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Christie’s Sells Pink ‘Sweet Josephine’ to HK Buyer for $29M

Nov 11, 2015 3:34 AM   By Rapaport News
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Christie’s sold the 16.08-carat ‘Sweet Josephine’ pink diamond for $28.6 million (CHF 28.7 million) at its auction in Geneva on November 10, Reuters reported.

The large stone with a rare pink hue, set in a platinum and gold ring surrounded by a double row of pavé-set white diamonds, was sold to a private Asian client, Christie's said. Its pre-sale estimate was $23 million to $28 million. The origin of the diamond and the identity of its seller were not disclosed.

"It shows we are dealing with a very healthy stone market," Reuters cited François Curiel, chairman of Christie's Luxury Group, as saying. "There is lots of cash in the world right now. At the moment, works of art, diamonds and jewels are a safe haven."

A 50.48-carat pear-shaped flawless white diamond also sold for $7.9 million in the same auction, Reuters said.

Meanwhile, Sotheby’s is hoping to fetch up to $55 million for the Blue Moon diamond in its own auction in the Swiss city today.
Tags: Auctions, China, Christie's, colored diamonds, geneva, Hong Kong, Pink diamonds, Rapaport News
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