Rare Blue Diamond 'The Mediterranean Blue' Auctioned for 19 Million Euros

geneva - A 10.3-carat rare blue diamond, known as 'The Mediterranean Blue', was auctioned in Geneva for 17.9 million Swiss francs to a private collector from the US.

Rare Blue Diamond 'The Mediterranean Blue' Auctioned in Geneva

A unique 10.3-carat blue diamond, named 'The Mediterranean Blue', was recently auctioned in Geneva for 17.9 million Swiss francs. The bidding started at 9 million francs and concluded with a private collector from the US acquiring the gem.

Origin and Features

'The Mediterranean Blue' is a newly discovered gem from the prestigious Cullinan mine in South Africa, renowned for its vivid blue hue. Since its discovery earlier this year, the diamond has garnered significant attention in the international diamond industry.

Record Price

While the sale price is substantial, it does not set a record. The Pink Star, a 59.6-carat diamond, holds the record for the most expensive diamond sold at auction, fetching 71 million dollars in 2017.