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Pink Diamond Sells for $32M at Sotheby's Geneva
May 18, 2016 4:42 AM
By Rapaport News
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RAPAPORT... A fancy vivid pink diamond ring fetched $31.6 million (CHF
30.8 million) at a record-breaking Sotheby’s auction in Geneva.
The 15.38-carat ‘Unique Pink’ was sold to an Asian private
buyer for $2.1 million per carat, the auctioneer said following the Magnificent
Jewels and Noble Jewels sale May 17. Sotheby’s had estimated the pear-shaped,
VVS2, type-IIa diamond at $28 million to $38 million.
Sotheby’s said it set a new world record for any jewelry
sale, bringing in a total of $175.1 million from the auction, which saw a
further two diamonds fetch more than $10 million apiece. A 7.32-carat, fancy vivid
blue, internally flawless diamond ring went for $17.1 million, or $2.3 million
per carat, and a fancy intense blue diamond brooch fetched $13.7 million, an
auction record for a jewel designed by Alexandre Reza. Sotheby’s did not
disclose the identity of the buyers.
The
previous record for a jewelry sale was $160.9m also set by Sotheby’s in an equivalent
auction in May last year.
Separately, Sotheby’s set an auction record for a fancy pink
diamond as it sold a modified pear brilliant-cut, 18.51-carat, VVS1, type-IIa diamond
pendant for $9.8 million, or $528,012 per carat. Meanwhile, the sale of a pair
of pear-shaped fancy blue and fancy orangy pink diamond earrings for $6 million
was a record online purchase in a live Sotheby’s auction.
Overall, the auction was 83.2 percent sold by lot. Sotheby’s
said 25 percent of total
participants in the auction came from Asia and the number of lots sold
online increased 41 percent over last year’s May auction. Some 70 percent of lots sold above their
upper estimates.
Image courtesy of Sotheby's |
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Tags:
Auctions, colored diamonds, fancy vivid pink, geneva, Magnificent Jewels and Noble Jewels, Rapaport News, Sotheby's, Unique Pink
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