Christie’s will for the second time auction the 'Victory' diamond named to commemorate the Allied victory in World War II on in New York on December 10. The diamond was previously out under the block by Christie’s in 1984. Other notable stones to be offered for sale at the auction include the 'Petrie' diamond ring, a D color stone of 24.34 carats by Harry Winston, and a diamond pendant of 103.66 carats as well as a selection of fancy colored pinks, blues, oranges and yellows.
Christie’s Hong Kong sold the Crimson Flame, a rare Burmese ruby for $18 million, setting a world auction record per carat of $1.2 million. The sale of Magnificent Jewels realized $96,904,062, selling 80% by lot and 83% by value. Meanwhile, a flawless gem, the Afghan Emerald fetched $2.2 million, establishing a world record price for an Afghan emerald at auction. The sale attracted 160 buyers from 16 countries from three continents.
Record-breaking sales of colored diamonds at auctions earlier this month and the discovery of a 1,111-carat stone in Botswana which grabbed worldwide attention contrast sharply with sharp declines in share prices of publicly traded firms dealing with everyday diamonds, the Financial Times reports.
The auction house reports a rare 25-carat barrel-shaped pink diamond has been found among the jewelry collection of former Philippine first lady Imelda Marcos. The government asked the auctioneer to appraise her collection of rare stones ahead of a possible sale. The collection comprised of three sets of jewelry confiscated almost three decades ago after the fall of Imelda's husband, the late dictator Ferdinand Marcos is being appraised by Christie's and Sotheby's.
There may have been a huge amount of media coverage of the sales at Sotheby’s and Christie’s in Geneva this week which is great for a subdued diamond trade, but do the record-breaking auctions really mean that much, asks analyst Avi Krawitz.
A 16.08-carat cushion-shaped fancy pink diamond was bought for $28,523,925 at Christie’s in Geneva setting a new world auction record for any pink diamond ever offered at auction. The stone was bought by a private Asian buyer, who named it just after the auction 'Sweet Josephine.'
Christie’s is to auction former British Prime Minister Margaret Thatcher's jewelry collection in the year that she would have celebrated her 90th birthday. The collection features around 350 historic and personal lots to be sold at two sales. An online only sale comprising 200 lots will take place from December 3 to 16 December, while an auction of 150 lots will be held at Christie’s headquarters in London on December 15. The sale take place 25 years after Margaret Thatcher (1925-2013) left office following 11 years as Prime Minister.
Christie’s Hong Kong will offer the Crimson Flame, a 15 ct. pigeon’s-blood Burmese ruby at its Magnificent Jewels auction on December 1. It is estimated at $10 million–$15 million. Christie's is calling it "by far the most important pigeon’s blood ruby to be offered at auction in Asia." Last spring a Burmese ruby and diamond necklace by Etcetera sold for nearly $118 million.
The 16.08-carat fancy vivid pink diamond which is set in a ring goes under the hammer at Christie's in Geneva on November 10, and may become one of the 10 most expensive precious stones ever sold at auction. The stone has the purest form of pink color with no traces of secondary colors, such as purple, orange, brown or gray.
Christie's first Important Jewels sale of the fall season netted a total of $20 million ($19,969,375), with a 75.56 carat brilliant-cut fancy vivid yellow diamond ring as the top item, selling for $3.6 million. The auction featured over 300 individual jewels, with estimates for items ranging from $3,000 to $3-4 million. The auctioneer said online bidding was an active element in the sale, with clients participating from locations including Hong Kong, Indonesia, Monaco, the United Kingdom, and all over the United States.
A 75.56-carat brilliant-cut fancy vivid yellow diamond ring, the pièce de résistance of the upcoming Important Jewels sale at Christie’s New York, has been estimated at $3–$4 million. “'Fancy vivid' represents colored diamonds of the highest quality in color saturation.
The international auctioneer said the pre-sale estimate for the largest cushion-shaped Fancy Vivid Pink diamond to be offered for sale at auction was $23 million to $28 million. The diamond is the standout item at Christie’s Magnificent Jewels auction on November 10 in Geneva.
Daniel Struyf, who has been a jewelry specialist at Christie’s since March 2011, is now the international jewelry director at Bonhams, a newly created role. Struyf is a jewelry auction and industry veteran who is fluent in multiple languages and has worked in the three major jewelry hubs around the world - Christie's, diamond company Backes & Strauss in Antwerp and Olympic Diamond Corp.
Following its $118 million jewelry auction in Hong Kong which set a new record for the most valuable jewelry auction ever held in Asia, Christie's is preparing for its Important Jewels sale on June 16 in New York. More than 200 lots will be offered, including colored and colorless diamonds, rare gemstones, and signed designer jewels, with the auction forecast to generate $18 million in sales.
The June 2 sale was led by fancy colored diamonds and colored gemstones, and created new records for fine jewelry auctions in Asia, Christie's reported.
A fuchsia-coloured crocodile-skin Hermes bag has broken the record for the most expensive handbag sold at auction, selling for US$222,912 at a Christie’s auction in Hong Kong. The bag, part of the “Birkin” series named after actress and singer Jane Birkin, who was born in Britain and is based in France, features a gold and diamond-encrusted clasp and padlock. “With its 18k white gold and diamond hardware, Hermès Shiny Fuchsia Porosus Crocodile Diamond Birkin 35 dazzled the crowds, achieving a HK$1.72 million record,” Christie’s said in the statement.
An exceptional sapphire and diamond ring set a new world auction record for a Kashmir sapphire at a Christie's auction in Geneva. The 35.09-carat cushion-shaped Kashmir sapphire was acquired by an Asian buyer for a record $7,357,999, or $209,689 per carat. The gem was the third highest-selling lot at the auction which generated sales of $97,515,535.
The global auction house swung to a first-quarter profit on lower expenses despite a small drop in revenue. Although prices and demand for art and collectibles, including diamonds, gemstones and jewelry, have posted record highs recently, Sotheby’s bottom line has struggled to keep pace in its ongoing historic competition with rival Christie’s International.
Christie’s Magnificent Jewels auction in New York City saw a 5.29 carat fancy intense purplish-pink diamond sold for $5.76 million, or $1.09 million a carat, to an American buyer – just beyond its high pre-sale estimate of $5 million.
The heirs of the late Italian senator Renato Angiolillo are suing Christie’s, claiming it sold stolen property when it auctioned the Princie Diamond for $39.3 million in 2013. At the time of the sale of the 34.65 ct. fancy intense pink cushion-cut stone to an anonymous buyer, it was the most expensive jewel ever sold in the auction house’s history and the most expensive jewel ever sold at auction in the U.S.