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Quite a lot, even for a diamond

May 13, 2009

Rare blue diamond sells for record $9.5 million

GENEVA (Reuters) – A flawless vivid blue diamond weighing 7.03 carats sold on Tuesday for a record 10.5 million Swiss francs (6.2 million pounds), the highest price paid per carat for any gemstone at auction, Sotheby’s said.

The stone sets a record price per carat for any gemstone sold at auction of $1,349,752, (882 million pounds) Sotheby’s said.

in the main part of this article i found a statement which seems to quote a figure that doesn’t relate to the rest of the article. You say 882 million pounds? How could this possibly be the price per carat when the first paragraph says the diamond sold for 6.2 million pounds?

i hope this helps correct the mistakes.

Emma M.

This was a faulty conversion that showed up in some versions of the story. We corrected: GBU Editor

A model displays a Rare Fancy Vivid Blue Diamond during an auction preview at Sotheby’s in Geneva May 6, 2009. The diamond was found in 2008 in the historic Cullinan mine in South Africa and weights 7.03 carats. It is estimated to fetch some $ 5,800,000 to 8,500,000 when it comes to auction in Geneva May 12, the buyer will have the honour of naming the diamond as the first owner of the stone. REUTERS/Denis Balibouse

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