The Golconda Blue, Diamond from Hyderabad likely to fetch Rs 430 crore

The Golconda Blue, a rare 23-carat diamond from Hyderabad, is likely to fetch Rs 430 crore in an auction in Geneva, Switzerland.

The auction will be held on May 14. Mounted in a contemporary ring by acclaimed Parisian designer JAR, the gem is expected to fetch between USD 35 and 50 million (approximately Rs



300–430 crore). The diamond was once owned by the royals of Indore and Baroda.

“With its Royal heritage, extraordinary colour, and exceptional size, ‘The Golconda Blue’ is truly one of the rarest blue diamonds in the world,” Rahul Kadakia, Christie’s International head of Jewellery,” said in a statement.