De Beers Millennium Jewel 4 Sold At Record Price

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Photo: Sotheby's

The De Beers Millennium Jewel 4 is no ordinary diamond. Sure, it’s an extremely rare, fancy vivid blue diamond. It weighs an impressive 10.10 carats. That’s more than enough to be extraordinary, in most people’s books.

But the exquisite gem was also part of what could have gone down in history as the biggest robbery of all time. The De Beers jewel was almost stolen in the failed Millennium Dome raid back in 2000, along with $500 million worth of priceless diamonds.

The De Beers Millennium Jewel 4, set to be auctioned at Sotheby’s Hong Kong this month, has already been sold for a record breaking price of US$31.8 million, a little over initial speculations of about US$30 million.

"Very few gemstones have ever been sold for more than that, and it's setting the record price here in Asia for a gemstone in auction,” said David Bennett, Sotheby's worldwide chairman of the international jewelry division.

The jewel was purchased by an anonymous telephone bidder at Sotheby’s spring sales. The auction reportedly lasted for mere minutes.

Blue diamonds are valued for their extreme rarity, being the second rarest color of all diamonds. 

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