Diamonds

When completed the tower will look like in the photo above (artistic remake). Photo credit Extell Development Company On Tuesday […]

Mr Joseph Lau Luen-Hung, a Hong Kong based tycoon is the owner of the record breaking US$9.5 million 7.03 carat

Photo Credit: David Moore. Golden Eye Diamond.COM A rare yellow diamond is to be auctioned by the United States Government.

A 7.03 carat fancy vivid blue , internally flawless cushion cut diamond was sold for a record breaking price of US$9,488,754- approximately US$9.5 million (6.2 million pounds or 10.5 million Swiss francs) on the 12th of May 2009 at a Sotheby’s auction at Geneva, Switzerland.

This has set a new world record price for any gemstone sold at an auction, ie US$1,349,752 per carat. The previous record