New York Auctions Got the Blues: Graff Ring Tops $12.5M at Christie's

07/12/2017 14:41

A "superb twin-stone colored diamond ring by Graff" soared past its $6,500,000 - $8,500,000 estimate to earn $12,575,000 at hammer time yesterday during Christie’s Magnificent Jewels sale. The remarkable sale comes just a day after another blue diamond fetched $15.1 million at Sotheby's New York auction. The Graff ring is of crossover design, set with two pear modified brilliant-cut fancy vivid blue diamonds, weighing approximately 3.36 and 2.71 carats, are fancy vivid blue, natural color, VVS2 and VS1 clarity, respectively; each is accompanied by a working diagram indicating that the clarities of the diamonds are potentially Internally Flawless.

A round brilliant-cut diamond, weighing approximately 45.46 carats,D color, Flawless clarity, with excellent cut, polish and symmetry was estimated at $6.25 - 7.25 million failed to sell, but another ring set with a cut-cornered square step-cut D color, VS1 clarity diamond, weighing approximately 38.91 carats, flanked on either side by three tapered baguette-cut diamonds beat its estimated high of $3.5 million, achieving $3,642,500. The overall sales at the auction achieved $62.6 million.