Blue diamond sells for record $32.6 million in New York

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wikicollecting

2015-06-26 11:25:20

A highly rare blue diamond has sold for a world record price in front of a packed auction house at Sotheby's in New York.

The jewel was sold as part of the remarkable estate of Mrs. Paul Mellon, the wealthy philanthropist and art collector.

The 9.75 carat, pear-shaped rare fancy vivid blue diamond sold for $32,645,000, setting a new world record price for a blue diamond at auction and achieving the fourth-highest price paid for a diamond of any colour.

At $3,348,205 per carat, the jewel also set a new world record price-per-carat for any diamond, exceeds the previous auction record by almost $1 million per carat.

Further highlights from the collection included an Important Fancy Blue Diamond Pendant which almost doubled its estimate to sell for $2,965,000; and a Cartier Gold and Diamond Rivière, made circa 1948, which sold for $2,797,000.

In total the auction realized an impressive $45 million, more than double its high estimate, with a sell-through rate of 85.1% by lot.

“Sotheby’s has had the honor of presenting the jewelry collections of a number of iconic American women – Jacqueline Kennedy Onassis, Betsey Cushing Whitney, Estée and Evelyn Lauder, Clare Boothe Luce and more," said Lisa Hubbard, Chairman, North & South America, Sotheby’s International Jewelry Division.

"The wonderful thing about these auctions is that they provide a window into the world and vision of these great women. What distinguishes Mrs. Mellon’s collection is the refined, elegant simplicity – and simplicity absolutely is the hardest thing to do well. These are beautifully made, wearable jewels that are just right for every occasion. Mrs. Mellon’s collection also shows a lot of personality, from the martini charm bracelet to the rooster weathervane and the many garden-themed jewels.”

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