$5.4m flawless diamond sparkles at auction

paulfrasercollectibles

2015-06-26 11:46:08

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$5.4m flawless diamond sparkles at auction

The Evening Star, 'the very best to be worn to dinners and ftes' leads a $25m NY jewellery sale

The Evening Star diamond, named because the owner considered it the very best to be worn to dinners and ftes, has sold in New York. It headed a ten piece private collection which was auctioned at a special sale by Christie's, almost simultaneously with a larger jewellery sale.

The highest quality pieces did well in both sales.

A cushion-cut Type I white diamond doubled its $250,000-350,000 listing to sell for $650,000 in the main auction, whilst two fancy intense yellow diamonds also beat their estimates.

One, a 20.42ct rectangular cut in a diamond bracelet had been valued at $400,000-600,000 and the other a modified cushion-cut fancy intense yellow diamond of 40.92ct valued at $550,000-650,000. Both sold to an Asian bidder for$746,500 and an impressive $1,106,500 respectively.

Fancy Vivid Yellow Diamond RingFancy Vivid Yellow Diamond Ring

The top lot of the main sale was a fancy, intense 7.02ct blue diamond in an 18k rose gold ring, which excited bidders sufficiently to push it up past its already demanding estimate of $2-3m to be taken home for an enormous $3,890,500.

In the private collector's ten-piece sale it was all about the pear-shaped diamonds:

A pear-shaped diamond necklace set with 68 graduated diamonds weighing 96.94ct sold for $1,094,500, doubling its $400,000-600,000 expected price, whilst a pair of pear-shaped white diamonds of 10.21 and 10.51ct fetched $2,098,500.

There was no doubt about the overall top lot however, as the 39ct pear-shaped Type IIadiamond known as the Evening Star sold at the top end of its estimate for $5,402,500 to an anonymous bidder - quite a Christmas present, whether for themselves or a loved one.

The Evening Star DiamondThe Evening Star Diamond

Overall, the sales achieved a fantastic 97% of their lots sold by value, showing the endurance of high-end jewellery as an investment in economically perilous times.

"It was a fitting grand finale to a year that saw over $100 million in jewels change hands under our gavels in the US" commented a satisfied Rahul Kadakia, Head of Jewelry at Christie's New York.

Images: Christie's

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