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Rare, flawless blue diamond is set to fetch GBP3.8m.

Europe Intelligence Wire

| March 16, 2010 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Hull Daily Mail)

A RARE, internally-flawless blue diamond is expected to fetch up to GBP3.8m when it is sold at auction next month.

The 5.16-carat, pear-shaped stone, which is set in a ring, is the first blue diamond from the De Beers Millennium Jewels collection to go under the hammer.

It was among 12 stones displayed at the former Millennium Dome in a collection that included the 203.04-carat Millennium Star white diamond and 11 blue stones of various shapes and weights.

The gem will be sold by Sotheby's in Hong Kong on Wednesday, April 7, with an estimated price tag of $4.6m to $5.8m (GBP3.04m to GBP3.8m).

It has been graded as …

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