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.
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.
The Nizam of Hyderabad’s diamond encrusted ceremonial sword and Shah Jahan’s jade hilted dagger are some of the items being put up for auction.
Several precious artefacts of the Nizam era and diamonds mined from Golconda during the Qutb Shahi period will be put up for auction at global auction house Christie’s at New York on June 19. The diamonds, better known as the Golconda Diamonds, are flawless precious stones expected to fetch a whopping amount of money for the auctioneers.
The event by the 253-year-old auction house is titled ‘Maharajas and Mughal Magnificence’. According to reports, several precious Golconda diamonds are being put up for auction along with the Nizam of Hyderabad’s diamond encrusted ceremonial sword set with diamonds, rubies and emeralds.
Among these, one of the most precious stones is the 10.46 carat Pink Golconda diamond. An internally flawless stone, the value of the diamond is estimated to be between $1.5 – $2 million. The diamond was unearthed during the Qutb Shahi era from the banks of river Krishna, 200 km southeast of Golconda.
Source: thenewsminute
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.
Christie’s New York spring sale will feature an 8.42 carat, fancy intense pink diamond ring, estimated at between $4 million and $6 million, the auction house said Friday.
The cut cornered rectangular modified brilliant cut, VVS1 clarity stone has the potential to be re cut to internally flawless, according to Christie’s. Two tapered baguette cut diamonds surround it on either side.
Fancy colour diamonds will lead Magnificent Jewels sale on Wednesday.
Topping the sale is a Fancy Vivid Blue Diamond ring designed by Graff Jewellers. Estimated price is $6.5 million – $8.5 million USD.
The two Vivid blue Diamonds weighing approximately 3.36 and 2.71 carats with VVS2 and VS1 clarity grades are set in a crossover design, In a platinum setting.
