Sale of Blue and Red Diamonds Show Ongoing Demand For Colored Gemstones
The sale last month of two spectacular diamonds show the continuing demand for colored gemstones in general – and spectacular gems in particular. The sales also served to keep the spot light on colored diamonds and the advantages they bring in bringing not just sparkle, but deep and intense color that also offer fashion options.
The Zoe Diamond
A 9.75-carat, pear-shaped diamond, sold at Sotheby’s in New York in November, for $32,645,000 ($3,348,205 per carat) set two new world auction records: for the price for any blue diamond, and for the price-per-carat for any diamond.The diamond was the center of attention of seven bidders who competed for it for 20 minutes, before finally being sold to a Hong Kong private collector who named it The Zoe Diamond. The diamond is accompanied by a GIA report stating that the diamond is Fancy Vivid Blue, natural color, VVS2 clarity, potentially internally flawless.
The previous per-carat auction record for any diamond was $2,398,152, set by a 14.82-carat fancy vivid orange diamond at Christie’s in Geneva in November 2013.
The previous auction record for any blue diamond was $24,311,191, or $683,000 per carat, set by the Wittelsbach diamond at Christie’s London in December 2008. Weighing 35.56 carats, the famous stone has a GIA report stating that it is Fancy Deep Greyish Blue color, VS2 clarity and a Type IIb exceptional stone.
All but one of the 42 lots on offer were sold, with 93 percent of sold lots achieving prices in excess of their high pre-sale estimates.
The sale also saw a fancy blue diamond pendant, with a pear-shaped diamond weighing 9.15 carats, VS1 clarity, sell for $2,965,000, double its high pre-sale estimate of $1.5 million.
Meanwhile, a gold and diamond Rivière by Cartier circa 1948, set with 29 old European-cut diamonds weighing approximately 111.00 carats and completed with a clasp set with a round fancy deep yellow diamond weighing 4.20 carats, sold for $2,797,00, nearly double its $1.5 million pre-sale high estimate
An Important Fancy Blue Diamond Pendant, the pear-shaped diamond weighing 9.15 carats, VS1 clarity, which sold for $2,965,000, double its high estimate of $1.5 million
Sold for $5.1 million
In addition, two new world records were also set at a Christie’s auction in late November with the sale of a red diamond ring designed by London-based Moussaieff Jewellers. The 2.09-carat, heart-shaped fancy red diamond was set in the center of six petal-shaped white diamonds in an 18K white gold ring.The red diamond ring was sold as part of Christie’s Hong Kong Magnificent Jewels auction for $5.1 million.Vickie Sek, deputy chairman of Christie’s Asia and director of Christie’s jewelry and jadeite department, commented, “One of the finest red diamonds ever offered for sale achieved a world record price of well over $2 million per carat. It is also the most expensive red diamond ever sold at auction.”
And at Sotheby’s in Hong Kong, a 13.88-carat fancy intense yellow diamond and white diamond ring sold for almost $470,000. The yellow diamond is set between two trapeze-shaped diamonds together weighing around three carats, mounted in platinum and 18K yellow gold.