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September 17, 2009updated Feb 13, 2013

Million Dollar Rare Diamond Collection Sold in Auction

By Pardhasaradhi Gonuguntla

A real-life treasure trove of five fancy color diamond rings—including an extremely rare Natural Fancy Red diamond and a rare Natural Fancy Intense Blue diamond—were sold in an auction yesterday at the World Diamond Tower in New York City.

Not only is this one-of-a-kind collection beautiful, but it also comes with a fascinating back story. The limited-edition rings were commissioned by Treasure Trove, Inc. for the release of Secrets of the Alchemist Dar, a sequel to the New York Times bestseller, A Treasure’s Trove: A Fairy Tale About a Real Treasure Hunt for Parents and Children of All Ages. Written by Michael Stadther and released in 2004, the illustrated children’s book included clues as part of a nationwide treasure hunt for tokens hidden across the U.S.: Once found, each token could be traded in for a unique jewel representing one of twelve characters from the text. Designed by Aaron Basha and christened the “Fairy Rings of Eternal Life”, the five-ring collection was to be at the heart of a new worldwide treasure hunt sparked by the story’s sequel.

President of the Gemological Appraisal Association Donald A. Palmieri, who appraised the rings in 2006, acted as auctioneer. The rings were sold almost immediately for the reserve price of $400,000. For more information about the fancy color diamonds, visit www.diamondID.com/Fancy.

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