Wednesday, November 25, 2009

Big Diamonds Bring Big Prices at Auction

More big diamonds and big prices were seen at the Christie's Geneva auction on November 18. A 62.30-carat, D flawless diamond sold for $8.051 million amid a sale which sold 82 percent by lot and 93 percent by value. Aleks Paul of Essex Global Trading in New York paid $130,000 per carat for the 62.3-carat, Type IIa flawless diamond. Paul was on a buying spree, he also submitted the top bids for two natural color diamonds, bidding $2.68 million for a diamond ring by Wolfers that paired a 3.30-carat, rectangular-cut, fancy intense blue diamond with a 3.90-carat E, VS2 diamond estimated at $580,000 to $740,000. He also spent nearly another $2.68 million on a fancy vivid, fancy intense and fancy blue diamond clasp, circa 1950, which had been estimated at $500,000 to $650,000. He has a history of buying or trying to buy important stones. Last year he was the underbidder against Laurence Graff for the Wittelsbach diamond.

In the same sale a 65.20-carat fancy intense yellow, cushion-shaped diamond pendant sold for nearly $1.04 million and a 4.42-carat fancy intense, square-cut green diamond ring sold for $783,000. The largest recorded fancy grayish-yellowish-green "chameleon" diamond in the world, cut into a 19.13 carat briolette and mounted as a pendant, sold for $987,000, setting a new world record price for a chameleon diamond.

Posted via email from Whiteflash Diamonds posterous