300 Years Of Historical Blue Diamond Is Finally Out In Auction

Discovering an unknown historical diamond such as the Farnese Blue happens once in a lifetime. Apart from its beauty, the stone symbolizes 300 years of history. It has traveled around Europe during these three centuries.

And all this time, it was hidden away in a royal jewelry box. Except for close relatives, and of course the family jewelers, no one knew about its existence. Now this stone was sold at auction in Geneva.

The Farnese Blue was given as a wedding present to Elizabeth Farnese, daughter of the Duke of Parma when she married Philip V of Spain in 1715.

Wedding Present To Elizabeth Farnese When She Married To Philip

Source: .ndtv.

Originating from the Golconda mines in southern India, the fancy dark grey-blue diamond takes its name from the second wife of King Philip V of Spain, Elisabeth Farnese.

It then passed down through the generations, moving from Spain to France, Italy and Austria.

Blue has often been identified as the colour of kings, and in the 17th and 18th centuries, blue diamonds were viewed as the ultimate royal gift.

Like the famous Hope and Wittelsbach diamonds, the Farnese Blue was certainly found in the famed Golconda mines of India, which was the sole source of diamonds until the discoveries in Brazil in the 1720s.

The Farnese Blue diamond, which was passed down through European royal families for 300 years, sold at auction in Geneva on Tuesday for 6.7 million.

The Farnese Blue Diamond

Source: thehindu

The historic diamond was exhibited in London, New York, Singapore and Taipei, before arriving in Geneva ahead of yesterday evening’s auction. The winning bid, made by an as-yet-unidentified buyer, exceeded pre-sale estimates, which had valued the item at between $3.7 and $5.3 million.

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 $9.2 million, and a 50.39-carat oval diamond ring that went for $8.1 million.

Sotheby’s jewellery specialist, Daniela Mascettie says that they were expecting a good result, but they started from US$3.5m and ended up with US$6.7m.

“Good jewels, well-designed, well-made, with a signature, with a perfect… slot in time, in age, do very well,” Mascetti told the news reporter.

Finally, this precious stone has now in the hands of Geneva.

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