Last week was the week of fancy colored diamonds. Kicking off the week was Christie’s Geneva sale of Magnificent Jewels on November 10, which ended with the sale of a Fancy Vivid Pink diamond that sold for $28.8 million. The 16.08 carat, cushion shaped diamond was quickly nicknamed “Sweet Josephine” by the buyer. The precious pink diamond helped the sale’s total come to a whooping $109.5 million, selling 80 percent by lot and 86 percent by value. Read about our first post on this here.
“We have had a very busy few days here in Geneva as clients have come from all over the world,” said Rahul Kadakia, International Head of Christie’s Jewellery Department after the auction. “Selling the largest vivid pink cushion shaped diamond to come to auction is a privilege and to sell it for a new world auction record prize is a strong indication that there is still demand from clients from the end of the market for these truly precious stones,” Kadakia continued.
Photo courtesy of the Guardian.
Following the Christie’s sale, on November 11, 2015, was Sotheby’s Magnificent Jewels and Noble Jewels sale which was also jam packed with incredible jewel after incredible jewel. Leading the 500 lot sale was the exceedingly rare and outrageously beautiful, 12.03 carat, cushion shaped, Blue Moon diamond which sold for $48.5 million, setting the record for the most expensive jewel ever sold at auction. It set new records for any jewel, any diamond of any color, any gemstone, price per carat for any diamond – you get the picture. Read about our first post on the Blue Moon here.
This rare wonder, graded Fancy Vivid Blue and Internally Flawless, was unearthed at the Premier Mine at Cullinan, owned by Petra Diamonds, in South Africa, the only known mine today for producing blue diamonds with some regularity. In fact, out of the eighteen million tons mined and five million carats recovered from the mine, only five world-class blue diamonds have emerged from Cullinan, or less than 0.1 percent of the mine’s annual yield.
The name Josephine now reigns supreme in the kingdom of colored diamonds. Following the sale of the Sweet Josephine pink at Christie’s, the magnificently rare Blue Moon diamond has been renamed The Blue Moon of Josephine. Both diamonds were sold to a private collector (reportedly Hong Kong’s sixth richest man Joseph Lau).
“I am absolutely delighted with this evening’s record result, this show stopping blue diamond surely is a once in a lifetime stone. I’m also pleased to say that tonight’s sale takes our total in Geneva for this year to an unprecedented $300 million, following our record breaking sale in May. The star of the evening, the ‘Blue Moon of Josephine’ was discovered at the Cullinan Mine, which is owned by Petra Diamonds, and was polished to perfection by Cora International. It now takes its place among the world’s greatest diamonds” said David Bennett, Sotheby’s Worldwide Chairman of Jewellery.
Also setting a record, a 15.20-carat Fancy Orangy-Pink diamond pendant from the collection of Sir Sean Connery. The diamond set a world auction record for a Fancy orangy pink diamond when it sold for $4 million. Who knew 007 owned diamonds? I guess we should not be surprised.