HK collector makes sparkling buy
Source: Agencies |
November 22, 2014, Saturday
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Print Edition
Print Edition
A Hong Kong buyer has paid US$32.6 million for a near 10-carat blue diamond at an auction held by Sotheby’s in New York, underlining the rising demand for the gems from wealthy Chinese buyers.
The unnamed Hong Kong collector beat six other bidders to set a new record price-per-carat for any diamond, Sotheby’s said yesterday. The price was around double pre-auction estimates.
China, the fastest growing diamond market, is driving global demand. China’s diamond jewelry sales grew 12 percent annually between 2008 and 2013, according to a report this year from diamond seller De Beers.
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