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RAPAPORT... Christie's New York sale of important jewels achieved a total of $27,534,750 and was 83 percent sold by lot. The top lot of the auction was a 5.50-carat, VVS1 oval-cut fancy vivid pink diamond that sold to the New York trade for $9,573,000 or $1,740,545 per carat against a presale estimate of $6.5 million to $7.5 million.  Two additional lots achieved prices in excess of $1 million, including a 20.08-carat, D, VVS1 rectangular-cut diamond that sold for $3,077,000 and a 5.91-carat, VS1, rectangular-cut fancy light pink diamond selling for $1,835,000. Rahul Kadakia, the international head of Christie’s jewelry, said, “Colored diamonds continued their fabulous run at Christie’s spring auction season, with multiple phone lines bidding enthusiastically on the vivid pink. With the sale of The Winston Blue, The Ocean Dream and the Oval Vivid Pink, Christie’s achieved $42 million for these three exceptional diamonds alone. We look ahead now to staging an exciting fall season beginning in October at Christie’s New York.” The New York important jewels sale also featured a circular-cut diamond and emerald long chain necklace by Leviev, which sold for $965,000 and a pair of diamond ear pendants (5.46 and 5.00 carats) both of which were D and internally flawless that sold for $905,000.
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