Three Fancy Color Diamonds will highlight Christie’s upcoming Magnificent Jewels sale, which is scheduled for October 15 in New York. Experts at the venerable auction house are predicting the 400-lot sale — including several important colorless diamonds — will achieve in excess of $40 million. This week, however, media attention was focused on a single lot, the 16-carat rectangular-cut diamond ring said to be the one NBA player Kris Humphries gave reality star Kim Kardashian for their 2011 engagement. Humphries is widely believed to be the “anonymous seller” of the ring, which was returned to him as part of the couple’s 2012 divorce settlement. Christie’s will not confirm the seller’s name; they describe the ring in the catalog as “the Property of a Gentleman.”
Rare Fancy Color Diamonds
An 8.77-carat rectangular-cut Fancy Intense Pink diamond ring is expected to sell for up to $6.5 million at Christie’s October auction. A 5.13-carat square-cut Fancy Vivid Yellow diamond is predicted to fetch from $200,000 to $300,000. And a 3.81-carat cushion-cut Fancy Vivid Blue diamond has a pre-sale estimate of $3.5 million.
But bear in mind these are only estimates…
Christie’s has high hopes for the pink diamond ring after the historic sale of the 34.65-carat Fancy Intense Pink “Princie Diamond,” which sold for $39.3 million in April. And the price of its Fancy Vivid Blue diamond will almost certainly be influenced by the sale of another Fancy Vivid Blue on October 7 at Sotheby’s in Hong Kong. At that auction the rare round 7.59-carat “Premier Blue” is expected to set a new world record — as much as $2.5 million per carat!
Gemstones and More
In addition to Christie’s prestigious diamond offerings, a rare 15.88-carat Kashmir sapphire ring tops the colored gemstone lots at the Magnificent Jewels sale. It has a pre-sale high estimate of $1.5 million. Important pieces from Van Cleef & Arpels and Cartier also will be included in the sale, as well as a collection owned by The Honorable Noreen Stonor Drexel of Newport, Rhode Island — some of the finest examples of David Webb jewels from the 1960s and 1970s ever presented at auction.
We’re anxious to see if Christie’s Magnificent Jewels sale will break one or more world records on October 15. We’ll be watching the bidding (including “Kim’s ring”) in real time at https://www.christies.com/livebidding/index.aspx.
See you there!