Page last updated at 03:40 GMT, Wednesday, 7 April 2010 04:40 UK

Blue diamond on sale in Hong Kong

By Annemarie Evans
BBC News, Hong Kong

Blue diamond offered for sale
The blue diamond is rare, flawless and 'fancy vivid'

A rare and flawless blue diamond is to be offered for auction in Hong Kong.

The diamond, originally from the De Beers Millennium Collection, is expected to sell for between $4.6m and $5.8m (£3m and £3.8m) at Sotheby's.

It is one of 12 in a collection the diamond company says took decades to put together.

Brought together to celebrate the new millennium, the collection was displayed in London's Millennium Dome in 2000.

An attempt to steal the diamonds was thwarted by Metropolitan police.

The blue pear-shaped diamond is the first piece from that collection to be auctioned, and according to Sotheby's is currently owned by an important private buyer.

The collection has 11 blue diamonds, polished by the Steinmetz Diamond Group.

Out of the 11, nine - including the one up for auction later on Wednesday - are what are called fancy vivid, the highest grade level for a colour diamond.

It is no surprise that Sotheby's has chosen Hong Kong to sell the De Beers Millennium Blue Diamond.

As the Chinese economy grows, buyers have shown an increasing appetite for high-end luxury goods.

Print Sponsor

China billionaires 'second to US'
11 Mar 10 |  Asia-Pacific
Hong Kong flat 'most expensive'
15 Oct 09 |  Asia-Pacific
Little space for Hong Kong's poorest
24 Nov 09 |  Business
Timeline: Hong Kong
11 Dec 10 |  Country profiles
Massive diamond found in Lesotho
21 Sep 08 |  Africa
Diamond handbag? That will be 1m
09 Jun 08 |  Business
Sales of diamonds fail to sparkle
08 Feb 08 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific