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Rare Pink Diamond on Auction



Rare pink diamond – Christie’s November sale

The largest rare pink diamond in its category will be auctioned this month at the Christine’s November sale in Geneva. The auction of ‘Magnificent Jewels’ on November 10 will present exceptional diamonds, rare colored stones, natural pearls of the highest quality and signed jewellery.

The 16.08 carat, which is the largest cushion-shaped fancy vivid pink diamond at the auction, is set in a ring surrounded with two rows of diamonds as a ‘step’ halo with another row of pink diamonds underneath.

The diamond was qualified by Gemological Institute of America (GIA) as a fancy vivid pink diamond. This means it has no traces of any other or secondary colour and its pink hue is pure. Most pink diamonds has a colour modifier like purple, orange, brown or gray. Having no trace of colour makes is rare 16.08 carat pink diamond a sought-after diamond by gem specialists. An international specialist at Christie’s said the rare pink diamond is expected to fetch between 23 and 28 million dollars (£15 to £18 million). This will be a record breaking for the auction house.

Pink diamonds have been selling for record prices in the last few years. In 2009, the 5 carat diamond was sold for over $2 million in Hong Kong, establishing a new per-carat record price for any pink diamond. In 2013 the pink Princie diamond, a 34.65 carat intense pink diamond, was sold for $39.3 million, which is more than £25 million. Although sold by Sotheby’s in 2013 The Pink Star, a 53.60 carat flawless diamond was auctioned at a record of $83 million.

Other jewellery to be auctioned on the day are an 1810 beautiful emerald and diamond fringe necklace. The necklace was belong to the Orléans family in France, the Aosta family in Italy and was finally part of the Cholmondeley collection in England. This is a special necklace for the exceptional quality of the emeralds and the delicate craftsmanship and it is estimate at $1.5 – 2 million.

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Christie’s Magnificent Jewels Spring Sale



Christie’s Magnificent Jewel spring sale in New York

Spring is nearly here and with it comes the yearly Christie’s Magnificent Jewels spring sale in New York. This year the Magnificent Jewels sale will feature over 300 jewellery items and is expected to reach over £40 million.

Visitors this year are in for a real treat. Apart from some of the most amazing jewellery made by Harry Winston, Graff, JAR, Bulgari, Cartier and Van Cleef & Arpels there will be stunning loose diamonds on display.

One of the highest jewellery on the list is a natural colour pearl necklace. This four strand necklace makes it to the top of the list as black pearls are rare in nature. Very few alike were sold in the past 50 years and the last to be sold by Christie’s was in 2012. This rare necklace price is estimated to reach near the $4.5 millions.

 

 

Another collector’s stunner jewel is Millicent Rogers Heart brooch by Paul Flato. The brooch, which is set mainly with rubies, sapphires for a drape falling off a gold arrow that pierce heart and is set with coloured diamonds, is estimated to be sold in the range of $350,000 – $500,000. his beautiful piece of jewel was designed and often worn by the Standard Oil heiress. The sapphire drape has a yellow gold Latin phrase “Verbum Carro”, meaning “A word to my dear one”.

 

This will be the right place to be for investors to be. They will be spoilt for choice should their budget allows it. The loose diamonds selection is quite spectacular and I can envisage it will be a tough bidding on some of the diamonds.

The star among the Christie’s Magnificent Jewel sale would be in my opinion the 80.73 carat cushion cut diamond that is estimated selling price is around $5 million. Side by side in hierarchy of importance is a much smaller is size diamond. Although only 5.29 carat in weight, this fancy intense purplish pink diamond has the potential to fetch between $3.5 million to $5 million.

 

Other beauties will be the 24.49 carat, pear shaped, D, internally flawless diamond that is estimated to be sold at $2.5 million to $3.5 million, and in the coloured diamond section the 5.04 carat circular-cut fancy gray-blue diamond will attract investors in the range of $1.75 million to $2.5 million.

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