Monthly Archives: November 2014

Multi-Million Dollar Color Diamonds Highlight Auction

A staggering amount of multi-million dollar color diamonds will be headlining Christie’s Hong Kong Magnificent Jewels Auction on November 25.   Here’s a look at the top 5 dazzlers that are certain to be among the most popular of the items at the auction.

1.  An Exceptional Colour Diamond Ring

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Designed by famed Israel-based Moussaieff Jewellers Ltd, this ring is centred by a 3.39-carat oval-shaped Fancy Vivid blue diamond with a marquise and brilliant-cut pink diamond surround.   The piece is estimated to sell for as high as $7.3 million (CAD).

UPDATE:  Didn’t quite the reach the high end of the estimates, selling for $6.5 million (CAD).

2.   A Stunning Coloured Diamond and Diamond Ring

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A second diamond ring from Moussaieff Jewellers, this features a 2.09-carat heart-shaped Fancy red diamond within a petal-surround of six pear-shaped white diamonds ranging between 1.01 and 1.07 carats.   Pre-auction estimates have this piece selling for between $4.1 and $5.5 million.

UPDATE:  This ring blew past the pre-auction estimates, selling for $5.7 million.   That sale price makes the stone the most expensive red diamond ever sold both by overall price and price per carat.

3.  A Rare Pair of Coloured Diamond and Diamond Ear Pendants

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The first of these pendants feature a square-shaped Fancy Intense green diamond weighing in at 5.64 carats, while the second has a square-shaped Fancy Intense Yellowish Green Diamond weighing in at 5.18 carats.   Each pendant features a brilliant-cut white diamond surround highlighted by a pear-shaped pink diamond and brilliant-cut pink diamond hook.   The estimate for the pair is between $3.5 and $5.8 million.

UPDATE:  Did not sell

4.  An Important Coloured Diamond and Diamond Ring

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The focal point of this ring is a massive 20.82-carat square-shaped Fancy Vivid yellow diamond.   The piece also features an oval-shaped white diamond surround weighing in between 1.50 and 1.57 carats.  The pre-auction estimate ranges between $1.8 and $2.7 million.

UPDATE:  Did not sell

5.  A Unique Belle Epoque Coloured Diamond and Diamond Pendant Necklace

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From France’s Belle Epoque era of the late 1800s-early 1900s, this pendant necklace is set with a cushion-shaped Fancy Intense yellow diamond weighing in at 52.26 carats.  The chain itself features Old European and Brilliant-Cut white and yellow diamonds.   The estimates for this piece are between $1.8 and $2.6 million.

UPDATE:  A bit of a surprise considering how many industry experts were gushing about this piece prior to the auction, it only sold for $2.5 million.

Opening The Mellon Collection

Sotheby’s highlights the auction world this week with two separate sales from the collection of Mrs. Paul Mellon.  Paul Mellon, a famed philanthropist and horse breeder, passed away in 1999.   His wife Bunny Mellon, well known in the horticultural world as having designed the White House Rose Garden, passed away in March 2014.

The fine art, furniture and silver from the Mellon residence will be part of a Sotheby’s auction that begins on Friday, November 21.   The jewelry owned by Mrs. Mellon will be part of an auction that begins on Thursday, November 20.   We decided to take a look at the Top 5 Color Diamond jewels that will be part of the sale.

1.  A Magnificent and Rare Fancy Vivid Blue Diamond

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The prime jewel of the auction, this pear-shaped Fancy Vivid blue diamond weighs in at a staggering 9.75 carats.   The pre-auction sale estimates are ranging anywhere from between $10 and $16 million (CAD).

UPDATE:  This stone, now named The Zoe Diamond, become a true record-breaker, selling for more than double the high-end estimate at $35.8 million.   This amount set records for highest sale price for a blue diamond at auction as well as the most paid per-carat for a diamond of any kind at auction.

2.  An Exquisite Gold and Diamond Riviera by Cartier

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111.0 carats of old European-cut white diamonds make up the bulk of this Cartier necklace but the highlight is a Fancy Deep Yellow diamond weighing 4.20 carats.   The piece is expected to sell for between $1.4 and $1.7 million.

