Blue Diamond Sells for $26M, Short of Records
Update: 2025-11-11
Description
On November eleventh, the Mellon Blue blue diamond, weighing nearly ten carats, sold for over twenty-six million U.S. dollars at a Christies auction in Switzerland. Despite expectations of a higher price, the gem, named after the late American arts patron Rachel Bunny Mellon, fetched within the estimated range. The sale was impacted by geopolitical tensions and a weaker Chinese economy, leading to a more cautious atmosphere. However, the auction was still deemed a notable moment due to the strong desire for unique and historically significant jewels. The Mellon Blue, once part of Bunny Mellons private collection, is known for its exceptional quality, earning an Fancy Vivid Blue grade and Internally Flawless rating from the Gemological Institute of America. This sale marked the first day of a two-day jewelry event in Geneva, with Sothebys planning to sell a pink diamond, the Glowing Rose, expected to bring in around twenty million dollars.
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