News

Advanced Search

Blue Diamond Sells for $14M at Sotheby’s

Oct 4, 2018 4:03 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Sotheby’s brought in a total of HKD 315.2 million ($40.2 million) at its Hong Kong auction Wednesday as a 5-carat blue diamond fetched $13.8 million.

The price of the step-cut, fancy-vivid blue, named the Ai diamond, after the Chinese word for love, fell within its estimate of $12.5 million to $15.3 million. The final selling price translated to $2.8 million per carat.

Another blue diamond — a pear-shaped, fancy-intense blue weighing 3.47 carats — sold for $3.1 million at the Magnificent Jewels and Jadeite auction against a pre-sale estimate of $2.7 million to $3.6 million. A step-cut, 18.45-carat, D-color, VVS2-clarity diamond ring fetched $2.3 million, smashing its estimate of $1.3 million to $1.7 million.

However, only one piece out of a collection of jewels by designer Wallace Chan found a buyer: a pair of jade and diamond earrings, estimated at $70,160 to $108,430, which went for $87,700.

Several jewels by Harry Winston, Van Cleef & Arpels and Cartier also sold at the auction.

Sotheby’s sold 65% of all lots on offer, it said.

Image: The Ai diamond. (Sotheby’s)
Tags: Ai diamond, Cartier, Harry Winston, Magnificent Jewels and Jadeite auction, Rapaport News, Sotheby’s, Sotheby’s Hong Kong, Van Cleef & Arpels, Wallace Chan
Similar Articles
Sotheby's Wenhao YuSotheby’s Hires Asia Jewelry Head
Dec 09, 2019
Sotheby’s has appointed Wenhao Yu as deputy chairman of jewelry for Asia, to help strengthen its expertise and
GIA DubaiGIA to Shut Down Dubai Branch
Dec 04, 2019
The Gemological Institute of America (GIA) will close its Dubai office by the end of the year,
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 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.