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Blue Diamond Sells for More Than $44 Million at Christie’s Auction in Geneva 

A Christie's employee displays "Bleu Royal," a rare 17.61 carats internally flawless fancy vivid blue pear shaped diamond, during a preview at the Christie's, in Geneva, Switzerland, Thursday, Nov. 2, 2023. (Keystone via AP)
A Christie's employee displays "Bleu Royal," a rare 17.61 carats internally flawless fancy vivid blue pear shaped diamond, during a preview at the Christie's, in Geneva, Switzerland, Thursday, Nov. 2, 2023. (Keystone via AP)
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Blue Diamond Sells for More Than $44 Million at Christie’s Auction in Geneva 

A Christie's employee displays "Bleu Royal," a rare 17.61 carats internally flawless fancy vivid blue pear shaped diamond, during a preview at the Christie's, in Geneva, Switzerland, Thursday, Nov. 2, 2023. (Keystone via AP)
A Christie's employee displays "Bleu Royal," a rare 17.61 carats internally flawless fancy vivid blue pear shaped diamond, during a preview at the Christie's, in Geneva, Switzerland, Thursday, Nov. 2, 2023. (Keystone via AP)

The largest fancy vivid blue diamond to ever come to auction sold Tuesday for more than $44 million, far outstripping the pre-sale estimate, Christie’s said.

The “Bleu Royal” — a ring featuring a fancy vivid blue pear-shaped diamond of 17.61 carats — was one of the standout pieces to go under the hammer at the auction house for Geneva’s Luxury Week.

Christie’s had estimated the ring would fetch around $35 million.

The auction house said the sale made the “Bleu Royal” the most expensive jewel sold at auction this year.

Christie’s said the gemstone would be handed over to another private collection for the first time in 40 years.

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Saudi Arabia Sets World Record with Largest Food Cluster

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef attends the ceremony to launch Jeddah Food Cluster. SPA
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef attends the ceremony to launch Jeddah Food Cluster. SPA
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Saudi Arabia Sets World Record with Largest Food Cluster

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef attends the ceremony to launch Jeddah Food Cluster. SPA
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef attends the ceremony to launch Jeddah Food Cluster. SPA

Saudi Arabia has set a Guinness World Record for the largest food park in the world by area with the Jeddah Food Cluster, which spans over 11 million square meters and has set a new global benchmark.

Spanning 11 million square meters, the Saudi Authority for Industrial Cities and Technology Zones (MODON) announced ambitious plans for the cluster, targeting investments of up to SAR20 billion and creating 43,000 job opportunities by 2035. The cluster aims to stimulate economic growth, enhance food security, and support national exports.
Over the next decade, the Jeddah Food Cluster is projected to contribute SAR8 billion to national exports and add SAR7 billion to the GDP. MODON will achieve this by investing in advanced infrastructure, shared services, and innovative solutions.
By integrating services and optimizing supply chains, the cluster aims to reduce operational costs by 5-12%. This will not only benefit businesses but also contribute to strengthening national food security and self-sufficiency in essential commodities.