Trending Now - Rare 'ocean Dream' Diamond Fetches Over $17 Million at Auction

WHO:

ABC News - Christie's auction house

Yahoo - Rahul Kadakia, president of Christie's Asia Pacific

Yahoo - Tobias Kormind, managing director of online jeweler 77 Diamonds

WHAT:

ABC News - A 5.5-carat triangular-cut diamond known as the "Ocean Dream" sold for more than 13.5 million Swiss francs or $17.3 million.

Yahoo - The sale set a record price for a stone of its kind sold at auction.

Yahoo - The diamond was found in Central Africa in the 1990s.

Yahoo - The final price exceeded the presale estimate of 7-10 million francs (around $9-13 million).

Yahoo - The diamond sold in about 20 minutes, indicating high interest.

Yahoo - The price was more than double the $8.5 million it sold for at Christie's in 2014.

WHERE:

ABC News - The auction took place in Geneva.

Yahoo - The diamond was featured at the Smithsonian Splendour of Diamonds Exhibition in 2003.

WHEN:

Yahoo - The auction occurred on a Wednesday.

WHY:

Yahoo - Collectors are increasingly drawn to rare, colored diamonds, which make up only a fraction of all diamonds mined worldwide.

HOW:

Yahoo - The auction house indicated that the diamond took about 20 minutes to sell, reflecting strong buyer interest.

(UPDATED May 13, 2026 23:22 UTC)

A stunning 5.5-carat triangular-cut diamond known as the "Ocean Dream" sold for over 13.5 million Swiss francs, or $17.3 million, at a recent auction in Geneva, setting a record price for a stone of its kind. This remarkable diamond, which was discovered in Central Africa in the 1990s, generated significant interest, selling in just about 20 minutes and exceeding its presale estimate of 7 to 10 million francs. Collectors are increasingly captivated by rare, colored diamonds, which represent only a small fraction of all diamonds mined globally.