EXTRAORDINARY 'Blue-Grey' DIAMOND Could Sell For $10 MILLION!!!!!!!

by **J The Kidd** Mon Nov 03, 2008 10:15 pm

While the largest D-color flawless diamond went for nearly $8 million at the Sotheby’s last year, Christie’s might see a diamond being sold out for as much as $10 million when it goes on sale in London on December 10.

This extraordinary blue-grey diamond was given to Infanta Margarita Teresa by her father King Philip IV of Spain. This girl was the portrayed in Las Meninas, the famed painting by Spaniard Diego Velázquez. The Wittelsbach diamond is said to be originated from the Indian diamond mines.

It was then passed into the Austrian and then Bavarian crown jewels, before being sold into individual hands in 1931. This stunning 35.56 carat gem is almost an inch across and is the star lot in Christie’s auction Jewels: The London Sale. Earlier, a 13.39 carat diamond, just a third of the size of the Wittelsbach diamond, was auctioned for $5.5 million at Christie’s in the month of May.

While everybody is talking about financial meltdown, it’s good to see auction houses really setting new records.