India's famous royal Golconda Blue Diamond will be auctioned for the first time in Geneva, estimated price 300 to 430 crores
Golconda Blue Diamond: The 3.24-carat historical 'Golconda Blue' diamond associated with India's royal heritage will be put up for auction for the first time in Geneva on May 14, whose estimated price is estimated to be Rs 300 to 430 crores.
The legendary diamond of India's royal heritage, the Golconda Blue, will go under the hammer for the first time at the Christie's Magnificent Jewels Sale in Geneva on May 14. This will be auctioned live at the Four Seasons Hotel des Berges in Geneva. Renowned Parisian master craftsman JAR has put this 23.24-carat brilliant historical blue diamond in a sleek current ring. This diamond of the Golconda mines was previously owned by the Indore and the Baroda Maharajas.
Christie's global jewelry chairman, Rahul Kadakia, said, that one of the world's rarest blue diamonds, having a royal lineage, is the Golconda Blue. It is one of the most valued pieces in the series, and the auction is significant since it is connected to the Indian royal family too. It also surfaced in the Golconda mines of the current Telangana region where the world's renowned diamonds have come out of the earth. Its estimated value is 300 to 430 crores. He said that in its 259-year history, Christie's has had the honor of presenting the world's most important Golconda diamonds, including Archduke Joseph, Princi, and Wittelsbach.
The Golconda Blue was once owned by Indore's modernist emperor Maharaja Yashwant Rao Holkar II. Maharaja Holkar was famous for his modern thinking and international lifestyle in the 1920s and 1930s. In 1923, the Maharaja's father got a bracelet made of this diamond from the French house Chaumet. Earlier she had also purchased two Golconda Indore Pear diamonds from the same jeweller.
She appointed Mauboussin as her official jeweler a decade later, who redesigned the royal collection and incorporated The Golconda Blue into a striking necklace along with the Indore Pear diamonds. In 1947 the diamond was purchased by New York jeweller Harry Winston, who set it in a brooch with a white diamond of similar size. The brooch later passed to the Maharaja of Baroda, which passed through India's royal lineage before passing into private hands.
