Auctions

One More Big Pink Diamond Heads to Auction, With $35M Price Tag

AuctionsNov 16, 2022

One More Big Pink Diamond Heads to Auction, With $35M Price Tag

It follows a few other notable fancy color diamonds at auction this fall, with mixed results.

Christie’s New York will auction this 13.15-carat VVS1 clarity, potentially Internally Flawless fancy vivid pink diamond ring at its Dec. 6 Magnificent Jewels auction, where it’s expected to sell for between $25 million and $35 million. (Photo credit: Christie’s Images Ltd. 2022)
New York—It’s a fall full of pink diamonds, with another big stone heading to auction. 
 
Christie’s has announced it will offer a 13.15-carat VVS1 clarity, potentially Internally Flawless fancy vivid pink diamond ring as a highlight in its Dec. 6 Magnificent Jewels auction in New York.
 
The emerald-cut ring is expected to sell for between $25 million and $35 million. 
 
“Following the success of The Fortune Pink, which achieved almost $30 million last week in Geneva, we are proud to have been approached by a private collector to offer this incredible diamond at auction in December,” said Rahul Kadakia, international head of Christie’s Jewellery. 
 
“This season has seen outstanding results for fancy-colored diamonds and this particular fancy vivid pink is of the highest caliber. With impressive saturation, step-cut facets and a clarity grade of potentially Internally Flawless, this 13.15-carat fancy vivid pink is magnificently rare.”
 
The ring was on display in New York on Nov. 14 and 15. Next it will be in Hong Kong from Nov. 25 to 28 before going back to New York to be showcased from Dec. 2 to 5, prior to the jewelry auction. 
 
 Related stories will be right here … 
 
Two other big pink diamonds recently hit the auction block, to mixed results. 
 
The “Williamson Pink Star,” an 11.15-carat fancy vivid pink diamond, sold for more than $57 million at Sotheby’s Hong Kong in early October, crushing its $21 million pre-sale estimate to become the No. 2 most expensive gem or jewel ever sold at auction.

With a per-carat sale price of roughly $5.2 million, it also set a new price-per-carat record for any diamond or gemstone sold at auction.
 
Then, just last week, the 18.18-carat “Fortune Pink” diamond sold for $28.8 million, at the low end of its estimated range, at Christie’s Geneva. 

The first stone in a collection of rare blue diamonds offered at auction by Sotheby’s, meanwhile, failed to find a buyer in Geneva last week. 

The Latest

MajorsMar 27, 2023
Pandora Promotes GM to Chief of Retail Operations

Massimo Basei is moving up, while Chief Commercial Officer Martino Pessina is stepping down.

Events & AwardsMar 27, 2023
Registration Is Open for the HardRock Summit

AGTA GemFair and the Denver Gem & Mineral Show also will have a presence on the show floor.

FinancialsMar 24, 2023
Movado Predicts Declining Sales Amid ‘Volatile’ Retail Environment

The watch company expects first-quarter sales to fall as much as 15 percent due to inflation and tough comps.

Brought to you by
Full Disclosure at Your Fingertips

Distinguishing natural diamonds from laboratory-grown stones – now more available than ever – has been difficult for jewelers. Until now.

Lab-GrownMar 24, 2023
Lightbox Promotes General Manager to COO

Adam O’Grady, general manager of the Lightbox Lab, has taken on the new role and will report directly to Lightbox CEO Antoine Borde.

Weekly QuizMar 23, 2023
This Week’s Quiz
Test your jewelry news knowledge with this short test.
Take the Quiz
WatchesMar 23, 2023
Which Brands Do Watch Enthusiasts Love Most? Chrono24 Takes a Look

The watch marketplace gathered data from 1.3 million collectors, highlighting the most popular timepieces and exploring value appreciation.

SourcingMar 23, 2023
Burgundy Diamond Backing Out of Ellendale Mine Deal

Burgundy has opted not to exercise its option to buy the mining claims Gibb River Diamonds currently owns.

