Sotheby’s Record £6.25 Million Sale
The Geneva auction for Sotheby’s saw the sale of an incredible diamond – the bright blue cushion shaped diamond from Petra Diamonds. The diamond weighs over 7 carats and is an absolutely flawless gem. No one expected such a high bid for this diamond even though it is a very unique and valuable stone. So the jubilation was so much more than usual.
Petra Diamonds seems to have built up a very great respect among buyers and the trade over the years. They will produce all their targeted production of one million diamonds by the end of June for the current sales year. Right through this period in a bad economic climate, Petra was one of the few companies that did not have to cut down on production from any of its mines. They may have cut the price a bit but they have not cut back on production which is admirable at times like these.
Tags: blue diamond, Diamonds, Petra Diamonds, Sotheby's
