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Oppenheimer Blue Diamond Sold

The 14.62-carat diamond sets a new auction record

GENEVA - 18. May 2016 - A large blue diamond that's known as the Oppenheimer Blue, was sold at a Christie's auction in Geneva for the record price of $50.6 million.

This is a new auction record to date for diamond sales, while the diamond is the largest blue diamond.

Named after its former owner Sir Philip Oppenheimer, a British diamond and gold mining entrepreneur, the diamond weighs 14.62 carats, of emerald cut.

The auction, which lasted 20 minutes, was expected to get $46m for the diamond. The bidding was done over the phone, with the buyer's identity unknown.

This Oppenheimer Blue diamond was auctioned in 2013 at Sotheby's, being sold for $83m at the time. But the buyer defaulted on payment and the diamond was taken back.

Switzerland's capital Geneva
The large Oppenheimer Blue diamond was sold at Christie's auction in Geneva
for a record price of $50.6 million.

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