"Art collector Rachel Lambert "Bunny" Mellon's blue diamond pendant, known as the Mellon Blue, has sold for $25.5 million on Tuesday at Christie's Magnificent Jewels auction, held at the Four Seasons Hotel des Bergues in Geneva. The price achieved today is 22 percent less than what the diamond sold for 11 years ago. Adjusted for inflation, it's a drop of nearly 60 percent in value."
"The 9.51-carat fancy vivid blue, internally flawless pear-shaped diamond, which Christie's had given a pre-sale estimate of $20-30 million, last sold at auction in 2014 as part of Sotheby's sale of Mellon's collection, where it made $32.6 million, more than double its high estimate of $15 million. (Adjusted for inflation that $32.6 million would be around $44.7 million in 2025.)"
The Mellon Blue, a 9.51-carat fancy vivid blue, internally flawless pear-shaped diamond, sold for $25.5 million at Christie's Magnificent Jewels auction at the Four Seasons Hotel des Bergues in Geneva. Christie's had estimated the pendant at $20–30 million. The price is 22 percent lower than its 2014 auction result of $32.6 million and nearly 60 percent lower after inflation adjustments; the 2014 price would equate to about $44.7 million in 2025. The pendant previously set a world auction record when sold in 2014 to an unidentified Hong Kong collector. Larger blue-diamond records were later set by the Oppenheimer Blue and the De Beers Cullinan Blue.
Read at ARTnews.com
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