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'Most important' colored diamond sells for $8.9M

May 16, 2008

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Geneva—A 13.39-carat blue diamond offered at Christie's Geneva recently is being touted as the most important colored diamond ever sold at auction anywhere in the world during the last 10 years, according to the auction house.

The diamond, which sold at Christie's Geneva on May 14, achieved a world-record price of $8.9 million.

"This impressive result is due to the scarcity of colored diamonds on the market, and to the great demand from collectors around the world for exceptional artworks and jewels that is currently dominating the auction world," Francois Curiel, chairman of Christie's Europe and auctioneer of the sale, said in a media release issued on Thursday.
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