De Beers Millennium Jewel 4 to be auctioned in Hong Kong

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The De Beers Millennium Jewel 4 was once saved from a gang of thieves back in 2000 along with 11 other rare collections by De Beers. Since then, the upcoming auction event is only the next public instance for the prized jewel. The Millennium Jewel 4 was among the rare collections by De Beers, unveiled in 2000 to commemorate the millennium. It is a 10.10 Carat oval shaped Blue colored diamond with fancy streaks. The million dollar piece was found in Cullinan Mine of South Africa. Posed to be auctioned in Hong Kong on April 5, the Millennium Jewel 4 is the largest ever blue diamond to be jewelry auction. It would be a part of the Magnificent Jewels and Jadeite Spring Sale by Sotheby’s. The estimated amount for the piece is USD 30 to 35 Million. The Millennium 4 diamond has a unique stature in the market for its rarity and quality. According to Gemological Institute of America the blue jewel is an “extremely rare” piece. The present owner of the rare stone is an Asian Collector. The Millennium 4 diamond will be the most expensive gem to be actioned publicly. It is the only oval shaped stone among twelve rare diamonds possessed by De Beers. The diamond, however, is not expected to run pass the mark of USD 48.4 million that was bagged by Blue Moon of Josephine Blue Diamond, the 12.03 carat jewel. Quek Chin Yeow, Sotheby’s Asia Deputy Chairman expressed his delights to host the auction under the umbrella of the organization. The delegate said that it was before fifteen years when he saw the diamond and is excited to admire its beauty again. He said that they are “thrilled to present the De Beers Millennium Jewel 4.”