Zoe Diamond

Not much is known about the history of the Zoe Diamond, adding to it an air of mystery. It is a 9.75 carat, breathtaking blue velvet diamond in an elongated teardrop cut, mounted on platinum. The diamond was part of a collection owned by renowned philanthropist Rachel Lambert Mellon, and was auctioned in 2014 after her death. The buyer was Hong Kong business magnate Joseph Lau Luen-Hung, who had also purchased the Blue Moon diamond. This time, the diamond was a gift for is older daughter Zoe, after whom the stone is now named.

While a lot of these high priced diamonds have a well-known history such as origin and date of discovery, not much is known about this diamond, in a way, it came out of nowhere and snatched the crown.

What we do know is that the amazing diamond was certified by the GIA as a 9.75 carat Fancy Vivid Blue Diamond – the highest color grading possible for blue diamonds and that it has a great clarity grading of vvs2 – an extra ordinary grading for diamonds of this size.

It was auctioned by Sotheby's NY as part of the collection of Mrs. Paul Mellon, one of the most famous bankers that made his fortune investing in finance, industrial and oil sectors. As it seems, his Midas touch rubbed off also to his diamond investments.

But… even though this diamond's history is a blank page, it doesn't mean that it will fade away.

According to Rapaport, the proceeds from the sale benefit the Gerard B. Lambert Foundation that supports the Oak Spring Garden Library and is endowed to continue on the Mellon's Upperville estate in Virginia to support horticultural and educational endeavors.

Also, the sale itself of the Zoe diamond made history as well…

Since there are many niches in the diamond industry (truly a surprisingly fragmented industry), there are many records. Every niche gets its own set of records – the most expensive orangy pink, the largest pink, the most expensive deep blue, the biggest blue etc. These diamonds are treated like stallions and the "record holder" diamond often gets to be named and this added prestige will also add to its value.

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