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Blue Diamond Sells for $15M at Sotheby’s New York
Dec 6, 2017 5:16 AM
By Rapaport News
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RAPAPORT... Sotheby’s sold $54 million worth of jewelry at its New York
auction on Tuesday as several pieces containing rare blue diamonds and
gemstones yielded higher-than-expected prices.
An anonymous buyer spent $15.1 million, or $2.7 million per
carat, on an emerald-cut, 5.69-carat, fancy vivid blue, VVS1-clarity diamond
ring, beating its upper estimate of $15 million, the auctioneer said.
Meanwhile, a pear-shaped, 2.05-carat, fancy intense blue, internally flawless
diamond ring fetched $2.7 million, or $1.3 million per carat, in a sale to a
member of the trade — well above its high estimate of $1.5 million.
Sapphire jewelry also attracted strong prices. A Van Cleef
& Arpels bracelet containing 193.73 carats of the blue stones went to a
private collector for $3.1 million, having drawn an estimate of up to $1.5
million. A sapphire-and-diamond necklace-bracelet combination by Harry Winston
— with seven emerald-cut sapphires weighing a combined 123.13 carats — fetched
$1.9 million, beating the expected price of up to $1.5 million.
“The market continues to show its strength in colored
stones, with today’s results driven by intense competition for important colored
diamonds, sapphires and emeralds in particular,” Sotheby’s jewelry-division
chair Gary Schuler said.
A 110.92-carat, L-color, VS1-clarity diamond — the largest round diamond in auction history — did not find a buyer, Sotheby’s said. |
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Tags:
Auctions, blue diamonds, colored diamonds, colored gemstones, Rapaport News, sapphires, Sotheby's
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