UPDATE:  Another piece that sold for more than double the high-end estimate, this necklace went for $3.1 million.

3.   An Important Fancy Blue Diamond Pendant

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The second of two impressive blue diamonds, this pendant featuring a 9.15-carat Fancy Blue diamond mounted on platinum has a low end estimate of $1.1 million.

UPDATE:  Another blue diamond that more than doubled the high-end estimate, this sold for $3.3 million.

4.  An 18 Karat Gold, Platinum, Fancy Yellow Diamond & Diamond Bracelet

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A stunning bracelet featuring 12 old European-cut yellow diamonds alternating with 12 old European-cut white diamonds.   The stones total approximately 28 carats and is expected to sell for between $137,000 and $192,000.

UPDATE:  The only piece on our list to not at least double the estimate, this bracelet sold for a mere $163,000.

5.  A Platinum, Colored Diamond, Diamond and Diamond Simulant Brooch

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A bunny-shaped brooch highlighted by a .50-carat round orangey-brown diamond, a .69-carat Fancy Intense Blue diamond and a .62-carat Light Pink diamond.   The wholly original piece is expected to sell for between $16,000 and $22,000.

UPDATE:  Apparently someone really likes bunnies as this brooch sold for almost 4 times the high-end estimate at $85,8700.

The Launch of The Fancy Color Research Foundation

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The Fancy Colour Research Foundation (FCRF) was launched earlier today “to promote fair trade and ethics in the fancy color diamond industry.”

Along with the launch, the independent, non-profit organization released a financial index regarding color diamonds that included some fascinating information about the rare gems.

We broke down the main points from the index as it related to the recent investment history of color diamonds.

  • Fancy color diamonds have outperformed most key global assets since January 2005
  • Pink diamonds have increased in value by 360% in the last nine years
  • Blue diamonds have increased in value by 161% in the last nine years
  • Pink, yellow and blue diamonds have combined to increase in value by 167% in the last nine years
  • The value of color diamonds such as blue and pink were unaffected by the global financial crisis of 2008-2010

 

The Color Diamonds of Sotheby’s Magnificent Jewels Auction

Sotheby’s of Geneva will be holding their Magnificent Jewels and Nobel Jewels auction on Wednesday, November 12 and, once again, colour diamonds will be front and center.

We take a look at the top 5 colour diamond pieces including a brilliant blue, some amazing yellows and a couple of stunning pinks.   All five should sell for at least a million dollars apiece.

1.  A Rare Fancy Intense Blue Diamond Ring

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Estimated to sell for as much as $3.3 million (CAD), this beautiful Cushion-Shaped Fancy Intense Blue diamond weighs in at 3.16 carats.

2.  Fancy Intense Purplish Pink Diamond Ring

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Another amazing color diamond ring, this one features a 4.53-carat Oval-Modified Brilliant Cut Purplish-Pink stone.   Industry experts believe it will sell for between $1.3 and $1.8 million!

3.  An Impressive Fancy Yellow Diamond Pendant

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From the Swiss jewelry company Gubelin, this pendant features a massive 55.19-carat Fancy Yellow diamond.   This piece could be the steal of the auction as estimates have it selling  between only $1.1 and $2.2 million!

4.  A Rare and Impressive Fancy Vivid Yellow Diamond Ring

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Graff Diamonds biggest entry in the world of color diamonds at the auction is this Step-Cut Fancy Vivid Yellow diamond weighing 10.30 carats.  Estimates have it selling between $1 and $1.7 million.

5.  Attractive Light Pink Diamond Ring

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A Pear-Shaped Light Pink Diamond featuring white diamond shoulders is the final entry on the list.   The low-end estimate for the piece is $783,000 though, considering the rarity of pink diamonds, the sale price will probably end up closer to the top-end of the estimate $1.6 million.

Elite Traveler – From Celebrities To Auctions, Naturally Colored Diamonds Are Making News and Breaking Records

The connection between the popularity of color diamonds and the amount of celebrities who purchase them continue to grow.   Elite Traveler’s Editor-in-Chief Doug Gollan wrote an interesting article about this ongoing trend.

Click here to read the full story.