24-Carat Blue Diamond Is Up for Auction

The video discusses the blue diamond market, focusing on the Oppenheimer Blue Diamond's record sale and the dynamics of supply and demand. It highlights the differences in pricing between vivid and intense blue diamonds, emphasizing the strong market for colored diamonds. The discussion covers the limited supply from private owners and mines like Cullinan, and the increasing demand driving prices higher. The video also touches on the investment potential of blue diamonds, their occasional use, and the associated costs of insurance and storage. Finally, it provides a brief market outlook, mentioning the impact of broader economic factors.

What is the significance of the Cullinan mine in relation to blue diamonds?

What considerations do buyers have regarding the use and storage of high-value diamonds?