The announcement coincided with its full-year results, with growth driven by its jewelry brands.
‘Aurora Green’ Diamond Sells for $16.8M at Christie’s
The 5.03-carat fancy vivid green diamond, purchased by Chow Tai Fook, now is the most expensive green diamond ever sold at auction.
Hong Kong--A 5.03-carat fancy vivid green diamond is the latest big hulking hunk of carbon to set an auction record.
The “Aurora Green” garnered $16.8 million, or $3.3 million per carat, when it hit the auction block at Christie’s Hong Kong Tuesday, becoming the most expensive green diamond ever sold at auction. Hong Kong-based manufacturer and retailer Chow Tai Fook Jewellery purchased the stone.
The previous auction record for a green diamond was held by the “Ocean Dream,” a 5.5-carat fancy vivid blue-green diamond that sold for $8.6 million at Christie’s Geneva in May 2014.
The Aurora Green led Christie’s Magnificent Jewels sale, which totaled $60.7 million. When taking into account the jewels that were offered in the anniversary to celebrate the auction house’s 30th anniversary in Asia, jewelry sales Tuesday were $85 million.
Other jewels that topped the auction include a Burmese ruby and diamond bracelet by Faidee that sold under its pre-sale estimate when it garnered $3.5 million from a private buyer and a fancy vivid bluish-green, VS1 diamond weighing 2.08 carats that sold for $2.2 million.
Rounding out the top five lots were a cylindrical jadeite bangle for $2 million and a jadeite and diamond bracelet purchased by London’s Moussaieff Jewellers for $1.9 million.
The full list of results can be found on Christies.com.
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.