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Rare Farnese blue diamond from Golconda mines sold for USD 6.7 million

Press Trust of India  |  London 

A rare pear-shaped blue diamond, originating from the Golconda mines in India, passed between Europe's royal houses for more than 300 years, has been sold at auction for a whopping USD 6.7 million.

Known as the Farnese Blue, the 6.16-carat jewel surpassed pre-auction estimates after going under the hammer yesterday for the first time at

The fancy dark grey-blue takes its name from the second wife of of Spain, Elisabeth Farnese, who received it as a wedding gift in 1715.

Over the next three centuries, the jewel was passed down to through generations of her descendants, which -- due to marriages between European houses -- saw it join the royal families of France, and

The historic was exhibited in London, New York, and Taipei, before arriving in ahead of yesterday's auction, reported.

The winning bid, made by an as-yet-unidentified buyer, exceeded pre-sale estimates, which had valued the item at between USD 3.7 and USD 5.3 million, it said.

Speaking after the sale, Daniela Mascetti, Deputy Chairman, Jewellery and Senior International Specialist, said: "The Farnese Blue is quite simply an unforgettable diamond, and everyone who set their eyes on it was mesmerised by its extraordinary colour: the rich blue of the deepest ocean.

"As was evidenced by the competition between bidders, the response from collectors has matched our own excitement for this diamond," Mascetti said.

At one point in history, the Farnese Blue is thought to have appeared on a tiara belonging to Marie Antoinette.

The diamond was one of a number of high-profile jewels featured in yesterday's auction. Among them was a round diamond ring, weighing 51.71 carats, that sold for USD 9.2 million, and a 50.39-carat oval diamond ring that went for USD 8.1 million.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 20:20 IST