5.3-carat Blue Diamond Sells for Record 6.2 Million Pounds

The Telegraph reported that a rare, 5.3-carat blue diamond sold for 6.2 million pounds (about US$9.6 million) at an auction in London, setting a world record. It had been estimated to sell for around 1.5 million pounds.

As quoted in the market news:

The piece of jewellery, made by renowned Italian company Bulgari, fetched $1.8 million per carat (about £1.18 million) – beating the previous record for a blue diamond, which was $1.68 million per carat (approximately £1.05 million).

Click here to read the full report from The Telegraph.