It says a lot about millennial and Gen-Z consumer attitudes, writes Senior Editor Ashley Davis.
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This 10.67-carat diamond, graded a natural fancy gray by two major labs, was part of Sotheby’s “Magnificent Jewels” sale last week.
It’s believed to be part of a $90 million scheme perpetrated by a man who billed himself as a psychic online.
In addition, a 2.08-carat blue diamond did not find a buyer while a 3.24-carat blue from the same collection was pulled from the sale.
After a 13-carat pink diamond was pulled ahead of the sale, blue and colorless diamonds reigned supreme.
Said to be the largest pink diamond found in hundreds of years, “The Lulo Rose” was sold for an undisclosed sum.
The auction house is not offering any details on why the fancy vivid pink stone was pulled from its upcoming “Magnificent Jewels” sale.
It follows a few other notable fancy color diamonds at auction this fall, with mixed results.
The 5.53-carat fancy vivid blue diamond was the first of eight rare stones Sotheby’s will offer through 2023.
Estimated to sell for $25 million-$35 million, the 18.18-carat fancy vivid pink diamond went for $28.8 million.
L.J. West Diamonds has collaborated with the Melbourne Museum to mount an exhibition of the rarest stones from the now-closed Argyle mine.
It’s the largest pink diamond found at the Lesotho mine to date, according to Storm Mountain Diamonds.
“The Golden Canary” is one of the world’s largest polished diamonds, valued at more than $15 million.
“The De Beers Exceptional Blue Collection” will be sold across Sotheby’s jewelry auctions this year and through spring 2023.
Purchased by a collector in Florida, the 11.15-carat fancy vivid pink is the second most valuable jewel or gemstone ever sold at auction.
Arctic Canadian unearthed a 71-carat yellow diamond, while Mountain Province reported discovering a nearly 152-carat stone at Gahcho Kué.
The final hammer price blew the pre-sale estimate out of the water.
The pear-shaped fancy vivid pink diamond will lead the Christie’s Geneva Magnificent Jewels auction on Nov. 8.
Namdar joins a long line of diamond experts, but his love of the trade was learned rather than inherited.
Named the “Williamson Pink Star,” it is the second largest internally flawless fancy vivid pink ever to appear at auction.
Heritage Auctions is presenting the stone as part of its fall jewelry sale.
The online jewelry sale sold 98 percent by lot.
The type II diamond came out of the Lulo alluvial mine in Angola and will be sold via international tender.
Sotheby’s New York put a colorless diamond and a fancy deep orange-brown diamond up for sale last week, with mixed results.
Two of the four stones on display are record holders.