Wittelsbach nets record $24M at Christie's

London - A 35.56-carat blue diamond broke through the financial gloom on Wednesday, setting a new world record price for a diamond sold at auction.

The deep grayish-blue gem, known as the Wittelsbach Diamond, sold for $24.3 million at Christie's "Jewels: The London Sale," topping the previous record of $16.5 million set by the sale of a 100-carat diamond in Geneva in 1995.

International jeweler Laurence Graff, of Graff Diamonds, snapped up the gem, outbidding Aleks Paul of Essex Global Trading, a professional of Russian origin based in New York.

Read more at: www.nationaljewelernetwork.com

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