A uncommon blue diamond valued at $20 million (R390 million) went on pre-auction show on Tuesday in Abu Dhabi, capital of the oil-rich United Arab Emirates.
The ten-carat Mediterranean Blue, which can go on sale in Geneva subsequent month, is the showpiece of a set estimated at $100 million, organisers mentioned.
Lavish jewelry
“Included within the group are the most important flawless diamond on the earth… the second largest crimson diamond recognized to exist and a number of other diamonds over 100 carats,” Sotheby’s public sale home mentioned in a press release.
The chiseled stones have been on show subsequent to lavish jewelry, together with a white-diamond encrusted necklace that includes a 100.26-carat pear-shaped brown diamond pendant.
The blue diamond can be showcased in Taipei, Hong Kong and New York earlier than its exhibition and sale in Geneva in mid-Could.
“On the prime of the rarity pyramid are blue diamonds,” mentioned Quig Bruning, head of jewels for Sotheby’s in North America, Europe and the Center East.
“The Gulf is, in my thoughts, the core of the place the posh market is headed,” he added.
The resource-rich, largely tax-free Gulf, together with the UAE’s commerce and tourism hub Dubai, has lengthy been a magnet for high-net-worth people and the ultra-wealthy.
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By Garrin Lambley © Agence France-Presse
