An extremely large blue diamond netted 48.6 million Swiss francs ($48.5 million), setting a new record price for any jewel at auction, Sotheby’s said.
The "Blue Moon" diamond, which weighs 12.03 carats and is set in a ring, was said to be among the largest known fancy vivid blue diamonds. It was the showpiece jewel at Sotheby’s jewelry auction, the Associated Press reported.
The blue diamond was purchased by a Hong Kong private collector and was renamed “The Blue Moon of Josephine,” according to Sotheby’s Twitter account.
The previous record was set by the Graff Pink, which was sold at $46.2 million five years ago.