All you need to know about the Million-Dollar Blue Diamond that's to be auctioned

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It is no secret that blue diamonds are one of the hottest gems in the auction market, with the previous year’s world record smashing gems often reaching millions of dollars in its sale. In fact, of all the diamonds auctioned in 2016, the two that topped our list were blue diamonds. The unusual cut, 14.62 carat Oppenheimer Blue smashed pre-sale estimates by more than 20 percent, selling for at an astounding US$57.5 million.

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This year, the latest star-to-be finds its place in a stunning, 3.23-carat natural fancy blue diamond, set on a platinum ring. According to the Gemological Institute of America, the glistening gem comes with a SI2 rating, which means it has very slight inclusions that can be observable to the naked eye, though only after close inspection. Flanked by two round white diamonds, the gorgeous gem will make one of the highlights at the upcoming Heritage’s Beverly Hills Fine Jewelry auction.

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Pre-sale estimates for the ring currently stand at US$900,000 – US$1.2 million, as the auction prepares ahead of its September 25 opening. The ring will be joined by two other impressive coloured diamonds, including a 5.04 carat cushion-shaped fancy intense pink diamond with a purplish hue, set on platinum ring with a bullet-shaped diamond on each side, estimated to sell for above US$100,000. The other ring boasts a stunning, 10.45 carat oval modified brilliant-cut fancy yellow diamond, flanked by two diamonds weighing about 1 carat in total. Mounted on 18k gold, the ring is estimated to sell for approximately US$40,000 – $70,000.

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Images: Heritage Auctions

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