Rare Blue Diamond Sets New Record

You are looking at one expensive stone, a 6.04 carat diamond that is Fancy Vivid Blue color and has Internally Flawless clarity. The stone sold in a platinum ring where it is flanked by two white emerald-cut diamonds for a grand total of $7.98 million at the Sotheby's Hong Kong auction. For comparison purposes, a 7.01 round white diamond from Blue Nile with G color and and IF clarity is listed at $386,927. The price is a new record to price per carat, a whopping $1.32 million which beats the previous record for a diamond known as the "Hancock Red" that fetched just over $900,000 per carat in 1987. The extremely rare diamond was picked up by Moussaieff Jewelers, which has a collection of rare gemstones include the Moussaieff Red, a rare red diamond.