An extremely rare blue diamond with 300 years of royal history was sold at an auction for $6.7

BY DUMEBI ONYEMAECHI

An extremely rare blue diamond with 300 years of royal history was sold for a record breaking price of $6.7 million. The royal blue gem that was part of royal heritage up until now, made it to its first public sale and was traded within minutes in Geneva this week.

The ‘Farnese blue’ as it was called, was originally owned by Elizabeth Farnese, daughter of the Duke of Parma, who earned it as a wedding gift on marrying Philip V of Spain in 1715. It was later handed down through generations from Spain to France, Italy and Austria, but was always kept as a well-guarded royal secret. The exotic blue gem was taken away within four minutes of bidding for almost double its initial estimate of $3.5m-$5m. Extracted from the famous Golconda mine of India, the 6.1 carat beauty is also once said to have been part of a tiara owned by French Queen Marie Antoinette.

 

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