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


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


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


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


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


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.


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