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Christie's Geneva Sale Totals $102M

Pear-Shape, 101.73-Ct. Diamond Sells For $27M

May 16, 2013 2:55 AM   By Avi Krawitz
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RAPAPORT... Christie’s Geneva sale of magnificent jewels totaled $102.1 million (CHF 98.8 million) ‎with the top lot setting a record auction price for a colorless diamond. The auction sold 86 ‎percent by lot and 93 percent by value. (See video feature about the auction here). ‎

The headline lot was a pear-shaped, 101.73-carat, D color, flawless diamond that sold for ‎‎$26.7 million, or $254,400 per carat, to Harry Winston Inc. The company named the stone ‎the Winston Legacy.  ‎

‎“Harry Winston acquired the most perfect diamond ever offered for sale at auction, ‎‎‘Winston Legacy,’ continuing the tradition of buying and selling only the very best, a trait ‎of the founder Mr. Winston himself,” said Rahul Kadakia, the head of jewelry as Christie's ‎Switzerland and Americas. “World record prices were set for diamonds, pearls and ‎sapphires, thereby firmly establishing the international appetite for the most beautiful ‎gems and jewels in a record-breaking $102 million auction at Christie's Geneva.”‎

The second top lot of the sale was a single-strand natural pearl necklace that sold for $8.5 million.‎

Laurence Graff bought an oval-shaped, 26.24-carat, D color, potentially flawless diamond ‎ring for $4.5 million, or $170,200 per carat. A pear-shaped, 23.43-carat, D color, ‎potentially flawless diamond sold to Essex Global Trading for $3.6 million, or $148,700 ‎per carat. The fifth top lot was The Star of Kashmir, a cushion-shaped, 19.88-carat ‎sapphire, which sold to a private buyer for $3.5 million, or $175,202 per carat.‎

Christie’s reported that 20 lots sold for more than $1 million at the auction and that a ‎total of 147 buyers from 31 countries won lots.

*Picture of 101.73 carat diamond courtesy of Christie's.  
Tags: Avi Krawitz, Christie's, diamonds, geneva, Graff, Harry Winston, Rapaport
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