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Farnese blue diamond goes on sale after 300 years

LONDON: The historically important Farnese Blue diamond, which was passed down through European royal families for some 300 years, is to go on sale for the first time next month, auctioneers Sotheby’s said. Expected to fetch between $3.7 and 5.3 million, the 6.1 carat, dark grey-blue stone 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…

$7.5 million Schumacher Ferrari sets record

NEW YORK: Michael Schumacher's Grand Prix-Winning Ferrari sold for $7.5 million in New York on Thursday, setting an auction record for a modern-era Formula One car, Sotheby's said. The seven-time world champion's 2001 Ferrari F2001 sparked furious bidding, roaring past its pre-sale estimate of $4-5 million at Sotheby's flagship post-war and contemporary November evening art sale. It put the buzz into a night that otherwise fell short of the dizzying heights reached by Christie's on Wednesday selling a painting of Christ…

World’s biggest uncut diamond sells for $53m

LONDON: British jeweller Graff said on Tuesday it has purchased the world's largest uncut diamond -- roughly the size of a tennis ball -- for $53 million (44.5 million euros). Canadian miner Lucara Diamond sold to Graff the 1,109-carat gem, the Lesedi La Rona, which was found in Botswana's Karowe mine in late 2015. "We are thrilled and honoured to become the new custodians of this incredible diamond," said company chairman, Laurence Graff, in a statement. "The stone will tell us its story, it will dictate how…