We promised to bring you jewelry auction results from Christie’s May 14 Magnificent Jewels sale in Geneva, where the world’s largest flawless blue diamond was destined to make history. But first things first. On May 13, in the same city, rival auction house Sotheby’s set a few world records of its own. The glittering back-to-back auctions resulted in “the week that was” for diamond sales, especially for Fancy Colored Diamonds.
Sotheby’s Sale of Magnificent Jewels & Noble Jewels
The highlight of the May 13 Sotheby’s Sale of Magnificent Jewels and Noble Jewels was a 100.09-carat cushion-cut Fancy Vivid Yellow diamond. It sold for $16.3 million! The “Graff Vivid Yellow,” a VS2 clarity daffodil yellow-colored diamond, set a world auction record for price paid for a yellow diamond. An anonymous buyer purchased the stone, which is one of the largest Fancy Vivid Yellow diamonds in the world.
“With its exceptional size and a superb daffodil color, the ‘Graff Vivid Yellow’ is a truly extraordinary diamond with immense presence. These rare qualities led to the record price achieved,” said David Bennett, chairman of Sotheby’s Switzerland and chairman of the jewelry department for Europe and the Middle East.
Christie’s Magnificent Jewels Sale
On May 14, at the Christie’s Magnificent Jewels sale, a Fancy Vivid Blue diamond called “The Blue” achieved a stunning $23,795,372 (World Record Price: $1,799,953 per carat). The largest flawless Fancy Vivid Blue diamond in the world, weighing 13.22 carats, was quickly renamed “The Winston Blue” by its new owner Nayla Hayek, CEO of Harry Winston.
Led by auctioneer Rahul Kadakia, International Head of Christie’s Jewelry Department, the record-breaking auction featured intense bidding throughout the sale. A Belle Époque Devant-de-Corsage Brooch, made in 1912 by Cartier, realized a staggering $17.5 million — a 660% increase — having first sold for $2.65 million at Christie’s Geneva back in 1991.
Look to future posts of Obsessed by Jewelry for more news about international jewelry and diamond auctions.
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