Fancy Blue Diamond Goes Through the Roof

Did somebody say recession? Apparently no one told that to the buyers at Sotheby’s spring gem sale this week. The lineup of fancy colored diamonds included a 3 1/2 carat marquise-cut blue diamond in a platinum ring setting by Tiffany & Co.

Tiffany Fancy Blue DiamondThe turn-of-the-century prize stole the show, shattering the auction estimate of half a million dollars by 500% – and setting the record for a fancy blue diamond at a modest $2.5 million!

So what do we think? This piece had all the right stuff:

  • Good diamonds are always in high demand and there are more discriminating buyers than ever
  • Colored diamonds are all the rage, from celebrities to the Main Street buyer
  • Pastel colored gems – especially blues – are one of the year’s strongest fashion trends
  • Vintage is hot! The classy antique look is here to stay

So, what’s not to love?

Fancy yellow diamond

Also on offer were fancy yellow and pink diamonds; vintage emerald-cut diamonds; and designer necklaces and pearls. Nearly all of the items sold for more than their appraised value, making this spring sale the biggest haul ever for the renowned auction house.

Graf necklaceImages: Blouin – Rock On! Christie’s and Sotheby’s Notch Record Spring Jewelry Sales (with photo gallery)

National Jeweler: Sotheby’s sees highest total for spring sale in NY

Read more about this year’s jewelry fashion trends…

Did you know?

Faye’s carries fancy colored diamonds! As a Forever 10 diamond dealer, a broker of Antwerp diamonds, and an IJO master jeweler (named “Best Family Diamond Store” by IJO Jewelers), we not only hand-select our stones from the best inventories in the world, Faye's Diamond Mine - Yellow Diamondbut we’re passionate about helping you choose the perfect diamond. We can even help you create a custom-designed setting for your diamond!

Stop by our store or search our diamond inventory to see our collection of fancy cut and colored stones.

Prefer a ready-made piece? We have a fine array of colored diamond necklaces and other jewelry. Let us show you our collection!