Rare blue diamond to bring $8.5 million https://blogs.lotterypost.com/truesee/2009/4/rare-blue-diamond-to-bring-85-million.htm truesee's Blog: Rare blue diamond to bring $8.5 million en-us Lottery Post RSS Generator Original Blog Entry: Rare blue diamond to bring $8.5 million https://blogs.lotterypost.com/truesee/2009/4/rare-blue-diamond-to-bring-85-million.htm https://blogs.lotterypost.com/truesee/2009/4/rare-blue-diamond-to-bring-85-million.htm Tue, 21 Apr 2009 09:44:37 GMT truesee Rare blue diamond to bring $8.5 million

April 20, 2009 4:29 pm

A rare, 7.03-carat blue diamond, expected to bring up to $8.5 million at auction, is on display in New York.

Just a little $8.5 million trinket (AP Photo)

Sotheby s New York previewed the vivid blue diamond today which is slightly smaller than a dime and shaped like a cushion. It will be sold in Geneva on May 12.

The conditions that are required to form a colored diamond seldom occur in nature, making them extremely rare. Sotheby s said the gem also was notable for its clarity.

The diamond was unearthed last year in the Cullinan diamond mine, northeast of Pretoria, South Africa. The stone was cut from a 26.58-carat diamond in the rough.

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