Twin Blue Diamonds Lead Christie's Auction at $7M

Jewelry
18/04/2019 10:11

A twin-stone colored diamond ring featuring fancy vivid blue pear-modifiedbrilliant-cut diamonds of 3.06 and 2.61 carats was the headline item at Christie’s New York Magnificent Jewels auction on 16 April, selling for $6.7 million, or $1.2 million per carat. The hammer price fell right within its $6-$8 million pre-sale estimate. 

The sale total including buyer’s premium was $30,315,875. The sale sold 88% by value and 86% by lot. Significant prices were achieved for colored diamonds and colorless diamonds, with six lots achieving over $1 million, including a Rectangular-cut of 16.33 carats, that sold for $1,575,000; a Marquise-cut D color, Type IIa, potentially IF Diamond of 16.69 carats, from The Collection of Elizabeth Stafford, which realized $1,455,000; a Fancy Pink Diamond of 6.11 carats that sold for $1,395,000; and a Fancy Intense Yellow Diamond of 37.65 carats, which realized $1,005,000. 

Other notable results included an iconic Gold, Ruby and Diamond ‘Zip’ Necklace by Van Cleef & Arpels that sold for $483,000 against a low estimate of $150,000; and an Art Deco Enamel and Gold Snow White and the Seven Dwarfs Charm Bracelet by Cartier created in 1937 to commemorate Disney’s first animated film sold for an incredible $118,750 over seven times its low estimate of $15,000-$20,000. The orginal price for the bracelet featuring depicting Snow White, Doc, Grumpy, Happy, Sleepy, Dopey, Bashful and Sneezy was $100.