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Friday, May 16, 2014

Harry Winston Buys World’s Largest Flawless Vivid Blue Diamond For $23.8M and Names it ‘The Winston Blue’

Meet “The Winston Blue,” considered the world’s largest known flawless vivid blue diamond. Harry Winston purchased the sparkling gem for nearly $23.8 million at Christie’s Geneva Magnificent Jewels sale. At nearly $1,800 per carat, the price per carat paid for the 13.22-carat stone represents a world record for a blue diamond.

It is the second major diamond purchase by Harry Winston since it was acquired by the Swatch Group, one of the world’s largest watch and jewelry conglomerates. Last year, Harry Winston purchased a 101.73-carat colorless diamond for a world record $26.7 million ($254,400 per carat), at Christie’s Geneva jewelry auction.

The Winston Blue was easily the top lot of Wednesday’s auction, which realized more than $154.1 million, with 85 percent sold by lot and 94 percent by value. It achieved the highest total ever for a Jewelry sale in auction history, beating the Christie’s New York December 2013 Elizabeth Taylor jewelry sale, which totaled $137.2 million over a two-day period. The other top lots included:

* Belle Epoque diamond Devant-de-Corsage brooch, by Cartier that sold for more than $17.5 million. 

* A 75.97-carat pear-shaped D color, flawless diamond that sold for more than $14.4 million.

* A 76.51-carat cut-cornered square-cut light pink, VVS1 diamond necklace for $10 million, a world auction record for a light pink diamond. by Leviev $130,712 per carat. 

* The “Ocean Dream,” A 5.50-carat triangular-cut fancy vivid blue-green, SI1 diamond that sold for more than $8.6 million, a world auction record for a blue-green diamond.

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