Had it gone under the hammer, it would have been the largest fancy vivid blue diamond ever offered at a public auction, carrying an estimated value between $35 million and $50 million.
Christie’s announced that the decision to pull the gem was made by its unnamed owners, who have opted to sell the rare diamond privately within their family. The auction house clarified that the move was purely personal, with no influence from tariffs or market volatility.
The Golconda Blue, a striking pear-shaped diamond mounted in a contemporary ring by acclaimed jeweller JAR, had been on an international exhibition tour and was on display in Hong Kong when the decision was made.
Beyond its exceptional colour and size, the diamond also boasts significant historic provenance. It was once owned by Yeshwant Rao Holkar, the Maharaja of Indore, linking it to the illustrious Holkar dynasty of India. The diamond’s royal ties date back to 1913 when the Maharaja’s father began a relationship with Parisian jeweller Chaumet, acquiring important pieces including the famed Indore Pear diamonds.
Christie’s previously described the Golconda Blue as among the rarest and most significant diamonds ever unearthed, a view reflected in the strong global interest it generated ahead of the auction.
