Advanced Search

Christie’s Expects Up to $42M for Pink Diamond

Nov 1, 2017 8:50 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... A fancy vivid pink diamond will officially be the most expensive piece of jewelry Christie’s Hong Kong has ever auctioned when it goes under the hammer at the Magnificent Jewels sale this month.

The 14.93-carat, VVS1-clarity, type IIa stone, known as the Pink Promise, has an estimate of $28 million to $42 million, Christie’s announced Wednesday.

It will be one of more than 290 lots in the November 28 auction, though it won’t be the only pink diamond on offer: An 8.80-carat, fancy intense pink, VVS1 stone set in a ring is expected to sell for $8.8 million to $12 million.

Other items will include an 8.17-carat pigeon’s blood Burmese ruby ring at an estimated $5.8 million to $8 million, as well as a jadeite-bead and diamond necklace for a projected $7.3 million to $10 million.

The two pink diamonds leading the sale “are offered in response to the continued appetite of collectors around the world for pieces of mesmerizing beauty and unsurpassed quality,” stated Vickie Sek, Christie’s deputy chairman and director of jewelry for Asia.

The auction will also feature a collection of jewelry by Hong Kong-based designer Wallace Chan.

Image: Christie’s
Tags: asia, autions, Burmese ruby, Christie’s, Christie’s Hong Kong, colored diamonds, Hong Kong, Jadeite, Magnificent Jewels, necklace, Pink Diamond, Pink diamonds, Pink Promise, Rapaport News, Vickie Sek, Wallace Chan
Similar Articles
Rapaport Weekly Market Comment
Mar 22, 2018
Market quiet after positive first quarter. Indian manufacturers facing liquidity squeeze as banks tighten credit
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.