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.
The 24-carat pear-shaped, fancy yellow Moon of Baroda diamond famed for its association with Marilyn Monroe sold for $1.3 million at the Christie’s Hong Kong jewelry auction on Tuesday, easily beating estimates of $500,000 to $750,000.
The “Pink Legacy”, a diamond weighing just under 19 carats, fetched 50.375 million Swiss francs ($50 million), at Christie’s Magnificent Jewels sale in Geneva, setting a world auction record. U.S.-based luxury jeweler Harry Winston, owned by Swatch, purchased the rare gem, Christie’s said on Tuesday, and promptly renamed it “The Winston Pink Legacy”. The Fancy vivid pink, VS1 clarity, Type IIa cut-cornered rectangular-cut diamond weighing 18.96 carats, was sold for $49.9 million, or $2.6 million per carat, which is a world record price for a pink diamond.
Christie’s in Hong Kong will auction on 27 November the 24.04-carat pear-shaped, Fancy Yellow Moon of Baroda diamond Marilyn Monroe wore to promote the release of the Howard Hawk’s 1953 film, Gentlemen Prefer Blondes. It could be value anywhere from $500,000 to $750,000, perhaps more. Christie’s will also auction an autographed photo of the actress wearing the stone. The picture has a presale valuation of $10,000 to $15,000.
Christie's has announced that the 18.96-carat Pink Legacy – the largest and finest Fancy Vivid Pink diamond the auctioneer has ever put on the block – will be offered for sale at their Magnificent Jewels auction in Geneva on 13 November. With an estimated price of $30 million to $50 million, it has the potential to break the record price per carat for its color category. That record is currently held by ‘The Pink Promise’, an oval-shaped Fancy Vivid Pink diamond of just under 15 carats, which Christie's sold in Hong Kong last year for $32,480,500 - an incredible $2,175,519 per carat.
From the Martian Pink from the Perfect Pink, the Sweet Josephine to the Pink Promise, Christie’s jewelry specialist Marie-Cécile Cisamolo tells the stories of the ten most prized pink diamonds the auction house has ever sold. Prices for top-quality, large pink diamonds have increased exponentially in recent years, driven by collector demand and increasingly limited supply. Pink diamonds gain their highly desirable color as a result of a rare, naturally occurring slippage of the crystal lattice in the stone while it is forming deep within the Earth’s crust.
A 3.09-carat rectangular-cut Fancy Intense Blue diamond sold for more than $5.375 million at Christie’s New York Magnificent Jewels auction last Tuesday, setting a world record price for an intense blue diamond at $1.739 million per carat, nearly doubling its pre-sale high estimate of $2-$3 million.
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.
An incredibly rare 14.93-carat Fancy Vivid VVS1 pink diamond, which Rahul Kadakia, International Head of Jewellery at Christie’s, described as the "Picasso of the Pink Diamond world," sold for $31,861,000 (HKD 250 million), or approximately $2.13 million per carat, at Christie’s Magnificent Jewels Hong Kong auction on November 28. The diamond, referred to as The Pink Promise Diamond, is an oval-shaped fancy vivid pink Type IIa diamond, weighing approximately 14.93 carats, set within a circular-cut diamond surround, gallery and hoop. Its Fancy Vivid Pink color (as opposed to Fancy Intense Pink) is a designation given by the GIA and represents the most prized color grading in a pink diamond.
The largest-ever D-flawless diamond to be put up for auction, mounted in a diamond and emerald necklace, sold for $33.7 million Tuesday night, including buyer’s fees. The white “Creation 1” diamond from Swiss jeweler de Grisogono weighs 163 carats. The hammer went down at 29.5 million Swiss francs ($29.7 million), excluding the buyer’s premium — around the midpoint of the pre-sale estimates before the auction at Christie’s in Geneva. The buyer was not immediately identified.
Australian junior miner Lucapa Diamond Company and its partners, recovered a 129.58 carat rough diamond from the Lulo Diamond Project in Angola, the eight stone above 100 carats since commercial production started in 2015.
A legendary 19.07 carat pink diamond of historic Royal French provenance will be offered for sale at Christie’s Magnificent Jewels auction in Geneva on 14 November 2017, the auction house reports in a press release. The magnificent stone has been in the collection of four kings, four queens, two emperors and two empresses, starting with the Sun King, Louis XIV. It is one of France’s most storied gems, with three centuries of royal provenance.
