Latest news with #JessicaWyndham
Time of India
12-05-2025
- Business
- Time of India
$20 million ‘Mediterranean Blue Diamond' ready to wow at Sotheby's Geneva auction on May 13
Source: Reuters Sotheby's auction house in Geneva on May 8, 2025, unveiled the breathtaking 10-carat " Mediterranean Blue Diamond ," which is expected to set a record $20 million price at auction later this month. The diamond has made a name for itself because of its incredible size and extraordinary color, fascinating collectors, investors, and gem enthusiasts globally. With anticipation building leading up to the sale, the diamond remains top international news, further increasing its mystique. Its arrival has created strong interest, highlighting the increasing demand for rare and valuable gemstones in the luxury market. Rare blue diamond set to command $20 million as global interest peaks The Mediterranean Blue Diamond is a 10-carat cushion-cut blue diamond that resides in South Africa, a nation that is reputed to produce some of the world's most beautiful diamonds. The diamond is a "fancy vivid blue" diamond, so much so that it is noted as having a dark, rich, and very highly prized color. Blue diamonds, particularly "fancy vivid" blue diamonds, are internationally famous as being extremely scarce and wonderfully different. The Mediterranean Blue Diamond is rare not only due to size but also because of the integrity of the color, which happens to be among the bluest in the entire world. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo The hue of these diamonds comes as a result of the presence of the trace element boron, which colors the crystal lattice its vivid blue hue. This unusual property renders this diamond highly in demand among top-tier jewelry investors and collectors within the market. The international market for fancy-color diamonds has expanded exponentially in recent years, and blue diamonds, as rare and precious as they are, are one of the most desirable categories. Sotheby's Jessica Wyndham reported the reversal of market trend: "The coloured diamond market is going from strength to strength." Strong demand is being driven by a wide range of reasons that vary from increasingly affluent collectors seeking diversification to increasing demand for exotic and unusual gemstones. Wyndham also demonstrated her belief in the value of the Mediterranean Blue Diamond, which will command around $20 million, a sum both establishing the singular quality of the stone as well as the state of the prevailing market. The diamond will most probably be best selling to further solidify the blue diamond as a high-profit-making and strongly desired investment option for luxury consumers. Mediterranean blue diamond joins the ranks of record-breaking colored gems Blue Diamond Mediterranean is not the first of its kind to be made to sell at auction. The highest price paid for a deep blue diamond was achieved in 2016 when a very fine blue diamond sold for 56.8 million Swiss francs ($68.7 million) in a Christie's sale in Geneva. The sale was a landmark for the market in coloured diamonds, being the growing value of the category. With comparison to its erstwhile counterpart, which had once been sold for a higher amount, the Mediterranean Blue Diamond truly deserves every amount for the value that it can deliver. With the ever-climbing tendency of colored diamond values, such an assurance provides that demand surpasses supply and thus future bidding interest remains heightened even more. Mediterranean blue diamond headlines Sotheby's exclusive Geneva auction Mediterranean Blue Diamond is at the helm of Sotheby's high-jewelry auction that is to take place live in Geneva on May 13. Mandarin Oriental Hotel sale will present an interesting array of rare and valuable gemstones like diamonds, coloured stones, and other high jewellery items. The sale is evidence of rising interest in coloured gemstones with lots like the Mediterranean Blue Diamond turning out to be the sale's crown jewel. Before it happened, the auction, that is, Sotheby's revealed the collection to the collectors and the press first and more intensely researched the gems going to auction. This time around, only a selective number of buyers, ranging from individual collectors to investors wanting to scoop up a unique and valuable piece or two, will populate the auction hall. Also Read | 'Maa to maa hoti hai!' Photographer's two-hour wait captures heartwarming moment of mother bird feeding her chicks | Watch
