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The Biggest and Boldest Auction Sales of 2017

Dec 27, 2017 8:50 AM   By Rapaport News
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RAPAPORT... Auctioneers Christie’s and Sotheby’s (as usual) generated much excitement in the diamond trade in 2017, putting some of the more interesting and colorful diamonds under the hammer. As the Rapaport News team looks back on an eventful year, we’ve compiled a summary of the major auction events from the two larger auction houses — and their headline stones — that caught the eye: 

Christie’s:

Christie’s New York auction in April totaled $35.2 million, with a rectangular, 22.03-carat, D, IF Van Cleef & Arpels diamond ring selling for $2.6 million. 

The June Magnificent Jewels auction in New York fetched $26.1 million, with Harry Winston buying the 18.04-carat Rockefeller Emerald ring for $5.5 million, or $305,516 per carat. 

The auction house generated $95 million at its May Geneva auction, with a heart-shaped, 92.15-carat, D-flawless diamond selling for $15 million, or $162,611 per carat.

Christie’s headlined its November Geneva auction by selling the emerald-cut, 163-carat, D-flawless Art of de Grisogono, Creation 1 necklace for $33.7 million, or $206,266 per carat. The stone can also be worn as a bracelet (pictured). Total sales at the auction amounted to $106 million. 

Meanwhile, during the same month in Hong Kong, Christie’s garnered $94 million as an oval, 14.93-carat, fancy vivid pink, VVS1 diamond fetched $32 million, or $2.1 million per carat.

Its December New York auction fetched $62.6 million, as a Graff ring with two pear-shaped, fancy vivid blue diamonds – 3.36 carat, VVS2 and 2.71 carat, VS1 – sold for $12.6 million, or $2.1 million per carat.

Sotheby’s:

Sotheby’s started the year with its April jewelry sale in New York fetching $28.9 million, with a pair of emerald, 20.29-carat and 20.02-carat, D, IF diamonds selling for $5.3 million, or $131,481 per carat. 

Its April auction in Hong Kong saw the sale of a 59.60-carat, fancy vivid pink, IF diamond to Chow Tai Fook for a record $71.2 million, or $1.2 million per carat.

Sotheby’s Geneva auction, held in May, totaled $151.5 million, as a pear-shaped, 14.54-carat, fancy vivid blue, IF diamond fetched $42.1 million ($2.9 million per carat), and a matching pear, 16-carat, fancy intense pink, VVS2 diamond sold for $15.3 million ($959,636 per carat) (pictured)

A cushion, 26.27-carat, I, VVS2 diamond bought in the 1980s for $13 sold at Sotheby’s London in June for $848,000.

The auction house’s November Geneva sales garnered $79 million, with a 33.63-carat, fancy light pink, VVS1 diamond fetching $12.8 million, or $381,154 per carat. The 37.3-carat, cushion-shaped Raj Pink diamond failed to sell.

Sotheby’s December jewelry auction in New York garnered $53.9 million, with the sale of an emerald-cut, 5.69-carat, fancy vivid blue, VVS diamond for $15.1 million, or $2.7 million per carat.
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Tags: auction, Chow Tai Fook, Christie’s, De Grisogono, diamonds, Graff, Harry Winston, Lesedi La Rona, Lucara Diamond Corporation, Meya Prosperity, Peace Diamond, Raj Pink, Rapaport News, Rockefeller Emerald, Sotheby’s, Van Cleef & Arpels
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