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

Japan's economy slows to snail's pace as exports falter

Aug 15, 2016

Japan's economy slows in the April-June quarter, as weaker exports and business investment weigh on the faltering recovery of the world's third-largest economy

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

Dominican leader assumes 2nd term, pledges tech revolution

Aug 16, 2016

The president of the Dominican Republic has been sworn in for a second term as leader of the country boasting the best economic grown in Latin America and the Caribbean

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