Two colour diamonds broke records at auction this week and the aftershocks are going to be felt around the industry.
The first record-setting diamond from this week was a 16.08-carat Fancy Vivid pink diamond that went under the hammer at Christie’s Geneva Magnificent Jewels sale on Tuesday, November 10.
The cushion-shaped stone, now called “The Sweet Josephine” is one of only three Vivid pink diamonds weighing over 10 carats ever to go to auction. The final sale price did not disappoint as the diamond sold for more than $28.5 million, an auction record for a Vivid pink diamond.
The jaw-dropping numbers continued on Wednesday, November 11, as a 12.03-carat Fancy Vivid blue diamond set a world record for any gemstone sold at auction in history as well as the largest per-carat price for a gem in history.
The Blue Moon Diamond, now called “The Blue Moon of Josephine”, was part of the Sotheby’s Magnificent Jewels and Noble Jewels auction in Geneva.
Numerous sources have confirmed that the buyer of both diamonds was Hong Kong real estate developer Joseph Lau. The billionaire is listed by Forbes Magazine as the 114th richest person in the world. He named both diamonds after his 7-year old daughter Josephine.
The previous record for a gemstone sold at auction was held by the 24.78-carat Graff Pink diamond, which sold for $46.2 million in 2010.