A massive emerald-cut diamond fashioned from Lucapa Diamond's 404 carat rough stone - the largest rough diamond ever recovered in Angola - will go under the hammer on November 14 at Christie’s in Geneva. "Set into an asymmetric necklace designed by de GRISOGONO, this 163.41 carat, flawless D-colour emerald-cut diamond is the largest ever to come to auction", reads the press release from the auction house. In February 2016, Lucapa Diamond Company announced the discovery of the biggest recorded diamond in Angola, confirmed as a Type IIa D-color gem-quality stone.
Jeweller Harry Winston purchased the "Rockefeller Emerald", a flawless 18.04-carat Colombian emerald, for more than $5.5 million at Christie’s New York Magnificent Jewels auction.
Christie's Hong Kong yesterday auctioned off the famous 'Jonker No. 5' diamond for $5.3 million, soundly beating the pre-sale estimate of $2.2 million to $3.6 million. The 'Jonker No. 5' is part of a legendary collection of 13 stones fashioned from one of the most famous diamonds in history: the 726-carat piece of rough discovered by Jacob Jonker in South Africa in 1934, which at the time was said to be the fourth largest gem-quality diamond ever recovered. The Type IIa stone is D color, VVS2 clarity, rectangular-cut and weighs 25.27 cts.
"A Magnificent Diamond Ring" from Van Cleef & Arpels was the top earner at Christie’s New York Magnificent Jewels sale at Rockefeller Center on Wednesday. The ring realised a price of $2,587,500, within its pre-sale estimated range of $2.2 - 2.7 million. The D-color, internally flawless, Type IIa diamond is set with a rectangular-cut center diamond, weighing approximately 22.03 carats, flanked on either side by a triangle-shaped diamond. Total sales at the auction were $35.2 million.
Christie’s upcoming auction of Magnificent Jewels will take place on May 17 at the Four Seasons Hotel des Bergues. Consisting of approximately 250 exceptional jewels, it will include a thematic section comprising 30 exceptional pieces from Italian makers, important gem stones, coloured diamonds and signed jewels.
Christie's Hong Kong will auction two exceptional articles at the Spring Sale of Magnificent Jewels on May 30. One extraordinary piece is the Emerald and Diamond Palmette Necklace, while the other is the renowned and stunning Harry Winston Jonker V. The 'Jonker No. 5' is part of a legendary collection of 13 stones fashioned from one of the most famous diamonds in history: the 726-carat piece of rough discovered by Jacob Jonker in South Africa in 1934, which at the time was said to be the fourth largest gem-quality diamond ever recovered.
Christie’s Magnificent Jewels Auction, which took place at the Rockefeller Plaza in New York on Wednesday, saw $51 million worth of jewelry go under the hammer. A GIA-certified Type IIa rectangular, 51.35-carat, D-color, VVS1 diamond fetched a whopping $5.6 million - over $108,000 per carat - well within the estimated $5 to $7 million.
Tuesday November 29 was a big day for jewelry auctions in Hong Kong, as Christie's Magnificent Jewels Auction achieved a total (incl. buyer's premium) of US$78.8 million (HKD 611,146,250 million), while Sotheby’s sold $3.5 million (HKD 26.8 million) worth of jewelry at its Important Jewels and Jadeite auction.
Rare Diamond House – Antwerp (RDH) holds the world’s largest selection of investment grade D Flawless diamonds of 10 carats and up. Since 2008, RDH has been involved in buying, selling or valuing the majority of diamonds of this caliber that have appeared at auction.
This evening at Christie’s Magnificent Jewels auction in Geneva, Boehmer et Bassenge's Miroir de l’Amour, the world’s largest perfect pear-shaped diamond drops - two D color, Flawless clarity diamonds of 52.55 and 50.47 carats, with perfectly symmetrical cuts - sold for $15.5 million, or nearly $17.5 million after the auction premium, falling beneath the estimate of US$/CHF 20 to 30 million.
Christie’s Magnificent Jewels auction on 15th of November in Geneva will be led by exceptional lots, with pieces designed by Van Cleef & Arpels, Cartier, David Webb, Harry Winston. The auction will also feature the debut of jewels from BOEHMER ET BASSENGE’s first collection. According to Christie’s press release, the collection from the new Maison de Haute Joaillerie consists exclusively of large, D color, flawless clarity diamonds. The auction house will be presenting two pieces, which will be on display in Hong Kong, London, New York and Geneva prior to the auction.
The Diamond Investment and Intelligence Center (DIIC) takes a look at the tactics of auction houses for promoting unique and high-end diamonds - particularly Fancy Color Diamonds - to maximize their value at auction. How do they attract their clients and what happens when, as we saw with the Lesedi La Rona just this week, a diamond fails to sell.
