April 24, 2012

Sotheby's to sell 400-year-old diamond - The Beau Sancy








 
The "Beau Sancy" diamond is tipped to fetch up to $4 million at auction. 

THE 400-year-old Beau Sancy, one of the world's oldest and most-storied diamonds in private hands, is up for sale at Sotheby's auction house. 

Weighing in at 34.98 carats, the sparkling pear-cut gem, above, is estimated to be worth up to $US4 million ($3.87 million).

Those who don't have the money to buy the jewel can see it on display ahead of next month's sale.

Cut from the famous gem mines in the Indian city of Golconda, the diamond made its way through four royal European families and once belonged to Queen Marie de Medici of France.
Its most recent owners are the descendants of the last Emperor of Germany.
The gem is currently on display in Paris. It will travel to London and Zurich before its auctioning in Geneva on May 14.


It’s funny reading that the diamond is “400 years old”! 
I am sure they mean since it was originally cut.
“It may be that diamonds form over periods as short a time as days, weeks, months to millions of years.”

However, I think the Taylor-Burton Diamond is infinitely nicer! Weighing in at 69.42 carats it cost Richard Burton a ‘mere’ $1.1 million!

More information here.

And it couldn’t have belonged to a more beautiful person!

But that is just my opinion!

                                                  *******************

GENEVA: A centuries-old diamond passed down through generations of European royalty fetched nine million Swiss francs ($9.7 million) at auction in Geneva on Tuesday. The 35-carat "Beau Sancy" diamond was worn by Marie de Medici, Queen consort of Henry IV, at her coronation in 1610.

Five bidders spanning three continents competed for the historic jewel at a Sotheby's auction where there was little evidence of the current global financial woes.

An anonymous telephone bidder purchased the jewel, put on the market by the House of Prussia and described by Sotheby's as one of the "most fascinating and romantic" gems ever to come to auction.

The buyer paid 9,042,500 Swiss francs ($9,699,618) including the buyer's premium for the pear-shaped, double rose cut diamond, more than double the $2 million to $4 million estimate.

"You are buying an historic work of art, you are not buying a diamond," said Philipp Herzog von Wuerttenberg, chairman of Sotheby's Europe, following the sale. "I fell in love with it when I saw it. It's the cut, it's the history," he said.

The
Beau Sancy attracted bids from North America, Europe and Asia, he said, refusing to give further details about the buyer. The diamond's royal connections date back to 1604 when it was bought for Henri IV of France at the insistence of his wife Marie de Medici who wore it atop her crown at her coronation.

Later that century it was acquired by the Dutch and used to seal the wedding of Willem II of Orange Nassau to Mary Stuart, daughter of Charles I of England. Stuart pawned the rose-cut gem to finance her brother Charles II's fight for the throne.

In 1702, the first king of Prussia gave it pride of place in the new royal crown and it has passed through generations of the House of Prussia until today.

"We've sold much larger diamonds but it has this wonderful romantic history, an unparalleled royal history, it has never been in non-royal hands," said David Bennett, co-chairman of Sotheby's Switzerland, ahead of the sale.

The Beau Sancy went under the hammer at Geneva's Beau Rivage hotel as part of Sotheby's "Magnificent Jewels and Noble Jewels" sale.

A second historic diamond, a 7.3-carat "fancy yellow" formerly belonging to Charles
Edward Stuart, one-time pretender to the thrones of Great Britain and Ireland, sold to a telephone bidder for 902,500 francs ($968,085) including the buyers premium.
[.....]

Four-hundred-year old diamond sells at auction for nearly $A10 million.
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