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Tuesday, December 10, 2013

52-Carat Golconda Diamond Sells For $10.9 Million


A rare 52.58-carat D-color internally flawless Golconda diamond fetched $10.9 million at Wednesday’s Christie’s New York Magnificent Jewels auction.

Diamonds from the ancient Golconda mines in India are revered for their type, color and degree of transparency that is rarely duplicated.

In addition, a collection of Leviev diamond jewelry under the heading “Property of an Elegant Lady” was sold for $10.2 million, led by a 26.72-carat D color internally flawless diamond that sold for $4.3 million.

The 495-lot auction, the final jewelry sale of the year for the auction house, realized more than $65.7 million, with 86 percent sold by lot and 92 percent by value. The results of the December Sale in combination with the results achieved by the New York jewelry auctions in April and October, brings the 2013 New York Magnificent Jewels total to nearly $193.9 million.


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