---
title: This Diamond Just Sold for a Staggering Amount of Money
description: The 14.62-carat "Oppenheimer Blue" diamond sold for $57,541,779 USD Wednesday at Christie's Genvea Magnificent Jewels sale, the most ever fetched for a jewel at auction.
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published: '2016-05-19T14:04:08.000Z'
modified: '2016-05-19T14:04:08.000Z'
section: Investing
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![Blue diamond sold for $57.5 million](https://img.money.com/2016/05/gettyimages-532199028.jpg)
*GENEVA, SWITZERLAND - MAY 18: 14.62 carats Oppenheimer vivid blue diamond, one of the world's rarest diamonds, is shown at the auction and sold for $57.5 million as it became world's most expensive ring in Geneva, Switzerland on May 18, 2016. (Photo by ©Christies Images Ltd, 2016/Anadolu Agency/Getty Images)*

The 14.62-carat "[Oppenheimer Blue](http://www.christies.com/lotfinder/Jewelry/the-oppenheimer-bluea-sensational-coloured-diamond-ring-5990891-details.aspx?lid=1)" diamond sold for $57,541,779 Wednesday at Christie's Genvea Magnificent Jewels sale, the most ever fetched for a jewel at auction.

It bested the 12.03-carat “Blue Moon of Josephine,” which sold for $48.4 million in November 2015, then a world record. The betting for the Oppenheimer diamond began at 30 million Swiss francs, according to [Forbes](http://www.forbes.com/sites/anthonydemarco/2016/05/18/oppenheimer-blue-diamond-sells-for-world-auction-record-58-2-million/#34501d8b37ea), and lasted for 30 minutes.

The rectangle shaped-diamond is classified as a Vivid Blue, and set in a platinum ring "flanked on either side by a trapeze-shaped diamond."

"The Oppenheimer Blue can only be described as one of the rarest gems in the world," François Curiel, chairman of Christie’s Asia Pacific and China, said [before the bidding](http://www.christies.com/features/The-Oppenheimer-Blue-Diamond-7197-3.aspx) began. "It is the gem of gems."

[http://player.ooyala.com/iframe.js#pbid=ccded04939c4010a47d948d2e3232a7&ec=htNDRsMzE6jj1tQNrzSIQkrnhZ9vGdkt](http://player.ooyala.com/iframe.js#pbid=ccded04939c4010a47d948d2e3232a7&ec=htNDRsMzE6jj1tQNrzSIQkrnhZ9vGdkt)

The diamond was previously owned by Sir Philip Oppenheimer, the former chairman of the De Beers diamond company.

Other items sold at the auction include the [Charles-Louis Havas Breguet et Fils pocket watch](http://www.christies.com/lotfinder/watches/breguet-no-217-montre-perpetuelle-a-repetition-5992914-details.aspx?from=salesummary&intObjectID=5992914&sid=7df7d61b-136e-40d9-82a7-9e4ac39d6dc7), which sold for $3.3 million, making it the second most expensive Breguet et Fils watch ever sold at auction, and fine and rare wines.

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