Monday, September 28, 2015

Christie's to Auction 16.08 carat Fancy Vivid Pink Diamond

On November 10th Christie’s will present the largest cushion-shaped Fancy Vivid Pink diamond ever to be offered at auction. With an estimated value of US$23-28 million, the 16.08-carat stone is to be one of several pieces featured in the inaugural Magnificent Jewels auction, to take place in Geneva.

In the Fancy Vivid pink range, diamonds of even five or six carats are rare and those over ten carats are virtually unheard of. In fact, fewer than 10 percent of pink diamonds weigh more than one-fifth of a carat. In almost 250 years of auction history, only three pure vivid pink diamonds of over ten carats have appeared for sale.

The current record price per carat for any pink diamond is held by The Vivid Pink, a 5.00-carat stone that sold for $17.8 million (or $2.1 million per carat) at Christie Hong Kong in 2009.

In 2013, Christie’s sold the historic Princie diamond, a 34.65-carat cushion-shaped Fancy Intense Pink diamond, for $39.3 million.
Earlier this year, Sotheby’s sold the 8.72-carat Fancy Vivid ‘Historic Pink Diamond’, which is the recut pink stone once owned by reclusive heiress Huguette Clark for $15.9 million.

Late 19th century diamond and spinel brooch. £4,000 – £5,000

Cabochon emerald and diamond cluster surmount suspending a cabochon tanzanite. £4,000 – £4,500

Rolex Oyster Cosmograph Daytona. £10,000 – £15,000

Diamond, emerald and onyx 'Panthere' ring by Cartier. £2,000 – £2,500