Alisa Moussaieff was in her London office on May 14, having lunch and bidding over the phone on a 6.24-carat deep blue diamond ring at Christie’s in Geneva. Within minutes she had won it with a $12.7 million offer, a record price per carat for a deep blue diamond and well beyond the $5.4 million low estimate.

Why Buyers Are Spending Millions on Colored Diamonds
Is the global turmoil driving sales of portable assets? Or is it just a love of rare jewels?
