Top 3 diamonds fetch $24.1M at Sotheby's auction in Geneva

GENEVA — Sotheby's says two white diamond rings have sold for a combined $17.4 million at a Geneva auction, while a blue diamond given to the queen of Spain over three centuries ago brought over $6.7 million.

All three topped pre-sale estimates Tuesday. None of the buyers were identified by name.

The Farnese Blue is a 6.16-carat, pear-shaped blue diamond given in 1715 to Elisabeth Farnese, wife of King Philip V of Spain. It appeared at auction for the first time after being passed down through royal families in Spain, France, Italy and Austria. It had been expected to fetch $3.7 million-$5.3 million.

Sotheby's spring sale also included two D-color white diamonds discovered in Botswana. A 51.7-carat round-cut diamond ring sold for $9.2 million. A 50.4-carat oval-cut diamond went for $8.1 million.

Must Read

Fidel Castro thanks Cuba, criticizes Obama, on 90th birthday

Aug 14, 2016

Fidel Castro thanked Cubans for their well-wishes on his 90th birthday and criticized President Barack Obama in a lengthy letter published in state media

Great Lakes no help for a struggling Trump on road to 270

Aug 15, 2016

Donald Trump needs a place to reset the electoral map, and he seems to be looking at the industrial heartland states on the Great Lakes.

Home Depot rides housing boom to record sales, profit

Aug 16, 2016

Home Depot posted record sales and earnings during its second quarter and raised its profit expectations for the year as housing market continues to warm up

Search

Obserworld delivers the most accurate and up-to-date world news for the global audience with a thorough research and in-depth interviews. Discover the world through Obserworld.

Contact us: sales[at]obserworld.com