Shirley Temple's Blue Diamond Ring Could Sell for $35 Million

Rapaport reported that Sotheby’s expects to sell a blue diamond ring owned by the late Shirley Temple for $25 to $35 million. The auction house will also soon be selling the De Beers Millennium Jewel 4 at a separate sale in Hong Kong.
As quoted in the market news:

The cushion-cut, 9.54-carat, fancy deep blue, VVS2 diamond ring will be offered at Sotheby’s Magnificent Jewels auction in New York on April 19, according to a statement by the company March 18. The estimated price translates as up to $3.7 million per carat.
The child star’s father bought the ring for her for $7,210 in 1940 around the time of her 12th birthday and the premier of her film The Blue Bird. The film may have inspired him to pick a blue diamond, as colored diamonds were not as popular at the time as they are now, Sotheby’s said.
“It’s remarkable to have one stone illustrate the dramatic shift in attitude towards colored diamonds over the course of the last century,” Gary Schuler, co-chairman of Sotheby’s jewelry division for the Americas, said.

Click here to read the full Rapaport report.