Brought to you by
Bringing Over 130 Years of Diamond Expertise to Modern Grading

De Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.

GradingMar 23, 2023
GCAL Introduces 8X Cut Grade for Proprietary Cuts

Patented and specialty cuts now can receive an 8X Proprietary Certificate, which can be customized to include a company’s brand and logo.

Events & AwardsMar 23, 2023
Diamonds Do Good Names 2023 Award Recipients

The organization said it will recognize those who exemplify the idea that doing good is good business.

CollectionsMar 22, 2023
Messika’s 2023 Campaign Pairs New Jewelry With Vintage Cars

Kendall Jenner once again is fronting the French brand’s campaign, joined by model and dancer Alton Mason.

Events & AwardsMar 22, 2023
Hari Krishna Exports Hosts Gala Amid UN Water Conference

The CEOs of Signet, Helzberg, and GIA spoke on a water conservation panel, and had lakes named in their companies’ honor.

Policies & IssuesMar 22, 2023
See Kwiat’s Bracelet for World Water Day

Sales of the sleek sterling silver and diamond design will go to nonprofit organization charity: water.

AuctionsMar 21, 2023
Marlene Dietrich’s Van Cleef & Arpels Bracelet Going Up for Auction

Expected to earn up to $4.5 million, the “Jarretière” bracelet is the star of Christie’s “The Magnificent Jewels of Anne Eisenhower” sale.

ColumnistsMar 21, 2023
Squirrel Spotting: Customer Retention Mindset—The New CRM

With jewelry sales coming down from their pandemic highs, retailers need to do all they can to retain existing customers, Peter Smith says.

Events & AwardsMar 21, 2023
ASJRA’s May Conference Examines ‘Iconic’ Jewelry Companies

Jewelry historians, authors, and experts will explore the works of Tiffany & Co., Oscar Heyman, Verdura, and more.

IndependentsMar 21, 2023
Borsheims Executive Jennifer Johnson Retires

Johnson joined the retailer in 1987, establishing its first human resources department.

Recorded WebinarsMar 20, 2023
Watch: Lab Grown Diamonds: What's Now? What's New? What's Next?

Supplier Spotlight Presented by IGI

Events & AwardsMar 20, 2023
Gem Awards Shine Spotlight on Design, Dedication, and Family

The industry gathered to celebrate those who elevate the jewelry and watch industries.

CrimeMar 20, 2023
Jewelry Crime Reached Record Level in 2022, JSA Says

At JSA’s annual luncheon, President John J. Kennedy said the organization recorded more than 2,000 cases last year.

CollectionsMar 20, 2023
A New Book on Chanel Is a High Jewelry Lover’s Dream

It highlights Gabrielle “Coco” Chanel’s lasting influence on modern design.

Recorded WebinarsMar 17, 2023
Watch: Lessons From Gems

Jewelers of America’s Amanda Gizzi explores the qualities and accomplishments that make this year’s Gem Award nominees shine.

Events & AwardsMar 17, 2023
JCK Industry Fund Announces Grant Recipients

Here’s what the nine chosen organizations plan to do with the funds.

TrendsMar 17, 2023
Piece of the Week: Anita Ko’s Award-Ready Earrings

The designer is nominated for a Gem Award for Jewelry Design.

FinancialsMar 16, 2023
Winter Weather, Declining Engagements Weigh on Signet’s Results

The jewelry giant’s full-year sales were essentially flat, brought down by fourth-quarter declines.

FinancialsMar 16, 2023
Brilliant Earth Took a Record Number of Orders in 2022

In its recent results, the company highlighted non-bridal jewelry sales and said its “inventory-light” showroom model may change.

Events & AwardsMar 16, 2023
Amanda’s Style File: Sparkling Gems

See 15 fabulous pieces from the 2023 Gem Award for Jewelry Design nominees: Anita Ko, Kirsty Stone, and Ron Anderson and David Rees.

×

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