History of the World’s Most Expensive Pieces of Jewelry

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History of the World’s Most Expensive Pieces of Jewelry

Found deep within the earth, not even the extreme dangers of mining can keep people away from the unclear masses of precious stone that have been considered of utmost value since even the most ancient civilizations. These precious stones, such as diamonds, rubies, emeralds, and jade, are an undying symbol of wealth and luxury.

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Have you ever wondered what the most expensive jewelry looked like? What kind of stone, what kind of piece (necklace? Ring? Bracelet?) What follows are the most expensive and rare jewelry pieces sold for.

Peacock Brooch — $100 million

The Peacock Brooch made by Graff Diamonds may not have quite as much history as the Hope Diamond, but its value is roughly $100 million on the other hand. It was first released in 2013 at the TEFAF art fair in the Netherlands. The brooch, shaped like a peacock with fanned feathers, contains a total of 120.81 carats and over 1,300 stones in white, yellow, blue, and orange diamonds. A very rare, dark blue pear-shaped diamond sits at the center, and alone totals 20.02 carats.

Graff Diamonds was founded in 1960 by Lawrence Graff. Now the company is a multinational company whose home base is in London. All jewelry that comes from Graff follows the Kimberly Process, an ethics model that does not allow the buying or use diamonds that would continue human suffering or conflict.

The whereabouts and ownership of the Peacock Brooch are not public at this time.

Oppenheimer Blue – $57.5 million

Named after Phillip Oppenheimer, the Oppenheimer Blue weighs 14.62 carats. It is a bright blue diamond with an emerald cut. This diamond holds nearly the same record as the Pink Star: it has been named the largest Fancy Vivid blue diamond by the Gemological Institute of America. In 2016, it auctioned at $57.5 million to a party not released to the public.

The history of the Oppenheimer diamond is largely a mystery, other than the fact that it was mined somewhere in South Africa, likely sometime in the early 20th century. Further details are unknown because it is thought to have come from one of De Beers’ mines, and that company has closed its documents. What is known is the history of the man whose name the diamond has taken. The Oppenheimer family has been renowned in the diamond business for more than a century. The diamond was named specifically for Sir Phillip Oppenheimer, who acquired the stone as a gift for his wife, though details about when that happened and how much was paid are also not known. He died in 1995, and the first transaction with this diamond took place in 1999. At this time, it weighed slightly more, at 14.71 carats.

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