Observer
11-05-2025
- Business
- Observer
'Mediterranean Blue Diamond' could fetch $20 million at auction
A 10-carat blue diamond which could fetch $20 million when it goes under the hammer later this month was presented by auction house Sotheby's in Geneva on Thursday. The cushion-shaped piece, known as the "Mediterranean Blue Diamond," was mined in South Africa and displayed a rare colour that qualified as fancy vivid blue, Sotheby's said. "The market for coloured diamonds continues to go from strength to strength," said Jessica Wyndham of Sotheby's, added that she expected a price in the region of $20 million. In 2016, another vivid blue diamond sold for 56.8 million Swiss francs ($68.7 million) at a Christie's auction in Geneva. Sotheby's high jewellery collection, which includes other coloured gemstones, was presented to journalists in Geneva ahead of a live auction scheduled for May 13 at the Mandarin Oriental Hotel. The Mediterranean Blue Diamond's allure stems from its stunning, vibrant blue color and rarity. Known for its captivating hue, the diamond is among the rarest fancy colored diamonds, making it highly sought after by collectors and investors alike. Its large size, high clarity, and exceptional cut further elevate its status in the luxury jewelry market. Blue diamonds have long symbolized prestige and exclusivity, and the Mediterranean Blue variant is no exception. With limited availability and unparalleled beauty, this gemstone continues to command premium prices and remains a coveted treasure in the world of fine jewelry. —Reuters
Business Recorder
09-05-2025
- Business
- Business Recorder
‘Mediterranean Blue Diamond' could fetch $20 million at auction
GENEVA: A 10-carat blue diamond which could fetch $20 million when it goes under the hammer later this month was presented by auction house Sotheby's in Geneva on Thursday. The cushion-shaped piece, known as the 'Mediterranean Blue Diamond,' was mined in South Africa and displayed a rare colour that qualified as fancy vivid blue, Sotheby's said. 'The market for coloured diamonds continues to go from strength to strength,' said Jessica Wyndham of Sotheby's, added that she expected a price in the region of $20 million. In 2016, another vivid blue diamond sold for 56.8 million Swiss francs ($68.7 million) at a Christie's auction in Geneva. Sotheby's high jewellery collection, which includes other coloured gemstones, was presented to journalists in Geneva ahead of a live auction scheduled for May 13 at the Mandarin Oriental Hotel.
TimesLIVE
09-05-2025
- Business
- TimesLIVE
‘Mediterranean Blue Diamond' could fetch $20m at auction
A 10-carat blue diamond which could fetch $20m (R365m) when it goes under the hammer was presented by auction house Sotheby's in Geneva, Switzerland on Thursday. The cushion-shaped piece, known as the "Mediterranean Blue Diamond", was mined at Cullinan in SA and displayed a rare colour that qualified as fancy vivid blue, Sotheby's said. "The market for coloured diamonds continues to go from strength to strength," said Jessica Wyndham of Sotheby's, adding she expected a price in the region of $2m. In 2016, another vivid blue diamond sold for 56.8 million Swiss francs (R1.2-trillion) at a Christie's auction in Geneva. Sotheby's high jewellery collection, which includes other coloured gemstones, was presented to journalists in Geneva ahead of a live auction scheduled for May 13 at the Mandarin Oriental Hotel.
AsiaOne
09-05-2025
- Business
- AsiaOne
'Mediterranean Blue Diamond' could fetch $26 million at auction, World News
GENEVA -A 10-carat blue diamond which could fetch $20 million (S$26 million) when it goes under the hammer later this month was presented by auction house Sotheby's in Geneva on Thursday (May 8). The cushion-shaped piece, known as the "Mediterranean Blue Diamond," was mined in South Africa and displayed a rare colour that qualified as fancy vivid blue, Sotheby's said. "The market for coloured diamonds continues to go from strength to strength," said Jessica Wyndham of Sotheby's, added that she expected a price in the region of $20 million. In 2016, another vivid blue diamond sold for 56.8 million Swiss francs (S$88.7 million) at a Christie's auction in Geneva. Sotheby's high jewellery collection, which includes other coloured gemstones, was presented to journalists in Geneva ahead of a live auction scheduled for May 13 at the Mandarin Oriental Hotel. [[nid:709111]]
