A magnificent blue diamond weighing 9.51 carats, formerly owned by philanthropist Rachel “Bunny” Mellon, was auctioned in Geneva, achieving a remarkable price of $25 million, according to Christie’s auction house. This pear-shaped, internally flawless diamond, referred to as the “Mellon Blue,” was initially crafted into a pendant by Mellon, who had close ties to Jacqueline Kennedy.
The recent auction comes following the diamond’s previous sale for $32.6 million back in 2014, at which time it set a record for the highest price paid for a colored diamond at auction. Nonetheless, the record for a blue diamond remains with the “Oppenheimer Blue,” which was sold for over $57 million in Geneva in 2016, underscoring the rising demand for these extraordinary gems.
Beyond her association with exquisite jewelry, Mellon’s legacy also encapsulates her talents as a horticulturist and her pivotal role in redesigning the White House Rose Garden during the Kennedy era. Her contributions to the beauty and aesthetic of American culture affirm the profound connection between artistic craftsmanship and historical significance.
The auction of the “Mellon Blue” not only emphasizes its rarity but also reflects a growing trend within the luxury market, as enthusiasts show an increasing interest in colored diamonds. Additionally, Sotheby’s is gearing up to introduce another notable blue diamond, the “Mediterranean Blue,” which is expected to generate considerable excitement.
As collectors look forward to forthcoming auctions, the enduring fascination with rare gemstones symbolizes both historical importance and exquisite artistry. The successful sale of the “Mellon Blue” acts as an inspiring reminder of the elegance and worth that these stones represent, drawing in new generations of enthusiasts and investors who appreciate beauty infused with cultural heritage.