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Bubble Gum Pink Rakes In $2.2M/ct. at Christie’s
May 28, 2019 10:43 AM
By Rapaport News
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RAPAPORT... A pink diamond ring named for its resemblance to bubble gum
fetched $7.5 million at Christie’s Hong Kong auction.
The rare cushion modified brilliant-cut, 3.43-carat,
fancy-vivid-purplish-pink, internally flawless diamond sold for $2.2 million per carat. The ring, designed by Moussaieff, features pear-shaped pink diamonds
and marquise-cut white diamonds surrounding the center stone. It had been estimated at
$6 million to $8 million. The piece, called the Bubble Gum Pink, was the top-selling lot at the Magnificent Jewels
sale, which garnered a combined $44.6 million.
Other notable pieces include a pair of Grand Muzos earrings,
set with two Colombian emeralds weighing 23.34 carats and 23.18 carats, as well as white diamonds and pearls. The lot sold for $4.5 million, within its $4 million
to $6.5 million valuation. A jadeite cabochon ring and a pair of jadeite
cabochon earrings both doubled their low estimates after “spirited” bidding,
Christie’s noted. The pieces sold for $1.2 million each, against presale
estimates of $580,000 to $800,000.
Meanwhile, the second-highest lot, a cut-cornered rectangular step-cut, 3.01-carat,
fancy-vivid-blue diamond ring with two heart brilliant-cut,
fancy-intense-purple-pink diamonds on either side, was withdrawn from the sale. The piece was
valued at $4.7 million to $7 million. A cushion-shaped, 26.41-carat Kashmir
sapphire brooch, surrounded by old-cut diamonds, which carried an estimate of
$4 million to $6.5 million, failed to find a buyer.
Christie’s next jewelry auction is the Maharajas &
Mughal Magnificence sale in New York on June 19.
Image: The Bubble Gum Pink diamond ring. (Christie’s Images Ltd. 2019)
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Tags:
Christie’s, Christie’s Hong Kong, Christie’s Hong Kong auction, Grand Muzos, Magnificent Jewels, Maharajas & Mughal Magnificence, Moussaieff, Pink Bubble Gum, Rapaport News
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