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Graff Splashes $37M on Sotheby's Pink Diamonds
Nov 17, 2016 5:00 AM
By Rapaport News
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RAPAPORT... Sotheby's sold $136 million worth of jewels at its Geneva
auction, with Graff Diamonds taking home two pink diamonds that went under the
hammer.
The first of those was a step-cut, 17.07-carat, fancy intense pink, VVS1-clarity diamond
ring, which sold for for $20.8 million (CHF 20.8 million), or $1.2 million per carat. The stone was the top lot of the Magnificent Jewels and Noble Jewels sale on Wednesday, beating its pre-sale estimate of $11.8 million to $14.7 million.
Graff’s second purchase of the evening was a pear-shaped,
13.20-carat, fancy intense pink, internally flawless diamond, which it bought for $16.2
million, or $1.2 million per carat. The stone also surpassed its guide price of
$8.8 million to $13.7 million. In total, Graff forked out $37 million on the
two pink stones.
The much hyped about Sky Blue Diamond, a square-cut, 8.01-carat, fancy vivid blue, VVS1
Cartier ring, was purchased by an anonymous buyer for $17.1 million, or $2.1 million per carat. The piece sold at the lower end of its guidance of
$14.7 million to $24.5 million, or up to $3.1 million per carat.
Other highlights of the evening included Samer Halimeh, the
New York-based jeweler, splurging $7.5 million on a pear-shaped, 40.30-carat,
fancy light pink, VVS2 diamond ring. Of the top 10 sales, one was to the
European trade and one to the “international” trade.
“The very best colored diamonds of all hues remain highly
desirable, but tonight pink and blue were undoubtedly the hottest colors
accounting for many of the top prices this evening,” said David Bennett, worldwide
chairman of Sotheby’s international jewelry division (pictured below,
auctioning the Sky Blue Diamond).
The auction was 87 percent sold by lot. Sotheby’s said it
recorded the highest annual jewelry total for any auction house in Switzerland,
at $311.5 million – beating a record the company set itself in Geneva in 2015
with $300.5 million.
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Tags:
auction, Auctions, David Bennett, geneva, Magnificent Jewels and Noble Jewels, Rapaport News, Sky Blue Diamond, Sotheby’s
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