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Tuesday, October 18, 2011

Flaming Yellow 32-Ct. Diamond Sells for $6.5 Million at Auction


A rare vivid yellow, 32.77-ct.diamond sold for more than $6.5 million at Christie’s New York Magnificent Jewels auction held Tuesday. The golden yellow hue of the pear-shaped gem is so intense and so deep that the Gemological Institute of America ranks it among the rarest of gemstones in its class.

The unmounted diamond, about the size of a guitar pick, was the top lot of Christie’s first major jewelry sale of the fall season. The auction fetched $46.6 million with 83 percent sold by lot and 93 percent by value.

“Despite recent volatility in the financial markets, the jewelry world continues to hold strong with active participation from top private collectors and members of the trade for superb gems and jewels,” said Rahul Kadakia, head of Jewelry at Christie’s New York. “At $201,000 per ct., the 32.77-ct. Vivid yellow diamond achieved a sensational price.”

Diamonds of all colors stole the show at Christie’s Rockefeller Plaza flagship, but there were some fine jewelry pieces that caught the attention of buyers. Top sellers include:

An oval-cut D color, potentially flawless diamond ring of 25.74 cts. by Graff sold for nearly $3.9 million.

 






A modified pear-shaped 3.21-cts., fancy vivid blue VS2 diamond sold for more than $2.7 million.








A rectangular-cut D color VS1 diamond ring of 20.43 cts., by Cartier, 1940, fetched $2.1 million.







A pear-shaped fancy purplish pink internally flawless diamond ring, of 8.20 cts., by Tiffany & Co. sold for more than $2 million, exceeding auction estimates.

 




A diamond line necklace of fifty-seven graduated pear-shaped D-color diamonds, weighing a total of 123.22 cts.sold for more than $1.4 million, shattering its estimate of $600,000 - $800,000. 

An 11.05-ct., pear-shaped D color, potentially internally flawless diamond fetched more than $1.3 million. 

An 11.11-ct., cushion-cut D color, potentially internally flawless diamond sold for nearly $1.4 million, exceeding auction estimates.






A natural pearl and diamond necklace of forty-nine graduated natural pearls sold for more than $1 million.







An Art Deco diamond and multi-gem "Tutti Frutti" bracelet, by Cartier, circa 1930, topped estimates, selling for $962,500.

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