What credit crunch? At Christie’s in Central London, the Wittelsbach diamond became the most expensive stone or piece of jewelry ever sold at an auction. Back in 1664, this sky-blue gem was given as the wedding dowry of a Spanish princess “Infanta Magarita Teresa” painted by Velazquez. This jewel is originally from India and hasn’t been on the market for 80 years. London Bond Street-based jeweler Laurence Graff paid a whopping £16.4 million (US $24.47 million) for the extraordinary Wittelsbach diamond. Mr. Graff said that diamond might have sold for £50 million if there had been no credit crunch.
Thursday, December 11, 2008
Wittelsbach diamond sold for £16.4 million
What credit crunch? At Christie’s in Central London, the Wittelsbach diamond became the most expensive stone or piece of jewelry ever sold at an auction. Back in 1664, this sky-blue gem was given as the wedding dowry of a Spanish princess “Infanta Magarita Teresa” painted by Velazquez. This jewel is originally from India and hasn’t been on the market for 80 years. London Bond Street-based jeweler Laurence Graff paid a whopping £16.4 million (US $24.47 million) for the extraordinary Wittelsbach diamond. Mr. Graff said that diamond might have sold for £50 million if there had been no credit crunch.
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