A RARE FLAWLESS BLUE DIAMOND THAT WAS ONCE PART OF TEH DE BEERS MILLENNIUM COLLECTION IS EXPECTED TO FETCH ALMOST £4 MILLION AT AUCTION. THE STUNNING 5.16 CARAT, PEAR-SHAPED INTERNALLY FLAWLESS FANCY BLUE GEM IS THE FIRST DIAMOND OF ITS KIND TO APPEAR AT AN AUCTION FROM TEH COLLECTION THAT DE BEERS, THE WORLD'S LARGEST DIAMOND PRODUCER, PRESENTED IN 2000 TO CELEBRATE THE MILLENNIUM. IT IS BEING PUT UP FOR SALE BY A PRIVATE COLLECTOR AND IS THE STAR LOT AT SOTHEBY'S HONG KONG JEWELS AND JADEITE 2010 SPRING SALE ON 7.APRIL AND BIDDING IS EXPECTED TO REACH IF NOT EXCEED THE £3.8 MILLION ESTIMATE PRICE. THE DE BEERS MILLENNIUM COLLECTION COMPRISED 12 UNIQUELY RARE GEMS AND TOOK DECADES TO ASSEMBLE. 'THE DIAMOND'S HIGH AND EVEN SATURATION OF BRILLIANT SKY-BLUE COLOUR, INTERNALLY FLAWLESS CLARITY AND CLASSIC PEAR SHAPE WILL UNDOUBTEDLY SPUR INTENSE BIDDING AMONGST DISCERNING COLLECTORS FROM AROUND THE WORLD', TEH AUCTION HOUSE SAID IN A STATEMENT. BLUE DIAMONDS ARE AMONG THE RAREST OF ALL GEMS AND OWE THEIR NATURAL BLUE COLOUR TO TEH PRESENCE OF TEH CHEMICAL ELEMENT BORON DURING TEH STONE'S FORMATION. IN MAY 2009, A 7.03 CARAT, CUSHION-SHAPED INTERNALLY FLAWLESS FANCY VIVID BLUE DIAMOND SET TEH WORLD RECORD PRICE PER CARAT FOR ANY GEMSTONE AT A SOTHEBY'S GENEVA AUCTION WHEN IT WAS BOUGHT BY A HONG KONG COLLECTOR FOR £6.4 MILLION.
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