Auctions

Christie’s to Auction 205-Carat Yellow ‘Red Cross Diamond,’ Again

AuctionsApr 14, 2022

Christie’s to Auction 205-Carat Yellow ‘Red Cross Diamond,’ Again

A portion of the proceeds from the sale of the famously charitable stone will benefit the international organization.

“The Red Cross Diamond” will be auctioned for the third time in 104 years at Christie’s Geneva next month. As in its first auction in 1918, a portion of proceeds will benefit the Red Cross. (Image courtesy of Christie’s Images Ltd. 2022)
Geneva—A diamond with a long history of benefitting charitable causes is back up for auction. 
 
Christie’s is offering the 205.07-carat fancy intense yellow cushion-cut diamond dubbed “The Red Cross Diamond” at the Geneva Magnificent Jewels sale on May 11. 
 
A portion of proceeds from the stone’s sale will benefit the International Committee of the Red Cross, and it won’t be the first time. 
 
The stone’s history begins in 1901, when the rough was recovered by De Beers in South Africa. It weighed 375 carats. 
 
After being cut and polished, it weighed 205 carats, and notably had a pavilion in the shape of a Maltese cross.
 
During World War I, the Diamond Syndicate (the forerunner to De Beers’ Diamond Trading Co., better known as the DTC) offered the stone for sale at Christie’s London to aid the British Red Cross Society and the Order of St John, in a charitable auction called the “Red Cross Auction.”

Here, “The Red Cross Diamond” is pictured on a reproduction of lot listings from the World War I Red Cross Auction. (Image courtesy of Christie’s Images Ltd. 2022)
Here, “The Red Cross Diamond” is pictured on a reproduction of lot listings from the World War I Red Cross Auction. (Image courtesy of Christie’s Images Ltd. 2022)
 
Famed London jeweler S.J. Phillips purchased the stone. In total, that auction raised £50,000, equivalent to £3 million, or $3.94 million, today. 
 
The Red Cross Diamond was auctioned again in November 1973 at Christie’s Geneva, selling to a private owner. It sold for CHF 1.8 million, about $1.9 million.
 
The stone’s auction this year will mark the third time Christie’s has offered the Red Cross Diamond in 104 years.
 
Chairman of Christie’s Europe and Head of the Luxury Department François Curiel said: “This is the third time in over 100 years for Christie’s to present this extraordinary canary yellow diamond of 205.07 carats. 
 
“This is a very special bond and tremendous honor. Part of the proceeds of the sale will benefit the International Committee of the Red Cross, for a cause that is even more poignant in the midst of current events.”
 
Christie’s told National Jeweler the stone is expected to sell for CHF 7 million to CHF 10 million, or about $7.5 million to $10.7 million. 
 
The auction house declined to disclose the exact percentage of the sale price that would benefit the Red Cross but said it would be “significant.” 
 
Christie’s relationship with the Red Cross goes beyond The Red Cross Diamond. 
 
During World War I, Christie’s auctioned 40 necklaces created from donated pearls for the Red Cross. It also held a sale benefitting the organization during World War II.
 
In 2018, Christie’s donated to the Red Cross to assist in California wildfire relief and in 2020, it donated 500 of its online courses to raise funds for the British Red Cross. 
 
The Red Cross Diamond will be on view in New York City at Christie’s headquarters at 20 Rockefeller Plaza April 29-May 1. 
 
It will be on view in Geneva at the Four Seasons Hotel des Bergues from May 6 to 11, the date of the auction.

 Related stories will be right here … 

The Latest

Recorded WebinarsMay 27, 2022
Watch: The 5 Things I Always Take to a Trade Show

Editor-in-Chief Michelle Graff is joined by three industry veterans to talk about the items they never leave behind and why.

CollectionsMay 27, 2022
92Y Has Selected its 2022 Artist in Residence

German jewelry artist Alexander Blank is the fourth designer to receive the honor.

CollectionsMay 27, 2022
Piece of the Week: Which Movie Inspired This Chopard Masterpiece?

The answer is “Hair,” and the necklace is from Chopard’s 2022 Red Carpet Collection, rolled out at the Cannes Film Festival.

Brought to you by
3 Reasons to Offer Estate Buying at Your Store

Provide your customers with a seamless selling solution by partnering with Windsor Jewelers, Inc.

