Advanced Search

Christie’s Online Diamond Sale Garners $1.5M

Aug 30, 2020 5:26 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

The first Christie’s online auction dedicated solely to diamonds achieved $1.5 million, with a Graff necklace coming in as the top lot.

The piece features a detachable pendant with a pear brilliant-cut, 20.21-carat, fancy-deep-yellow-brown, VS1-clarity diamond and 47.29 carats of white diamonds. It brought in $325,000, falling within its presale estimate range, Christie’s announced last week at the end of the Jewels Online: Summer Sparkle sale.

A ring with an old mine brilliant-cut, 12.02-carat, K-color, VS1 diamond went for $118,750 at the auction, well over its $70,000 high estimate. Another ring, containing an oval brilliant-cut, 4.80-carat, E, SI1 diamond and two triangular diamonds, also exceeded expectations, fetching $87,500 against a high estimate of $60,000.

Other notable items included a square modified brilliant-cut, 8.16-carat, fancy-yellow diamond on a ring with two triangular diamonds bracketing it, which beat its high estimate at $81,250. A pear brilliant-cut, 5.03-carat, D, VS2 diamond in an 18-karat blackened-gold ring also performed well, selling for $75,000 — just below its upper estimate.

In total, Christie’s sold 84% of the items on offer at the auction, which ran from August 12 to 27. Some 28% of participants were new, placing bids from more than 20 countries, the auction house reported.

Image: The Graff necklace featuring a 20.21-carat diamond. (Christie’s)
Tags: Christie’s, Graff, Jewels Online: Summer Sparkle, Rapaport News
Similar Articles
mr martin rapaportMartin Rapaport at JCK Las Vegas
Jun 23, 2022
Lower rough supply due to the Russia situation may be a “blessing” given the pressures on retail spending,
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
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.