Industry News by Nemesis

7ct. Blue Fetches $12M at Christie’s Geneva

November 14, 2019

 

A fancy-deep-blue diamond ring by Moussaieff fetched nearly $12 million at Christie’s Geneva auction Tuesday, becoming the most expensive piece of jewelry sold this season, the company said.

The rectangular-cut, 7.03-carat, VVS2-clarity stone sold to a private collector for $11.6 million, against a presale estimate of $10 million to $14 million. In total, Christie’s garnered $55.3 million at the Magnificent Jewels sale, with 12 lots selling for more than $1 million, according to the auction house.

A cushion-cut, 46.93-carat, D-color, internally flawless diamond sold for $3.1 million, under its low estimate of $3.8 million, while a Harry Winston jewel beat its high valuation. The rectangular-cut, 25.20-carat, D-color, VVS2-clarity diamond ring went for $2.5 million, against its upper estimate of $2.2 million. Another rectangular-cut stone — a 32.49-carat, fancy-light-purplish-pink, VS2-clarity diamond ring — also brought in $2.5 million, surpassing its high estimate of $2.2 million.

Graff purchased two of the top 10 lots, including an octagonal-cut Burmese sapphire weighing 42.97 carats. The piece, was estimated at $2 million to $3 million, selling for $2.5 million, or $58,995 per carat. The jeweler also came away with a rectangular-cut Ceylon sapphire brooch by Cartier which fetched $2 million. The 39.19-carat jewel carried a high estimate of $700,000.

Other notable items include a pair of pear-shaped, D-flawless diamond earrings, weighing 12.71 and 12.07 carats. The set brought in $2.2 million, or $87,700 per carat, within its $1.9 million to $2.5 million estimate. A pear-shaped, 40.18-carat, D-color, VS1-clarity diamond fetched $1.8 million, toward the lower end of its $1.7 million to $2.2 million valuation.

Meanwhile, a collection of 28 pieces by Pierre Sterlé performed well, with prices for those goods doubling, tripling and quadrupling their presale estimates, Christie’s noted. A 1952 diamond necklace by the jeweler achieved the highest price, fetching $237,500. Signed pieces by Cartier, JAR, Harry Winston, Bulgari, and Van Cleef & Arpels also performed well.

Image: The 7.03-carat blue-diamond ring. (Christie’s)

 

Source: Rapaport

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