Last Wednesday, October 22nd, Christie’s New York sold a cushion cut, L color, VS2 diamond weighing 101.36 carats for almost $5 million, or $49,100 per carat, during it’s Important Jewels auction. The entire sale totaled $33.7 million. Only 75% of the sale sold by lot and 77% sold by value.
The second highest grossing lot was a rectangular and circular cut, K color, faint brown, VVS1, diamond pendant weighing 81.38 carats, which garnered almost $3.2 million.
International Head of Christie’s Jewelry, Rahul Kadakia commented, “Fine quality colorless diamonds achieved strong prices with international bidding”.
In addition to the 101 carat diamond, a number of other colorless diamonds dominated the auction’s top 10 lots, including an H color, rectangular cut 23.89 carat diamond that garnered $1.6 million; an F color, potentially internally flawless diamond weighing 16.07 carats that sold for $1.5 million; and a rectangular cut, G color VVS2 diamond of 16.99 carats that went for $1.1 million.
Also included in the top lots was a 15.08 carat Cartier diamond ring that sold for $1.1 million and a Tiffany & Co. Ceylon sapphire and diamond ring that garnered $587,000.
The sale’s top lot, the 101.36 carat diamond sold on the low end of its estimate at $4,981,000 or $49,100 per carat. The necklace and the catalogue’s cover star, featuring the 81.38 carat rectangular cut K color faint brown diamond brought $3,189,000. Of the top ten lots sold, only six diamonds achieved prices over $1 million. No new records were made in this sale.
This 3.51 carat pear shaped Fancy Intense green diamond failed to sell, the estimate was $800,000 to $1.2 million.