Monthly Archives: May 2014

Hong Kong’s Magnificent Jewels Auction

Famed auction house Christie’s held their annual Hong Kong Magnificent Jewels auction on Tuesday, May 27 and there were some big numbers bandied about for the pieces.

Focusing on the most rare diamonds that went under the hammer, pre-auction estimates were met and, in one case, dramatically eclipsed.

1.  A Magnificent Coloured Diamond and Diamond Ring

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The most breathtaking ring to be auctioned on Tuesday was this Fancy Pink Intense diamond weighing in at over 9 carats and flanked by two small white pear-shaped diamonds.   Early estimates had the ring, which is set on a platinum and 18 karat rose gold, selling at between $6.3 and $9 million (CAD).   Surprisingly, this piece sold just above the low-end of the estimate at $6.5 million.

2.   A Rare Coloured Diamond Ring

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A world auction record for intense green diamonds was set with the sale for this 18-karat gold ring featuring a cushion-cut Fancy Intense green diamond weighing over 6 carats and a brilliant-cut pink diamond surround.   Despite the record-setting price of $3.9 million (CAD), the ring still sold slightly below the top-end of the pre-auction estimate of $4.2 million.

3.   A Rare Coloured Diamond and Diamond Ring By Harry Winston

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The estimate that proved to be the most conservative at the auction was for this platinum-set ring centred by a rectangular-shaped pink diamond weighing in at almost 13 carats.   This beautiful piece, featuring marquis-cut diamond shoulders, sold for a breathtaking $3.9 million (CAD), more than $1 million above the high-end range of the pre-auction estimate.

4.  A Coloured Diamond and Diamond Ring

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Yellow diamonds continued their upward trend in this auction as this 10.02 carat, marquis-cut fancy vivid yellow diamond ring sold for $1.2 million (CAD).   The amount was on the high side of the early estimates which had the piece selling for between $910,000 and $1.3 million.

Rare Blue Diamond Sets Auction Record

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The world’s largest flawless vivid blue diamond headlined Christie’s Magnificent Jewels auction in Geneva on Wednesday and results did not disappoint fans of rare jewels.

The blue stone, weighing in at 13.22 carats, sold for $26.4 million (CAD) at a record-breaking $2 million per carat!   The sale was made to famed jeweller company Harry Winston who has renamed the diamond “The Winston Blue”.

Among the other colour diamonds standouts from the auction was “The Ocean Dream”, a 5.50-carat vivid blue-green triangular-cut diamond that sold for over $9.5 million.

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Pink Diamonds continued their upward trend as a fancy light pink brilliant-cut diamond ring sold for $3.6 million, a record for that colour.   What made the sale even more interesting was that the sale price was more than double what industry experts had estimated prior to the auction.

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Another colour diamond piece that blew away original estimates was a three-stone diamond ring by Bulgari.   The focus of the ring includes  a 2.03 carat blue diamond, a 1.51 carat purplish-pink diamond and a 1.47 carat yellow diamond.   The ring was assumed to sell for between $978,000 and $1.2 million.   It actually sold for $3.2 million.

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Overall the auction raked in $167.7 million, a record for a jewelry auction of any kind.   The previous record had been set just the day before by Sotheby’s Magnificent Jewels And Noble Jewels auction.

 

A Daffodil Yellow Diamond Helps Sprouts New Records At Auction

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Headlined by a yellow, daffodil-coloured diamond, famed auction house Sotheby’s set a record for jewelry auctions with winning bids totalling $141,492,079.

The Graff Vivid Yellow Diamond, weighing in at a whopping 100.09 carats, sold for $17,793,582 (CAD).   This amount set records for most ever spent on a yellow diamond at auction as well as the most ever spent on a jewel by Graff.

Despite the record number, the winning bid was still on the low end of pre-auction estimates as experts predicted the diamond would sell for between $16.4 and 27.4 million (CAD).

