Christie’s to auction off (yet another) record-breaking blue diamond

Blue diamonds are either really popular or really unpopular right now; it seems like every other week, Christie’s or Sotheby’s is claiming that they are listing yet another one that is more flawless, has more carats and — of course — is worth more money than any diamonds that have come before it.

Well today, that diamond is the Oppenheimer Blue diamond, so-named after its former owner Sir Philip Oppenheimer,  who was a member of the family that controls the De Beers Mining Company. This makes it a BFD because “Sir Philip could have had any diamond he wanted. But he chose this one, with its perfect hue, impeccable proportions and fabulous rectangular shape,” François Curiel, Chairman of Christie’s Asia Pacific and China, said in a statement.

The diamond has 14.62 carats, making it the largest vivid blue auction to ever come to auction. Christie’s estimates it will go for between $38 to $45 million at the auction on May 18 in Geneva, though experts are speculating it may go for even higher than that.

The Blue Moon diamond, which sold to Chinese billionaire Joseph Lau in November, currently holds the record for the most expensive diamond ever sold at auction, at $48.4 million.