The Cullinan Dream, The Largest Fancy Intense Blue Diamond At Auction, Sells For $25.3 Million

The Cullinan Dream, the largest fancy intense blue diamond ever offered at auction was sold for $25.3 million at Christie’s New York Magnificent Jewels sale on June 9

The Cullinan Dream is an exceptionally rare blue diamond which was auctioned off at Christie’s Magnificent Jewels & The Cullinan Dream auction at the Rockefeller Center in New York on 9 June 2016, and fetched $25.3 million. Petra Diamonds, one of the world’s largest independent diamond mining companies, discovered the 122.52 carat blue rough diamond at its Cullinan mine near Pretoria, South Africa, in June 2014. Among those in the audience was Mark Cullinan, an international jewelry dealer and the great grandson of Sir Thomas Cullinan, who discovered Petra’s Cullinan Diamond Mine in 1898, where the Cullinan Dream originated.

It is a well-known fact that blue diamonds are one of the rarest and thus, one of the world’s most valuable and collectible items. Weighing 24.18 carats, the cut-cornered rectangular mixed-cut fancy intense blue gem the Cullinan Dream is mounted between two classic baguette-cut diamonds on a ring. This rare blue diamond has a VS2 clarity grade (very slightly included with inclusions observed with effort under 10x magnification), two grades below flawless.

The Cullinan Dream, The Largest Fancy Intense Blue Diamond At AuctionThe Cullinan mine became world famous after the discovery of the Cullinan diamond, at 3,106 carats the largest rough diamond ever found. The pre cut gem was divided into two highly significant diamonds which can be found in the Crown Jewels of Her Majesty the Queen of England: The First Star of Africa, which is mounted at the top of the Sovereign’s Sceptre and which at 530 carats is the largest flawless cut diamond in the world, and the Second Star of Africa, a 317 carat polished diamond which is the centrepiece of the Imperial State Crown.

Christie’s Magnificent Jewels & The Cullinan Dream auction has offered a total of 260 lots, including exceptional fancy colored and colorless diamonds, colored gemstones, and natural pearls, as well as signed pieces from private collections and estates, including Buccellati, Bulgari, Cartier, David Webb, Graff, Tiffany & Co., Van Cleef & Arpels and more. In total,  Christie’s New York sale earned more than $42.2 million, including four items that sold for more than $1 million.

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