The sale of the yellow stone almost didn’t happen as when it first went under the hammer on Tuesday, it failed to garner high enough bidding.   However, after some confusion over the currency conversion, the diamond went back on the block until it was eventually sold to an as yet unnamed buyer.

Other highlights from the auction included the following:

  • A 12.07 carat marquise-cut pink diamond set a record for highest per carat price ever paid for a diamond of that colour at $655,889.   The total sale was $7,916,585.

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  •  A 10.11 carat light pink diamond ring shattered the pre-auction estimates of between $553,436 and $879,348 by selling for an eye-popping $4,335,244.   This set a per carat price record for a light pink diamond at $428,807.

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  •  A 25.32-carat brilliant-cut, diamond sold for $6,814,634 or $269,140 per carat.   That per carat price is the most ever spent for a round, colourless diamond.

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  • At a massive 103.46 carats, this diamond ring by Graff features one of the largest round diamonds ever found.   It sold for $5,299,451.

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Colour Diamonds from the Hong Kong Magnificent Jewels

Colour diamond experts will be playing close attention to Christie’s Hong Kong Magnficent Jewels auction coming up on May 27.   The auction, the final one of the spring season will feature a vast array of different colour stones that are sure to dazzle.

Here are details for four colour diamond pieces scheduled to go under the hammer and expected to sell for over $1.5 million.

1.  A Magnificent Coloured Diamond And Diamond Ring

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One of the highlights of the auction, this pear-shaped Fancy Intense Pink diamond weighs in at 9.38 carats.   It is flanked by two smaller pear-shaped white diamonds and set on a ring made of platinum and 18-karat rose gold.   The piece is estimated to sell for as much as $8.4 million.

2.  A Rare Coloured Diamond Ring

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The centrepiece of this ring is an ultra-rare Fancy Intense Green diamond weighing 6.13 carats.   The piece features a brilliant-cut pink diamond surround mounted on 18-karat rose gold.   The ring is expected to sell for between $2.6 and $3.8 million.

3.  An Important Coloured Diamond and Diamond Pendant Necklace

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Mounted on platinum, this necklace features a 2.04-carat cushion-cut Fancy Intense Blue diamond and a 12.05-carat briolette diamond.   This 40 cm long piece is expected to sell for between $1.6 and $2.3 million.

4.  A Rare Coloured Diamond and Diamond Ring

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This platinum ring features a rectangular-shaped Orangy-Pink diamond weighing a total of 12.93-carats and flanked by marquise-cut diamond shoulders.   Produced by famed jeweller Harry Winston, the piece is expected to sell for between $1.6 and $2.6 million.

The Top 5 Diamonds Looks From The Met Gala 2014

The Met Gala is the fashion event of the spring in New York City.   Since 1948, the event has been a fundraising dinner to benefit Metropolitan Museum of Art’s Costume Institute.   The guest list this year included celebrities from both the fashion world and Hollywood elite.

Having scanned through the red-carpet arrivals, here is our list of the Top 5 Diamond Looks.

1.  Czech fashion model Karolina Kurkova takes the top prize with this 55-carat Harry Winston guipure diamond necklace and Queen diamond ring.

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2.  Part of the Kardashian clan, Kendall Jenner made her own statement with an 82-carat Chopard diamond collar necklace.

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3.   Star Trek star Zoe Saldana sparkled in black diamonds with an ensemble that included Jack Vartanian black diamond earrings, a black diamond bracelet, a leopard bracelet with diamonds, a Rhodonite Serpent bracelet and a black rhodium ring with black diamonds.

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4.   Singer/Actress Rihanna’s look included a 116-carat diamond chocker, 4-carat diamond stud earrings and diamond rings aplenty!

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5.  Pitch Perfect star Anna Kendrick made our list with her classic Hollywood look.   Her brilliant necklace, gorgeous earrings and stunning ring are all from Graff Diamonds.

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