Farnese blue diamond, with 300-year royal history, fetches $6.7 million

Credit: Reuters India- Published on May 15, 2018
GENEVA (Reuters) - The Farnese Blue diamond, which was passed down through European royal families for 300 years, sold at auction in Geneva on Tuesday for 6.7 million Swiss francs ($6.7 million), beating auctioneers Sotheby's estimate of 3.5-5.0 million.

Credit: Wibbitz Top Stories
Published on May 17, 2018 -  00:54
Farnese Blue Diamond Sells for $6.7 Million
Farnese Blue Diamond Sells for $6.7 Million One of the most famous diamonds in Europe was sold in Geneva on Tuesday. The “Farnese Blue” is a blue diamond, one of the rarest gems in the world, and is 6.16 carats. It gets its name from Elizabeth Farnese, the second wife of King Philip V of Spain, who got it as a wedding gift in 1715. The diamond traveled all over the world leading up to the sale at Sotheby’s Geneva on Tuesday, stopping in New York, London, Singapore and more. The $6.7 million price tag exceeded the pre-sale estimates by almost $2 million.

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