Christie’s has announced that the 23.24-carat fancy Golconda blue diamond, the largest of its kind ever offered for public sale, will no longer be available. Set to lead the Magnificent Jewels auction in Geneva on May 14, 2025, the diamond was expected to sell for between $35 million and $50 million USD.
The diamond’s lineage has been traced back to Indian royalty. It once belonged to Yeshwant Rao Holkar, the Maharaja of Indore, and his wife, Maharani Krishna Bai Holkar. The royal couple, celebrated throughout the 1920s and ’30s for their impeccable taste and refined elegance, added to the gemstone’s illustrious history.
“The Golconda Blue’s historic provenance, uncovered by Christie’s research, has generated considerable market interest and much excitement globally,” said a Christie’s spokesperson. “At this time, the owners have made the decision to pursue a sale of the diamond to a family member.”
Regarded as one of the rarest and most historically significant diamonds, it has been mounted in a ring by renowned Parisian jeweler JAR.
“Exceptional noble gems of this caliber come to market once in a lifetime,” said Rahul Kadakia, Christie’s International Head of Jewellery.