Supplier BulletinMay 26, 2022
Extraordinary Italian Jewelry at JCK and COUTURE

Sponsored by Italian Trade Agency

Weekly QuizMay 26, 2022
This Week’s Quiz
Test your knowledge of the latest jewelry news with this quick test.
Take the Quiz
SourcingMay 26, 2022
Q&A: Deciphering De Beers’ Blockchain Platform

David Prager virtually sat down with Editor-in-Chief Michelle Graff to answer questions about the rollout of Tracr at scale.

FinancialsMay 26, 2022
Movado Posts Record Q1 Sales Despite ‘Challenging’ US Market

The company opted not to raise its fiscal guidance, citing a slowdown in the U.S. market as a key reason.

Brought to you by
Dive into GIA’s Pearl Expertise

When it comes to knowing the identity and quality of your pearls, count on GIA as your independent pearl experts.

TechnologyMay 26, 2022
State of Retail: The Pros and Cons of 4 Jewelry-Selling Platforms

From “old-school” eBay to new kid on the block 1stDibs, we asked jewelers about their experiences selling jewelry in non-traditional places.

Policies & IssuesMay 26, 2022
Barbara Wheat Named Executive Director of Ethical Metalsmiths

She has nearly 30 years’ experience in the gem and jewelry industry and a background in nonprofit management.

EditorsMay 25, 2022
7 Standout Tiaras in Sotheby’s Platinum Jubilee Exhibition

Senior Editor Brecken Branstrator chooses the pieces she’d most want to see in person.

MajorsMay 25, 2022
Anne Hathaway Is Bulgari’s Newest Ambassador

The actress joins Zendaya and others in a new advertising campaign.

IndependentsMay 25, 2022
The Mexican Shack to Close After 47 Years

Owner Steve Delzio shares his thoughts on retirement after nearly five decades in the jewelry industry.

IndependentsMay 25, 2022
Designer Theo Fennell Has Written a Memoir

“I Fear for This Boy” takes readers through the ups and downs of his business and is available for pre-order now.

IndependentsMay 25, 2022
MVEye, Wedding Report Partner on New Jewelry Research Platform

“Today’s Wedding Jewelry Consumer” shares data about engagement ring market size, lab-grown and natural diamonds, and more.

ColumnistsMay 24, 2022
The PR Adviser: 10 Questions to Contemplate

Columnist Lilian Raji wants to walk you through the customer journey. But first, she’d like you to answer a few questions.

Events & AwardsMay 24, 2022
8 Gold Jewelry Designers Unveil New Platinum Designs

Several Couture brands have partnered with Platinum Guild International ahead of the jewelry trade show.

Lab-GrownMay 24, 2022
Kendra Scott Unveils Lab-Grown Engagement Ring Collection

The jewelry company is moving into bridal just a month after branching out into the watch world.

SourcingMay 24, 2022
State of the Diamond Industry: Where Does Supply Go From Here?

The 2008 economic crisis, COVID-19, and sanctions on Russian goods have set the stage for an interesting decade for natural diamond supply.

Events & AwardsMay 24, 2022
WJA to Host Diversity Keynote at New Las Vegas Breakfast Event

The Generating Community Impact fundraiser on June 11 will feature Karine Bah Tahé of Blue Level Training.

WatchesMay 23, 2022
Steven Kaiser, Watch Industry Veteran and Beloved Mentor, Dies at 68

Kaiser, whose illustrious career spanned decades, died suddenly on Friday.

IndependentsMay 23, 2022
Long’s Jewelers to Open New Location

The family-owned jeweler is relocating its Braintree, Massachusetts, store to a new space.

IndependentsMay 23, 2022
Luxury Goods Veteran Olivier Stip Joins Chicago Jeweler CD Peacock

He will step into the retailer’s newly created role of chief development officer.

GradingMay 23, 2022
Gem-A Launches Digital Entry-Level Gemology Course

GemIntro is meant to give a broad introduction to gems and gemology.

Recorded WebinarsMay 20, 2022
Watch: Responsible Sourcing and the Gold Supply Chain

Three industry experts discuss “recycled” gold vs. mined, their challenges and benefits, and how jewelers can navigate the area.

FinancialsMay 20, 2022
Richemont’s 2022 Jewelry Sales in the Americas Nearly Double

Cartier, Van Cleef & Arpels, and Buccellati put on stellar performances.

SurveysMay 19, 2022
5 Predictions for Jewelry Retail in the Second Half of 2022

From a slowdown in sales growth to rising costs, Fruchtman Marketing outlines its expectations for the second half of the year.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy