What recession? The Wittlesbach Diamond, an historical 17th century cushion cut deep grayish blue, VS-2 diamond of 35.56 carats sold for $24,311,190.00at Christie’s in London on December 10, 2011, setting a new world record for a diamond as well as ANY piece of jewelry sold at auction!! It blew past the previous record of $16.5 million for an one hundred carat diamond sold in 1993 in Geneva. The buyer was Graff Diamonds.
Granted, the Wittelsbach isn’t just any diamond. It has it all – provenance, beauty and rarity. Deep colors are rare. Blues are rarer still. Its color is reminiscent of the world’s most famous gem, the Hope Diamond.