The announcement coincided with its full-year results, with growth driven by its jewelry brands.
15-Carat Pink Diamond Sells for $31.6M
The largest fancy vivid pink pear-shaped diamond ever offered at auction, the “Unique Pink” led Sotheby’s Geneva jewelry sale.
Geneva--A “rare and exceptional” fancy vivid pink pear-shaped diamond sold for $31.6 million, or about $2.1 million per carat, at Sotheby’s Geneva.
The stone’s sale price, which was $28 million excluding fees, came in at the low end of its estimated range of $28-$38 million.
The 15.38-carat pear-shaped “Unique Pink” is the largest fancy vivid pink pear-shaped diamond ever offered at auction, Sotheby’s said. It went to an unnamed buyer from Asia.
The pink stone was the highlight of the auction house’s Magnificent Jewels and Noble Jewels sale held Tuesday in Geneva.
All told, the jewelry auction garnered $174.5 million, which is a new world record for a jewelry auction.
According to the Gemological Institute of America, the Unique Pink is VVS2 clarity, and also was found to be Type IIa, displaying “exceedingly pure structure.”
Cora International cut and polished the rough diamond that yielded the Unique Pink.
The world auction record for any pink diamond is held by the Graff Pink, a 24.78-carat emerald-cut fancy intense pink diamond that sold at Sotheby’s Geneva in November 2010 for $46.2 million, or $1.9 million per carat.
The world auction record and record price per carat for any diamond or gemstone, meanwhile, currently belongs to the Blue Moon of Josephine. The 12.03-carat cushion-shaped fancy vivid blue diamond sold for $48.5 million, or $4 million per carat, at Sotheby’s Geneva in November.
The Latest
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Despite the rising prices, consumers continue to seek out the precious metal.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
The ad aims to position platinum jewelry as ideal for everyday wear.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.