Jewelry Auctions

High diamond bids expected for Christie’s auction

This Tiffany & Co. pear-shaped fancy purplish-pink diamond ring of more than 8 carats, flanked on either side by a triangular-cut diamond and mounted in platinum is estimated to realize $1.2-$1.8 million at Christie’s October sale of Magnificent Jewels.
Oct 4, 2011

New York--Christie’s New York will mark the start of the fall auction season with its sale of Magnificent Jewels on Oct. 18, an auction of more than 340 pieces of jewelry estimated to realize a total of $35 million.

“As we meet with collectors and dealers around the world in the run-up to this autumn season, it is clear that demand for rare and important jewelry remains as strong as ever,” Rahul Kadakia, head of jewelry for Christie’s Americas, said.  

The top lot of the auction is the vivid yellow diamond (below), an un-mounted super-saturated fancy vivid pear-shaped diamond of nearly 33 carats. Estimated to realize $6-$8 million, the GIA ranks the stone among the rarest of gemstones in its class.

“Recent top prices for colored and colorless diamonds and gemstones have helped bring some spectacular jewels into the marketplace,” Kadakia said.

Six large D-color diamonds will be offered at Christie’s, with the largest being an oval-cut diamond ring (below) of nearly 26 carats by the jeweler Graff, mounted in platinum and estimated to realize $3.5-$5 million.

The sale also features a pear-shaped fancy vivid blue diamond ring of more than 3 carats, flanked by white pear-shaped diamonds, mounted in platinum and estimated to realize $2.5-$3 million.

A full-size version of Cartier’s limited edition “Tutti Frutti” Art Deco bracelet, made up of diamonds and carved sapphires, rubies and emeralds, is estimated to realize $600,000-$800,000 at the auction. A slimmer version of the bracelet realized more than double its pre-sale estimate at a Sotheby’s auction last month.

The sale will also include a 23-carat cushion-cut Columbian emerald ring and a 34-carat cushion-cut Burmese sapphire ring, among other lots.

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