Christie’s Geneva – Page 3 – The Diamond Certification Laboratory of Australia (DCLA)

Christie’s Online Jewelry Auction Sells Out

Christie’s garnered $799,125 from its online sale of jewelry by designer Michele della Valle, with 100% of items finding buyers.

The top lot at the auction was a pair of yellow sapphire, tsavorite garnet and diamond lemon earrings, which went for $75,000, smashing its $10,000 high estimate, Christie’s said last week. Another set of earrings — containing 52 round and 12 baguette-cut diamonds weighing a total of 1.55 carats, tsavorite garnets, and red agate beads — also soared past its upper valuation. The pair, designed to look like cherries, brought in $37,500, well over its $6,000 estimate.

A number of emerald and tourmaline pieces also fared well. A brooch featuring round emeralds and cabochon green tourmalines sold for $37,500, well above its estimate, while a pair of earrings set with round, oval and marquise-cut emeralds fetched $25,000, nearly four times its high valuation. A square step-cut, 13.25-carat orange tourmaline ring, surrounded by cabochon green tourmalines and diamonds, brought in $23,750, against a high valuation of $6,000.

“With a background in opera and the arts, della Valle’s aptitude for creative output knows no bounds,” said Caroline Ervin, a specialist for Christie’s jewelry department. “For decades, della Valle has delighted jewelry collectors and fans alike with his bold and colorful creations. His unexpected and whimsical creations offered in our sale were met with enthusiasm from Christie’s clients around the world.”

In total, Christie’s offered 65 pieces by the designer, with bidders from 24 countries participating in the auction.

Source: Diamonds.net

24ct. Yellow Diamond Beats Estimate at Christie’s

A 23.58-carat diamond ring was the top lot at Christie’s Jewels Online sale, fetching well above its high estimate.

The piece, which featured a cut-cornered rectangular modified brilliant-cut, fancy-yellow, SI1-clarity stone, bracketed by two triangular-cut diamonds, brought in $325,000 against its $300,000 upper estimate, Christie’s said Wednesday. In total, the auction running from January 27 to February 10 garnered $2.7 million, with 98% of the items on offer finding buyers.

Two diamond rings sold for $81,250 each, just above their high valuations. One contained a round, 4.18-carat, F-color, VS2-clarity diamond. The other was set with an emerald-cut, 3.56-carat, D-color, internally flawless, type IIa diamond, flanked by two smaller emerald-cut and two triangular-cut diamonds. A diamond medallion necklace by Graff, bearing a total weight of 35.38 carats, also realized $81,250, within estimates.

A number of Graff diamond and gemstone jewels were sold without reserve at the auction. Those included a pair of emerald and diamond earrings, which brought in $40,000, beating estimates, and a ruby and diamond ring, which smashed its high valuation, fetching $32,500.

Meanwhile, a pair of aluminum Violet earrings by designer JAR garnered $13,750, more than four times their upper estimate.

Source: Diamonds.net

Christie’s Rakes In $5M from Paris Sale

A 14.7-carat diamond ring was the top seller for Christie’s in Paris, nearly tripling its high estimate.

The marquise-cut, E-color, SI1-clarity stone sold for EUR 437,500 ($531,812), or $35,322 per carat, well above its EUR 150,000 ($182,333) upper valuation. It was one of a number of noteworthy diamonds that led the sale Paris Jewels sale, which took place from November 24 to December 9. The auction brought in $5 million, Christie’s said last week.

A ring set with a rectangular cut-cornered, H-color, VS2-clarity diamond, weighing 1.22 carats, fetched EUR 237,500 ($288,696), or $25,167 per carat, nearly double its high estimate. Meanwhile, a ring containing two old-cut, J-color diamonds, each weighing 6.73 carats, smashed its presale high estimate, selling for EUR 137,500 ($167,139).

Colored stones also performed well, Christie’s noted. A pair of ruby and diamond mystery-set earrings by Van Cleef & Arpels garnered EUR 137,500 against a EUR 40,000 ($48,626) upper estimate, while a Ballerina brooch by the designer brought in EUR 106,250 ($129,164), doubling its estimate. A retro ruby and diamond bracelet, which transforms into double clips, tripled its valuation, achieving EUR 93,500 ($113,664).

In total, Christie’s sold 80% of the items on offer, with many pieces selling above their estimates.

“This last jewelry auction of the season demonstrated the continued strength of the jewelry market despite the challenges due to the pandemic,” said Violaine d’Astorg, director of the jewels department at Christie’s France. “Limited exhibition time and auctions without [the] public in the room were compensated [for] by intense activity on the phone and over Christie’s Live.”

Source: Diamonds.net

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

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

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

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

De Grisogono Diamond Could Sell for Over $30M

De Grisogono Diamond Emerald Cut 163 carat

The historic emerald cut diamond could sell for more than $30 million USD when it goes on sale at Christie’s Geneva Auction next month.

The 163 carat D flawless diamond named The Art of De Grisogono, was shown at the Dubai Diamond Conference on Tuesday.

Initially in set in an necklace now as the centerpiece of a bracelet.

The polished diamond originated from a 404 carat rough diamond recovered at the Lulo mine in Angola Southern Africa.