National Jeweler Network

Jewelry Auctions

Golconda diamond snags $10M at Christie’s

December 12, 2013

This 52.58-carat Golconda diamond sold for more than $10 million at Christie’s New York, making it the top lot of the Magnificent Jewels auction held Tuesday.

Check out the top lots from Christie’s Magnificent Jewels auction.

New York--A 52.58-carat, D color internally flawless Golconda diamond sold for $10.9 million at Christie’s on Tuesday.

The octagonal-cut diamond, which Christie’s said featured “superior luminance, luster and distinct brilliance,” was purchased by an anonymous bidder for $207,600 per carat.

Overall, Christie’s 495-lot auction of Magnificent Jewels totaled $65.8 million, with 86 percent sold by lot and 92 percent sold by value.

Leviev lots from a private collector were included in the sale. A 26.72-carat cushion-cut, D color internally flawless diamond garnered $4.3 million while a diamond necklace suspending a 22.12-carat pear-shaped, D color diamond sold for $2.8 million.

Other notable lots include a pair of heart-shaped, D color internally flawless VVS1 diamond ear pendants weighing 10.25 and 10.24 carats and purchased by an anonymous bidder for $2.6 million.

Tuesday’s sale marked the conclusion of Christie’s 2013 jewelry auction season. The results of this sale, in combination with the results achieved by the New York jewelry sales in April and October, brought Christie’s 2013 New York Magnificent Jewels total to $193.8 million.

“2013 has been a stellar year for jewelry at Christie’s New York. From start to finish, prices for superb diamonds, natural pearls and rare jewels have soared beyond their estimates, driven by intense competition from collectors worldwide,” said Rahul Kadakia, head of jewelry for Christie’s Americas and Switzerland.