It's recession, but when it comes to buying things, one of its kind, money doesn't seem to matter a lot. Sotheby, one of the oldest auction houses from London, sold a painting of a headless man for $86.3 million in New York last year, and they thought the had broken all records. But sooner, they realize that wasn't end.

Recently, a flawless blue diamond weighing 7.03 carats has fetched a record 10.5 million Swiss francs (6.2 million pounds) at auction, Sotheby's said. According to Sotheby's, the selling price of the rectangular-shaped blue stone is the highest price paid per carat for any gemstone at auction.

	The previous record price for a fancy vivid blue diamond was 5.2 million pounds, including commission at a sale in Hong Kong.

The celestial stone, mounted on a platinum ring, was found in Cullinan mine in South Africa last year, and was the centrepiece of Sotheby's semi-annual sale in Geneva, reports The Telegraph.

The anonymous phone bidder, who won after a 15-minute war, has yet to name the gem. "I was a little bit concerned in this market," said David Bennett, head of jewellery for Sotheby's Europe and Middle East. The previous record price for a fancy vivid blue diamond was 5.2 million pounds, including commission, for a stone weighing 6.04 carats at sale in Hong Kong in October 2007, also by Sotheby's.

AGENCIES