Rare ‘Mediterranean Jewel’ Fetches $21.5 Mln at Sotheby’s Auction - Times Kuwait

A blue diamond has gone under the hammer in Geneva, Switzerland. The final price landed at a breathtaking 17.9 million Swiss francs – just over 208 million kronor.

An exceptionally rare blue diamond was auctioned in Geneva on Tuesday night, selling for $21.5 million, the Sotheby’s auction house said. “The Mediterranean Blue,” an elegant 10.3-carat intense blue diamond with an estimated value of $20 million, attracted an intense bidding battle. The bid began at nine million Swiss francs ($10.8 million), with an intense pull and loosening before the diamond was finally sold to an American private collector, …

Rare ‘Mediterranean Jewel’ fetches $21.5 mln at Sotheby’s auction - Times Kuwait

Sotheby’s auction house announced the sale of a rare blue diamond, known as the “Jewel of the Mediterranean,” for $21.5 million during an auction held in Geneva. Weighing 10.3 carats, the diamond had been valued at $20 million. Bidding began at nine million Swiss francs (approximately $10.8 million) and quickly escalated before being acquired by an anonymous American collector for 17.9 million Swiss francs ($21.5 million), according to news agen…

A blue diamond has been sold at auction in Geneva, Switzerland, for 17.9 million Swiss francs – over 220 million kroner.

"The Mediterranean Blue with its 10.3 carat triggered a bitter bidder duel. The diamond went to a private collector from the USA.

The diamond "The Mediterranean Blue" with its 10.3 carat caused a bitter bidder duel.