Bulgari 8-Carat Blue Sells for $18M at Christie's

10/12/2018 15:21

A ring made by Bulgari and set with fancy vivid blue diamond weighing 8.08 carats was sold for $18,312,500 at Christie’s New York Magnificent Jewels auction, beating its presale estimate of $13 million to $18 million. The cushion-cut Type IIb Fancy Vivid Blue of natural color, VS2 clarity garnered $2.27 million per carat, and was the top lot at the Magnificent Jewels auction, which totaled $69,225,750 and also included a rare, 15.56-carat heart-shaped pink diamond set in a pendant, selling for $9,537,500.

A pair of fancy yellow diamond earrings weighing 37.87 carats and 36.80 carats sold for $1,572,500. Nicknamed the Foxfire Diamonds, the fancy yellows were extracted Canada’s Rio Tinto Diavik diamond mine. Another fancy diamond, an 8.09-carat oval shaped, internally flawless yellow diamond ring made in 1925 by Gillot & Co. sold for $1,308,500. The sale took place during a week in which a 10.62-carat, fancy-vivid-blue diamond attached to a $20 to $30 million estimate  failed to find a buyer at Sotheby’s in New York on Tuesday.