Christie’s and Sotheby’s are considered the world’s premier auction houses. When they hold their annual autumn Magnificent Jewels sales in Geneva, they attract an international crowd of collectors, investors and connoisseurs of diamonds and fine jewelry. This year, on successive evenings in mid-November, the top lots at both the Christie’s and Sotheby’s auctions were rare Fancy Color Diamonds, specifically ultra-rare pink and blue diamonds. Let’s take a look at these extraordinary jewels.
The Christie’s Magnificent Jewels sale in Geneva on November 15 was a dazzling conclusion to the company’s 250th anniversary season. The top lot of the night was an important Fancy Vivid Pink pear-shaped diamond of 9.14 carats. It realized $18,174,631, or $2,000,000 per carat.
Rahul Kadakia, International Head of Christie’s Jewelry Department, commented on the Fancy Vivid Pink sale: “…The PINK established the second highest price for a pear shaped pink diamond sold at auction and also demonstrated the continued demand for exceptional stones.”
Christie’s has had quite a year when it comes to Fancy Color Diamonds. In May, the auction house sold the Oppenheimer Blue, a rectangular-cut Fancy Vivid Blue diamond weighing 14.62 carats, for $57.5 million, setting the record for the most expensive jewel ever sold at auction
The November 16, 2016 Sotheby’s Geneva auction demonstrated unprecedented demand for rare Fancy Color Diamonds, which claimed eight out of the top ten spots in the sale. The auction set three new world records for three categories of Fancy Color Diamonds – Fancy Deep Blue, Fancy Light Pink and Fancy Light Blue diamonds.
The most valuable lot of the night was a magnificent Fancy Intense Pink diamond ring which sold for $20,778,352, or 1.4 times the upper estimate. The Internally Flawless stone, weighing 17.07 carats, fetched $1,217,244 per carat.
The second-highest priced lot, which fetched $17,074,168, was called the Sky Blue Diamond, a Fancy Vivid Blue diamond ring designed by Cartier. The platinum ring from the Art Deco period is set with an emerald-cut Fancy Vivid Blue diamond weighing 8.01 carats, flanked by brilliant-cut white diamonds and baguettes.
In November 2015, Sotheby’s Geneva sold the Blue Moon of Josephine, a 12.03-carat Fancy Vivid Blue diamond, for $48.5 million, or $4 million per carat.