BEIJING, May 13 (Xinhuanet) -- A rare blue diamond weighing 7.03 carats sold for a record 10.5 million Swiss francs (6.2 million pounds) at auction in Geneva Tuesday.
The rectangular-shaped blue stone, the rarest to enter the international market this year, was the centerpiece of its semi-annual sale in Geneva, conducted by David Bennett, chairman of Sotheby's jewellery department in Europe and the Middle East, who said the results showed the market's resilience despite the economic downturn.
The internally flawless gemstone went to an anonymous telephone buyer after a 15-minute bidding battle between two callers.
"It is fantastic in this market and shows that these rare things are very much in demand," he said.
The new owner will have the right to name the stone, which is mounted in a platinum ring.
(Agencies)
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