Rare blue diamond that has been spent in the European royal house for the past 300 years has been sold at auction in Geneva for $6.7 million.
Elizabeth Farnes, the daughter of the Duke of Parma, received the “Farnes Blue” diamond in 1715 when she married King Philip V of Spain.
The diamond has been transferred from generation to generation from Spain to France, Italy and Austria.
The jewel has 6.1 carats and comes from the famous Golconda diamond mine in India.
It was sold only four minutes after it was offered at auction and easily exceeded the estimated price of $3.5 million.
“We were expecting a good result but we started from $3.5m and we ended up with $6.7m, so we exceeded our expectation,” said Sotheby’s jewellery specialist, Daniela Mascetti.
According to her, diamonds like this, who are high-quality and have a history, go on auction very well.
Sotheby’s website states that this jewel was once part of the tiara of the French Queen Marie Antoinette.