A unique diamond auction

April 21st, 2009 - 3:54 pm ICT by Amrit Rashmisrisethi  

On Monday,the Sotheby’s New York previewed the vivid blue diamond, slightly smaller than a dime and shaped like a cushion. The unique and the rare diamond which is 7.03-carat blue diamond, expected to bring up to US$8.5 million at auction, is on display in New York. On May12, it will be sold in Geneva

The conditions that are required to form a colored diamond seldom occur in nature, making them extremely rare. Sotheby’s said the gem was also notable for its clarity.

The diamond was unearthed last year in the Cullinan diamond mine, northeast of Pretoria, South Africa. The stone was cut from a 26.58-carat diamond in the rough.

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