Harry Winston Wins Top Item at Christie’s NY

43.10-carat Kashmir sapphire.

Christie’s sold a Kashmir sapphire and diamond bracelet to Harry Winston for $6 million on Tuesday, kicking off the December New York Magnificent Jewels season.

The piece, which led the auction house’s New York sale, featured a 43.10-carat sapphire surrounded by 67.90 carats of D-color, internally flawless diamonds. The final price fell within the estimate of $5 million to $7 million that Christie’s had given ahead of the sale.

“We are very proud to have purchased this extraordinary Kashmir sapphire, which joins the ranks of the finest diamonds and colored gemstones acquired by Winston to form our superb Legacy Collection,” Harry Winston CEO Nayla Hayek said in a statement Tuesday.

Christie’s brought in $44.6 million at the 10-hour Magnificent Jewels auction, with 95% of items selling by value and 91% by lot, it reported. Bidders took part from 39 countries, with the final sales total equal to 118% of the items’ combined low estimates.

Sapphires were a theme at the sale: A 1917 Van Cleef & Arpels ring featuring a 21.72-carat cabochon Kashmir sapphire ring went for $1.7 million, while a necklace with an 80.86-carat Burma sapphire in the center fetched $1.1 million. Meanwhile, a Cartier brooch set with an Art Deco Kashmir sapphire weighing 12.64 carats, formerly from the collection of Jean Stralem, realized $1.5 million.

Other highlights included a pair of earrings containing fancy-intense-purplish-pink and fancy-intense-pink diamonds, weighing 2.61 and 2.34 carats. The piece sold for $2.1 million.

The auction preceded the Sotheby’s New York Magnificent Jewels sale, which takes place Wednesday. A ring featuring a fancy-vivid-pink diamond flanked by two fancy-intense-blue diamonds — estimated at up to $12 million — will headline that event.

Source: Diamonds.net

A 28 carat emerald shape type 2A diamond became the most expensive auctioned online

28.86 carat diamond ring

On Tuesday, Christie’s auctioned off the most expensive jewel ever sold on an online auction. The 28.86 carat diamond sold for $US2,115,000 million.
One of the rarest diamonds in the world, the Type 11a diamond is formed from pure carbon.

“The spectacular 28.86 carat D colour diamond received immediate attention upon its announcement,” Christie’s Head of Jewellery Rahul Kadakia said in a statement. “The stone possesses a transparency and purity which can only be found in the world’s finest diamonds.

The sale of this exceptional stone established the record for a jewel sold in an online only auction, demonstrating greater client confidence in Christie’s digital ability and online sale platform.”

The sale was the final day of Christie’s Jewels Online sale.

28 Carat Diamond Could Fetch $2 Million At Christie’s Online Auction

28.86 carat diamond ring

Christie’s is offering the largest D-color diamond to be sold at an online auction. What may be more important is that this sale could establish a new way of selling statement diamonds and gems.

A 28.86 carat, D color, VVS1 clarity diamond is the top lot at Christie’s Jewels Online sale, June 16 – 20. Its estimate is $1 million – $2 million, making it the highest valued lot ever offered for sale online at Christie’s.

With live auctions closed in response to the coronavirus pandemic, auction houses have turned to its already robust infrastructure of online auctions and it has paid off for the two largest auction houses, Christie’s and Sotheby’s, with sell-through rates well above 90 percent and many items surpassing estimates. However, what is being sold is limited to signed and unsigned period jewels at lower values than what are normally sold at live auctions.

118ct. Yellow Smashes Estimate at Christie’s

Chrisites Geneva The Siba Diamond

A diamond bought in memory of late diamantaire Sam Abram sold for more than double its high estimate at Christie’s Geneva auction Wednesday.

The cushion brilliant-cut, 118.05-carat, fancy-yellow, VS2-clarity stone fetched $7.1 million, or $60,000 per carat, at the Magnificent Jewels auction. The diamond, which was estimated at $2.5 million to $3.5 million, was purchased by Siba Corp. in honor of its former president. The company subsequently named it The Siba Diamond.

Three ruby pieces broke the top 10, all selling for well above their estimates. A 22.86-carat Burmese ruby ring by Harry Winston went for $7.2 million against its high estimate of $3 million, a final price of $314,900 per carat. Meanwhile, a Van Cleef & Arpels ruby and diamond necklace, which was valued at $400,000 to $600,000, garnered $2.4 million, and a ruby and diamond bracelet by the same jeweler fetched $1.6 million. That piece was estimated at $150,000 to $250,000.

A necklace comprising 110 natural pearls achieved $5.8 million, well above its high estimate of $3.5 million. All other pearl pieces of note offered at the sale also exceeded their original estimates, Christie’s said.

Other notable lots included a pear-shaped, 75.61-carat emerald pendant necklace that belonged to the Grand Duchess Vladimir of Russia, which sold for $4.3 million, or $57,300 per carat. It was estimated at $2.3 million to $3.5 million.

“Natural pearls and jewels with noble provenance, such as the 75.61-carat emerald from Grand Duchess Vladimir of Russia, found much acclaim and sold for far above their presale estimates,” said Rahul Kadakia, Christie’s international head of jewelry. “Also of note was the 118-carat, fancy-yellow diamond that was purchased by Siba Corp. in honor of Sam Abram, a prominent figure in the jewelry world, who very sadly passed away last week.”

In addition, the rectangular-cut, 25.27-carat, D-color Jonker V diamond connected to Anglo American founder and former De Beers chairman Sir Ernest Oppenheimer fetched $3 million against a valuation of $2.5 million to $3.5 million.

Christie’s sold 87% of all lots on offer, it said. The sale brought in a combined $62.1 million.

Source: Diamonds.net

20ct. Flawless Diamond Leads Christie’s Sale

Christie’s Magnificent Jewels auction

The exceptional 20.47 carat D colour type IIa old mine brilliant cut,  diamond has sold for USD $2.7 million.

The D flawless diamond was the top seller at Christie’s Magnificent Jewels auction in New York on Tuesday.

The Christie’s pre-sale estimate for the diamond was $2.5 million to $3.5 million.

 

163ct D Flawless Diamond to be Auctioned at Christie’s

163ct. D Flawless Diamond at Christie’sAuction

The emerald cut diamond weighing  163.41 carats will be the largest D colour  flawless diamond to appear at an auction.

The 404.20 carat “4 de Fevereiro,” alluvial rough diamond that Lucapa Diamond Company recovered is the largest rough diamond in history originating from Angola.

The Rough Diamond was recovered at Lulo mine in Angola in February 2016, and sold for $16 million USD later that month by Lucapa.

The auction will take place on November 14, in Geneva at the Four Seasons Hotel des Bergues .