds are more rare then white diamonds, for the most part, depending on their saturation in color, and shade of color. Reds, Pinks, and Blues have usually toppled the charts and from the history of these investments in the last 10 years, it looks like Fancy Colored Diamond Investments are here to stay, with the rarity in the gems being something tangible that just simply cannot be re-created easily like a new stock option or piece of a company. For some, they are priceless, for many they are a gem, but for the complete "in the know investor", they are a must among one's portfolio today.
-Daniella Francesco
The ring, thought to have been made in 1965, features the gorgeous cushion-shaped diamond set horizontally.
Bulgari's diamond house and jewel collection has been a favorite of the Hollywood elites since the early 1960's, when the Italian designer broke through. The 5.30 carat 'fancy' blue diamond has been set in a Trombino ring, which is a set of round brilliant cut diamonds around the blue stone and baguette cut diamonds cascading down the shank.
"Blue diamonds are structurally very pure and account for fewer than 1% of all diamonds mined,"
Jean Ghika, director of Bonhams jewellery department for Europe, said: "We are delighted with the price it has made. It was a sensational stone which charmed everyone who viewed it prior to the sale."
Fancy colored diamonds are more rare then white diamonds, for the most part, depending on their saturation in color, and shade of color. Reds, Pinks, and Blues have usually toppled the charts and from the history of these investments in the last 10 years, it looks like Fancy Colored Diamond Investments are here to stay, with the rarity in the gems being something tangible that just simply cannot be re-created easily like a new stock option or piece of a company. For some, they are priceless, for many they are a gem, but for the complete "in the know investor", they are a must among one's portfolio today.
-Daniella Francesco
wow you really know your stuff!!
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