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A rare blue diamond handed down through generations of German Royalty sold for a record-breaking USD $ 24.3 million at a recent auction in London by Christie’s. The Wittelsbach Diamond, a 35.56 carat cushion-shaped gem was snapped by the billionaire diamond dealer Laurence Graff for USD $ 24.3 million including buyer’s premium.
According to a Christie’s spokesperson, the price, nearly double its pre-sale estimate, was the most paid for a diamond auction beating the USD $ 16.5 million commanded by a 100-carat diamond at a Swiss auction in 1995.