On Saturday French auction house Guizzetti-Collet sold a 6.5 carat blue diamond for €2.43 million ($3.56 million), which totaled $547,692 per carat. The hammer price came to more than three times the stone’s estimated value of between €500,000 and €700,000.

The Reims-based auction house said that the “blue intense homogenous” diamond with “extraordinary” coloration, was taken from a ring bought in 1962 by the owners of a champagne house.

An international company specializing in buying precious stones placed the winning bid by phone, according to AFP. The company’s name was not released.

It’s not often old eggs are sold for very much, but when it’s a 105 year old Faberge Egg covered in pink diamonds there may be an exception. The egg, which also features a miniature clock and a rooster flapping his wings, drew a final price of a staggering $18.5 million, shattering the previous Faberge Egg record of $9.6 million sold in 2002.

Originally created in 1902, this particular egg was purchased by an unnamed Russian collector and it marks a continued return of Russian art to it’s original home in Russia as more and more Russian collectors have he ability to recover them.

Have you ever asked yourself why it is some people like to wear religious jewelry? Many believe that it nothing more than a display of their religious beliefs. Could it be more than that? Here’s a few things to think about…

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The massive 493 carat rough diamond was sold to Graff Jewellers of London for $10.4 million. That’s an amazing $21,000 per carat against the average of $81 per carat for most rough diamonds.

Named the Letseng Legacy for the Letseng le Terai mine is was found in, the diamond joins the recently sold Lesotho Promise, an 84.37 carat round brilliant diamond in Graff Jewellers growing collection of rare and exquisite diamonds.

Rio Tinto Diamonds 23rd annual Argyle pink diamond tender has set record breaking prices. Every year Rio Tinto sells the year’s harvest of pink diamonds from purpleish reds to deep pinks.

This year 65 diamonds were tendered and sold to 17 bidders. While exact prices are not being disclosed, Rio commented that such diamonds are known to command more than $400,000 per carat.

The 2007 Argyle Signature Stones tender attracted approximately 100 bidders due to several very rare finds, including a rare grey-violet diamond and sever deep purplish-red diamonds.

The Argyle mine currently supplies roughly 90% of the world’s pink diamonds and the Argyle Signature Stones are the pick of the very best.

Gucci has released a new luxury timepiece, the Horsebit Cocktail watch. Adorned with a diamond pav‚ or semi-four, delicate horsebits clasp the watch’s slightly convex case, creating a jewel-like silhouette.

Available in two sleek treatments — stainless steel or white gold — the watch comes with either a lizard skin or satin strap, in black or white shades.

On the bands’ reverse, Gucci’s double-G logo is imprinted on kid-skin leather. A minimalist metallic dial — and a diamond-accented crown on the most deluxe versions — adds a decidedly sophisticated finish.

Designed by Gucci Creative Director Frida Giannini, the Horsebit Cocktail watch reflects Giannini’s strength for melding the house’s celebrated heritage with the ideals of modern luxury.

When it was announced that Pamela Anderson had married Paris Hilton’s ex-boyfriend, Rick Salomon, I’m sure that someone told Paris “This would be seriously funny”.

The present? A video camera with a note attached saying ” Congrats Mrs. Salomon, but be warned…love Paris.” You think Paris was referring the to the sex tape she had made with Rick just a few years ago? Nah, that would be mean, and we all know that the mean girl is Lindsay.

A source claims that Pam laughed it off and passed the box to Rick.