The 'Cullinan Dream' has taken over as the largest and most expensive fancy intense blue diamond ever sold at auction after going under the hammer at Christie’s New York Magnificent Jewels sale on Thursday for $25.3 million. Interestingly, however, after the high prices seen in recent auctions, the 24.18-carat cut-cornered rectangular mixed-cut gem sold at the low end of its $23 million – $29 million estimate.
The largest ever Fancy Vivid Green diamond – the “Aurora Green” - a rare 5.03-carat stone has been sold to Chow Tai Fook at Christie’s Magnificent Jewels auction in Hong Kong for nearly $17 million ($16,818,983), or $3.34 million per carat. The stone has VS2 clarity and no fluorescence, which is extremely rare for such a diamond. “The Aurora Green” diamond ring with its 5.03-carat rectangular-cut Fancy Vivid Green diamond centre stone is surrounded by circular-cut pink diamonds.
A matte white Diamond Himalaya Niloticus crocodile diamond Birkin 30 with 18k white gold and diamond hardware was sold for $300,168 (HK$2.33M) by auction house Christie's for a private Asian collector, making it the most expensive handbag ever sold. Described as a piece of "fashion history": "The diamond pieces created by Hermes are exceptional, but none are nearly as iconic as the Himalaya," Christie's said in a press release prior to the sale.
"It’s a blue streak," writes JCK's Rob Bates, reporting on yet another exceptional blue diamond - this time the 24.8-carat Cullinan Dream - that will be hitting Christie's Magnificent Jewels auction block in New York on June 9, 2016. "Extracted from the legendary Cullinan mine in South Africa in 2014, the Cullinan Dream is the largest Fancy Intense Blue diamond ever to be offered at auction," reads Christie's announcenent.
Following a week that saw the Oppenheimer Blue break all auction records for a polished diamond, and in which the sale of his own Unique Pink Diamond broke the record for a pink stone, industry analyst and veteran diamond trader Ehud Arye Laniado examines the 'how' and 'why' of the recent spate of diamonds achieving record prices.
The 14.62-carat “Oppenheimer Blue,” the largest fancy vivid blue diamond ever offered at auction, set a world auction record, selling for more than $58.2 million (including commission and fees) reports Anthony DeMarco of Forbes. "The rectangular-shaped gem, with a high estimate of $46.1 million, was the lead item at Christie’s Geneva Magnificent Jewels sale. It managed to beat the 12.03-carat “Blue Moon of Josephine,” which sold for a world record of $48.4 million in November 2015 . It’s hammer price of approximately $51.3 million easily topped the Blue Moon."
The auctioneer says it will put the 'Aurora Green,' the world’s largest green diamond, on the block in Hong Kong at a May 31 sale. The rare radiant-cut 5.03-carat fancy vivid green diamond has VS2 clarity and no fluorescence and is likely to be the highlight of Christie’s Magnificent Jewels auction. Some media reports have cited sources as saying it has been valued at $16 million to $20 million, or $3.2 million to $4 million per carat. Given the popularity of the color green in Asia, it is likely the winning bidder will be an Asian collector or investor.
Set to be the largest Vivid Blue diamond ever to appear at auction, a classical emerald cut stone weighing 14.62-carats, the Oppenheimer Blue is one of "the rarest gems in the world, the gem of gems", says François Curiel, Chairman of Christie’s Asia Pacific and China. The stone will lead Christie’s auction of ‘Magnificent Jewels’ to be held at the Four Seasons Hotel des Bergues in Geneva on 18 May. The diamond - named after its previous owner, the late Sir Philip Oppenheimer, who died in 1995 - is estimated at $38m to $45m (£26.5m-£31.4m).
Jewelry and other valuables from the estate of comedienne Joan Rivers who died in 2014, including items created by Cartier, Van Cleef & Arpels, Harry Winston, Fabergé, and Tiffany & Co., will also be sold in a sale from June 16-23, the auction house announced. More than 200 lots will be offered in a live sale on June 22 and approximately 80 lots in an online auction.
Auctioneer Christie’s generated $59.7 million from the sale of jewelry at its New York auction on December 10, with the top-selling item being the rectangular-cut, 31.34-carat, D-color ‘Victory’ diamond ring for $4.3 million. The diamond, which commemorates the Allied victory in World War II, sold for $137,492 per carat. It fell comfortably within Christie’s pre-sale estimate of $4 million to $5 million. Meanwhile, a cushion-cut, 43.79-carat, D-color diamond ring was acquired for $4 million, and a 103.66-carat diamond pendant necklace was bought for $3.7 million.
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.