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Leibish & Co

Wednesday, October 16, 2013

A Big Pink and a Big Blue Diamond Fetched Big Bucks At Christie’s


Two fancy colored diamonds were the top sellers at Christie’s New York Magnificent Jewels sale Tuesday. Meanwhile, the diamond engagement ring that Kris Humphries gave to Kim Kardashian at the same sale made lots of noise but ended up only having the 12th highest sale price at $749,000.

The top lots among the 389 offered were:

* An 8.77-carat rectangular-cut fancy intense pink VVS1 diamond that sold for more than $6.3 million, or $721,200 per carat (top photo). The buyer was Moussaieff Jewellers, a luxury retail jeweler with stores in London and Geneva.


* A 3.81-carat rectangular-cut fancy vivid blue VS1 diamond that sold for nearly $4 million, or more than $1 million per carat (pictured above). The buyer requested anonymity.

The other top lots are as follows:

* A 25.30-carat rectangular-cut D color VVS1 diamond that sold for more than $3.1 million.

* An 18.28-carat cushion-cut D color VVS2 diamond that sold for more than $2 million.

* A 15.88-carat cushion-cut Kashmir sapphire that sold for more than $1.8 million.

* A 10.75-carat rectangular-cut D color internally flawless diamond that sold for nearly $1.4 million.

* A 17-carat rectangular-cut F color VS1 diamond ring that sold for more than $1.2 million. The ring was part of Diana Dollar Knowles Collection. Knowles, who died March 4 at the age of 95, was a noted San Francisco philanthropist and patron of the arts.

The auction at Christie’s Rockefeller Center headquarters took in more than $46.6 million with 75 percent of the items sold by lot and 85 percent sold by value.

However, the sale also notable for a number of big-ticket items that failed to sell. Among them:

* An 18k pink gold and platinum ring set with a 2.47-carat heart-shaped fancy purple-pink diamond and flanked on either side by a modified heart- shaped fancy intense blue diamond, weighing approximately 1.22 and 1.16 carats. Its high estimate was $1.55 million.

* A 37.20-carat modified pear-shaped fancy deep brown-yellow diamond mounted in 18k rose gold with a high estimate of $800,000.

* An 11.70-carat circular-cut diamond, with the shoulders set with baguette-cut diamonds, mounted in platinum that had a high estimate of $800,000.

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