What To Know About The Famous ‘Idol’s Eye’ Blue Diamond
The Idol’s Eye diamond, renowned for its remarkable color and historical significance, has captured the imagination of jewel enthusiasts and historians alike. This stunning blue diamond is not only a piece of jewelry but a fascinating artifact rich in stories, intrigue, and an impressive legacy. Below, we explore everything you need to know about this captivating gem.
A Brief History of the Idol’s Eye
The origin of the Idol’s Eye diamond traces back to India, the source of many of the world’s most celebrated gems. It is believed to have been mined during the 16th or 17th century, a period known for producing some of the finest diamonds. The diamond was originally a part of the famous Golconda mines, which have been famed for their exceptional quality stones.
One of the most interesting facts about this diamond is its historical journey. During the era of the Mughal Empire, it was acquired by the Persian ruler Nadir Shah in 1739 after he invaded India. The name "Idol’s Eye" is said to be derived from its association with an idol in a temple, possibly believed to offer protection and power.
Unique Characteristics of the Idol’s Eye
The Idol’s Eye is an appetizing blue diamond, weighing approximately 70.2 carats. Its deep, captivating hue is attributed to the presence of boron impurities, which is common in blue diamonds. Unlike many other gems, blue diamonds are particularly rare. In fact, it is estimated that only 1 in 10,000 diamonds exhibit a blue hue.
The diamond is also known for its unique cushion cut, enhancing its brilliance and mesmerizing sparkle. Diamonds such as Idol’s Eye often command attention due to their fascinating play of light, which reveals various shades of blue as they catch the light.
Intriguing Legends and Mystique
Apart from its beauty, the Idol’s Eye is shrouded in mystery and legendary tales. Many believe that the diamond carries a curse or bad luck due to the misfortunes that have befallen its owners. Following Nadir Shah’s acquisition, the diamond had a tumultuous journey, ultimately ending up in the hands of various collectors and jewelers, including the notorious jeweler Alexander Malcolm Fraser.
Throughout its history, owners and collectors have reported strange coincidences and unfortunate events. From failed business ventures to sudden deaths, the Idol’s Eye seems to have been at the center of many a tumultuous tale. This aura of mystery has only added to its allure.
The Diamond in Modern Times
The Idol’s Eye blue diamond made its public debut in the 20th century when it was auctioned by famed auction house Christie’s in 1995. It fetched an astounding US $2.5 million, a testament to its enduring desirability and status among gemstones.
Currently, the diamond is part of a private collection, making it less accessible for direct viewing. However, it occasionally makes appearances at exhibitions that focus on rare gems, including those held by institutions like the Smithsonian Institution and other notable museums worldwide.
Investing in Rare Diamonds: The Idol’s Eye Effect
From an investment perspective, diamonds like the Idol’s Eye blue diamond are increasingly sought after. Rare blue diamonds have seen their market value escalate significantly over the past decade, with prices soaring by 20-25% per year for top-tier stones. The market for colored diamonds is becoming more pronounced, driven by collectors fascinated with unique stones.
Why You Should Care
For gem enthusiasts, the Idol’s Eye serves as a perfect example of the blend of art, culture, and history that rare gems embody. As global awareness about gemstones continues to rise, knowing the unique characteristics, historical significance, and investment potential of gems like the Idol’s Eye becomes indispensable for collectors and investors alike.
Conclusion
In summary, the Idol’s Eye blue diamond is not just a stunning piece of jewelry; it is a window into a world rich with history, legends, and intrigue. Its unique properties, along with its tumultuous past, help foster an enchantment that continues to captivate people today. Whether you are a collector, investor, or simply curious about the world of gemstones, the Idol’s Eye offers a fascinating story worth exploring.
As the market for rare diamonds continues to evolve, the Idol’s Eye serves as a reminder of both the beauty and the complexity behind these extraordinary treasures.
