World News | Rare Blue Diamond Shines at USD 100 Million Exhibition in Abu Dhabi

Get latest articles and stories on World at LatestLY. A rare blue diamond was on display Tuesday at an exhibition of USD 100 million worth of the world's rarest diamonds in the United Arab Emirates' capital, Abu Dhabi.

Representational Image (Photo Credits: LatestLY)

Abu Dhabi, Apr 8 (AP) A rare blue diamond was on display Tuesday at an exhibition of USD 100 million worth of the world's rarest diamonds in the United Arab Emirates' capital, Abu Dhabi.

The eight diamonds on display at the Sotheby's exhibition have a total weight of more than 700 carats.

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Visitors focused on the 10-carat blue diamond from South Africa, considered one of the most important blue diamonds ever discovered. Sotheby's expects it to be auctioned off at USD 20 million in May.

Quig Bruning, the company's head of jewels in North America, Europe and the Middle East, said they chose Abu Dhabi for the current exhibition because of the Gulf nation's high interest in diamonds.

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“We have great optimism about the region," he said.

“We feel very strongly that this is the kind of place where you have both traders and collectors of diamonds of this importance and of this rarity,” he added. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)

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