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Reuters
Reuters
Business

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

FILE PHOTO: A model poses with 'The Farnese Blue' diamond at Sotheby's auction house in London, Britain, April 6, 2018. REUTERS/Henry Nicholls

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.

The 6.16 carat, dark grey-blue gem from the Golconda diamond mines of India was first given to Elisabeth Farnese, daughter of the Duke of Parma, in 1715 when she married Philip V of Spain.

It was passed down through more than seven generations and, as their descendants married into other European families, it traveled from Spain to France, Italy and Austria.

FILE PHOTO: A model holds The Farnese Blue, an unknown historic blue diamond to be sold for first time in 300 years, during a preview of Sotheby's auction sale in Geneva, Switzerland, May 9, 2018. REUTERS/Pierre Albouy

Two other jewels went for even higher prices, also eclipsing their estimates. An oval diamond ring weighing 50.39 carats went for 8.1 million francs, while a round brilliant-cut diamond weighing 51.71 carats sold for 9.26 million francs.

FILE PHOTO: A model holds The Farnese Blue, an unknown historic blue diamond to be sold for first time in 300 years, during a preview of Sotheby's auction sale in Geneva, Switzerland, May 9, 2018. REUTERS/Pierre Albouy

(Reporting by Cecile Mantovani, writing by Tom Miles; editing by David Stamp)

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