Eco-Friendly, Conflict Free, 100% Real Man Made Diamonds
Tuesday, December 14, 2010
What are the most expensive things in the world? Those that are rare to be found, and blue diamonds are just the things.
In May 2009 a rare blue diamond set a record price at Sotheby's auction in Geneva. A magnificent fancy vivid blue diamond gem of 7.03 carat in size was sold in 15 minutes for $9.49 million — the highest price ever paid per carat. A short bidding battle was just a proof that there are diamond lovers for whom the economic downturn is not an obstacle and they are ready to pay a high price to become an honorable owner of a rare sought-after gem.
The previous record was set by a blue stone two years before, in 2007. At that time 6.04 flawless vivid blue diamond was sold for a cool $7.9 million, thus it delivered $1.3 million per carat.
Such a high price for blue diamonds is determined by their paucity in number. Blues are most rare after reds and there are only a handful of them mined in a year, flawless vivid blue are a great luck to be found at all. This fact makes the gems so longed-for and skyrockets their price basically due to their rarity.