Flawless diamond expected to fetch $36M at auction

De Beers Millennium Jewel 4
De Beers Millennium Jewel 4

The De Beers Millennium Jewel 4 is set to hit the auction block in Hong Kong next month, where it is expected to fetch $36 million. Why such a hefty price tag? Because it’s a whopping 10.10-carat, oval, Internally Flawless, Fancy Vivid blue diamond that was part of the Millennium Jewels collection, according to the Telegraph.

The collection was unveiled by De Beers in 2000 to commemorate the millennium, and displayed at London’s Millennium Dome.

The Millennium Jewel 4, along with the 11 other rare stones, has a fantastic history. It was the target of an attempted jewel heist in November 2000. Thieves planned to raid the exhibition and escape down the Thames in a speedboat, according to the Telegraph taking an estimated $500 million worth of diamonds. However, police caught the gang.

The diamond is set to be auctioned at Sotheby’s Hong Kong on April 5th, and is the largest oval fancy vivid blue diamond ever to appear at auction. However, it is unlikely to surpass the 12.03-carat Blue Moon diamond, which sold to billionaire Hong Kong businessman Joseph Lau for $48.4 million at Sotheby’s Geneva in November – making it the most expensive gemstone ever sold at auction.