National Jeweler Network

Jewelry Auctions

Briolette diamond sells for $11M at Christie’s

2013-06-05

Hong Kong--Yet another diamond has broken a world auction record. At Christie’s Hong Kong spring sale of fine jewelry, a 75.36-carat diamond briolette sold for $11.2 million, setting a new world record auction price for a briolette.

A private Asian buyer paid $148,000 per carat for the D, IF stone at Christie’s May 28 sale of Magnificent Jewels.

The record-breaking sale of this big briolette is the latest diamond to raise the bar price-wise for the stones at auction.

In mid-April, Christie’s New York saw the $39.3 million sale of the “Princie Diamond” set a new world record for a Golconda diamond at auction. It also was the most valuable stone ever sold at Christie’s and in the United States.

That same month, a 5.30-carat fancy deep blue diamond sold for $9.5 million, or $1.8 million per carat, at Bonhams in London, setting a new world record price for a fancy deep blue diamond at auction. And in May, Christie’s Geneva sold a 101.73-carat pear-shaped diamond that was named the “Winston Legacy” for $26.7 million, setting a new world record for a colorless diamond at auction.

As a whole, Christie’s May 28 Magnificent Jewels totaled $82.9 million.

The second-highest grossing lot of the sale was a diamond and emerald drop fringe necklace mounted by Boucheron. A private Asian buyer paid $5.7 million for the piece.

A pair of Burmese ruby and diamond ear pendants from Etcetera $3.9 million to a private Asian buyer, and a suite of jadeite and diamond jewelry went for $3.0 million.

An 8.88-carat oval-shaped Burmese ruby and diamond ring by James W. Currens sold for $2.9 million.