The Worlds Most Valuable Diamond

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The Worlds Most Valuable Diamond

Postby Administrator » Tue Sep 02, 2008 4:28 pm

A rare and flawless blue diamond recently set a record as the most expensive precious jewel of its kind ever sold. The diamond, which is 6.04 carats and sparkles with an unusual blue hue, is almost as breathtaking as the price it fetched at a Sotheby's auction in Hong Kong. It went for just under 8 million dollars.

Blue diamonds are rare but not unheard of and the ones in spectacular condition almost always fetch a huge price. Despite this sale, the most famous remains the Hope Diamond, a 45.52 carat diamond that has been owned by everyone from King Louis XIV of France to a rich socialite named Evalyn Walsh McLean. It's the largest gemstone of its kind ever found and now resides in the Smithsonian Institute in Washington, D.C.

The new record holder for price isn't quite as large, this is because it's all in the quality of the cut and the "fancy vivid blue hue", a result of trace amounts of an element called boron in its crystal structure. That makes it worth about 10 times what a regular white diamond would bring.
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