Historic diamond sells for $9.7 million

In this May 2, 2012 file photo an employee shows the Beau Sancy diamond, 34.98 carat, at Sotheby's auction house in Zurich, Switzerland. Marie de Medici wore it at her coronation as Queen Consort of Henry IV in 1610, and now the Beau Sancy diamond is a lavish accessory owned by an anonymous bidder who paid US $9.7 million (7.6 million euro) for it at Sotheby’s auction in Geneva Tuesday May 15, 2012.

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.

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

The buyer paid 9,042,500 Swiss francs or $9,699,618 including the buyer’s premium for the pear-shaped, double rose cut diamond.

The price was 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.

The Beau Sancy attracted five bidders, from North America, Europe and Asia, he said, refusing to give further details about the buyer.

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