Christie’s auction house has announced that the “world’s largest blue diamond” is set to go under the hammer on May 14 as the leading jewel in its Sale of Magnificent Jewels in Geneva. Called simply “The Blue,” for its magnificent color, the 13.22-carat flawless Fancy Vivid Blue diamond is estimated to fetch between $21 million and $25 million. If The Blue tops its high estimate by a mere $1 million – and recent auction results for colored diamonds predict it easily could – it will break the $2 million per-carat mark. You can follow the auction action live, at no charge, at Christies.com.
It has been a record year for diamond and colored diamond sales at Christie’s. Just six months ago Christie’s Geneva sold “The Orange,” the world’s largest Fancy Vivid Orange diamond, for a record-breaking $35.5 million. The Orange also set a record for the highest per-carat price for any diamond, at $2.4 million.
“It is exceptional to see so many great diamonds coming out,” said Christie’s Head of Jewelry Rahul Kadakia to the Financial Times of London last June. ”I would never have believed this 10 years ago…In 2003 we would sell a 50 carat D flawless for $50,000 a carat. This week we sold a 26 carat D flawless for $170,000 a carat. – that’s three times the price. And coloured diamonds are making 10 times the prices on 10 years ago.”
Among the 250 lots in Geneva will be another important colored diamond –“The Ocean Dream” – a 5.50-carat Fancy Vivid Blue-Green diamond, also considered the largest of its type in the world to come to auction. Its high estimate is $10 million. You can learn more about these world-class diamonds by previewing the May 14 auction catalog online.
Also generating interest at the Geneva sale is a 76.51-carat Light Pink cut-cornered diamond set as necklace centerpiece with an estimate of $7 to $10 million; and a 75.97-carat pear-shaped D-color flawless diamond with an estimate of $13.5 million to $15 million.
Other highlights include:
- A collection of 14 jewels from a “European Gentleman,” called “A Passion for Jewels,” including the Rajah diamond, a 26.14-carat, old-mine brilliant-cut diamond with an estimate of $3 to $5 million.
- From the same collection: the Belle Époque Devant-de-Corsage brooch, made in 1912 by Cartier. Estimate: $7 million to $12 million.
- 20 pieces from the Estate of Baroness Thyssen-Bornemisza de Kaszon, led by a natural pearl and diamond necklace estimated at $550,000 to $700,000.
To watch jewelry history in the making, visit Christies.com on Wednesday, May 14. There are two auction sessions: one at 2 p.m. Central European Time (8 a.m. EDT in the U.S.), and another at 7 p.m. CEST (1 p.m. EDT). Click on Upcoming Auctions to find instructions for setting up an online account. Unless you want to bid, just choose “View Only.” Then sit back and enjoy the show!
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