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Historic diamond sold for $9.7 million at auction

Wednesday - 5/16/2012, 8:24am  ET

AP: f2520856-ce7f-4f90-9928-f75bd36f541c
The Beau Sancy, a 34.98 carat diamond that will be put on sale by Sotheby's auction house in Geneva next month, is presented in Paris, Monday April 23, 2012. The Beau Sancy diamond, a stone of historical importance with a royal provenance stretching back to Marie de Medicis is estimated between two and four million dollars, (1.5 to 3 million Euros).(AP Photo/Remy de la Mauviniere)
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GENEVA (AP) - Marie de Medici wore it at her coronation as Queen Consort of Henry IV in France in 1610, and now the Beau Sancy diamond is a lavish accessory owned by an anonymous bidder who paid $9.7 million for it at Sotheby's auction.

The spring auction season for jewelry and watches is upon Geneva, where elegant lakefront hotels fill with well-heeled buyers and bidders in a scene far removed from the debate over European austerity.

Five bidders fueled the price on Tuesday at the Sotheby's sale for the Beau Sancy, a 34.98 carat diamond that had passed among the royal families in France, England, Prussia and the Netherlands.

It was sold by the Royal House of Prussia, the line of descendants that once ruled Prussia.


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