Auctions

13-Carat Pink Diamond Withdrawn From Christie’s Auction

AuctionsDec 01, 2022

13-Carat Pink Diamond Withdrawn From Christie’s Auction

The auction house is not offering any details on why the fancy vivid pink stone was pulled from its upcoming “Magnificent Jewels” sale.

This ring set with a 13.15-carat VVS1/potentially IF fancy vivid pink diamond was supposed to be the highlight of Christie’s upcoming jewelry auction in New York but has been pulled from the sale for unspecified reasons. (Photo credit: Christie’s Images Ltd. 2022)
New York—A 13.15-carat fancy vivid pink diamond expected to sell for more than $30 million will no longer be a part of Christie’s upcoming New York jewelry sale.

Rapaport broke the news that the diamond had been pulled from the auction on Thanksgiving Day.

Christie’s confirmed its withdrawal to National Jeweler on Wednesday, stating: “The ‘Fancy Vivid Pink Diamond Ring’ has been withdrawn from sale in New York on Dec. 6. We have no further comment.”

The auction house originally announced the auction of the unnamed stone in mid-November, billing it as the highlight of its upcoming “Magnificent Jewels” sale. 

At the time, Rahul Kadakia, international head of jewelry at Christie’s, said a private collector approached them about putting the diamond up for sale in December after the auction house sold “The Fortune Pink” for $28.8 million in Geneva

The estimate on the VVS1/potentially IF stone, which Kadakia described as “magnificently rare,” was $25 million to $35 million. 

 Related stories will be right here … 

News that the 13-carat fancy vivid pink was being pulled from Christie’s upcoming jewelry sale follows an eventful fall for natural colored diamonds at auction.

In October at Sotheby’s Hong Kong, the 11.15-carat fancy vivid “Williamson Pink Star” sold for $57.7 million, or roughly $5.2 million per carat, blowing past pre-sale estimates and setting a new price-per-carat world record for any diamond or gemstone sold at auction.

At first, Sotheby’s announced the buyer had changed the diamond’s name to the “Rosenberg Williamson Pink Star” but later decided just to keep it as the Williamson Pink Star.  

The Fortune Pink went up on the block a month later at Christie’s Geneva with a pre-sale estimate of as much as $35 million but ultimately came in at the low end of its estimated range. 
That same week, a 5.53-carat fancy vivid blue diamond that is part of a group of eight blue diamonds from De Beers Group failed to find a buyer at Sotheby’s Geneva.

The top lot in Christie’s Dec. 6 “Magnificent Jewels” sale is now expected to be a pendant featuring a nearly 32-carat fancy blue diamond (estimate $10 million to $15 million), while Sotheby’s is gearing up for what could be a massive jewelry auction next week.

The auction house’s Dec. 7 sale includes a 6.25-carat emerald ring recovered from a 400-year-old shipwreck; two more diamonds from the “De Beers Exceptional Blue Collection;” the 303.10-carat “Golden Canary” diamond; and a selection of Egyptian Revival jewelry

Michelle Graffis the editor-in-chief at National Jeweler, directing the publication’s coverage both online and in print.

The Latest

CollectionsFeb 03, 2023
Chipotle Spices Up Valentine’s Day with Jewelry Collection

The fast-casual chain partnered with Anna Sheffield’s Bing Bang NYC brand on a capsule collection and it’s a little “extra.”

SourcingFeb 03, 2023
Greenland Ruby Names New CEO

Geologist Arnt-Eirik Rørnes has taken on the role.

EditorsFeb 03, 2023
Piece of the Week: Gismondi 1754’s ‘Marea’ Cuff

The diamond and tanzanite bracelet was inspired by the waves of the Italian gulf near Genoa.

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.

CollectionsFeb 02, 2023
Lowe’s Is Now Selling Jewelry

The home improvement store’s website features an “Empowerment Tools” demi-fine jewelry collection.

Weekly QuizFeb 02, 2023
This Week’s Quiz
Test your jewelry news knowledge with this short test.
Take the Quiz
Events & AwardsFeb 02, 2023
Registration is Now Open for JIS Spring 2023

The show will feature a new pavilion of 30 jewelry designers and manufacturers from Surat, India.

Policies & IssuesFeb 02, 2023
Tiny Radioactive Capsule Lost in Australian Outback Found

A government official said search crews “found the needle in the haystack” when they located the capsule belonging to Rio Tinto along an 870-mile stretch of road.

Brought to you by
De Beers Institute of Diamonds Expands to Offer Education

De Beers is sharing over 130 years of experience and expertise through the De Beers Institute of Diamonds with a selection of courses.

TrendsFeb 02, 2023
Amanda’s Style File: Purple and Playful

Amanda Gizzi welcomes February with a selection of amethyst jewelry, a birthstone that “deserves its own time to shine.”

EditorsFeb 01, 2023
Designers to Watch in 2023: Boochier

Behind the playful and nostalgic brand lies deeper meaning.

Events & AwardsFeb 01, 2023
New Miami Jewelry Center Slated to Open in Q1

The Time Century Jewelry Center is located in downtown Miami’s jewelry district.

SurveysFeb 01, 2023
Consumer Confidence Falls in January

Wariness about the year ahead offset a more positive view of the current economic situation.

MajorsFeb 01, 2023
Six New Retailers Appointed to IJO’s Board of Directors

The IJO also welcomed one new vendor member to its 13-member board, Brecken Farnsworth of Parlé Jewelry Designs.

ColumnistsJan 31, 2023
Squirrel Spotting: How About a Word for the New Year?

It begins with a “t” and ends with a “c” and is imbued with warmth and positivity, Peter Smith writes.

Policies & IssuesJan 31, 2023
Rio Tinto Issues Apology After Radioactive Capsule Goes Missing

The tiny capsule, which is believed to have fallen out of a truck, was lost somewhere along an 870-mile stretch of desert road.

MajorsJan 31, 2023
Indian Jewelry Brand Tanishq Opens First U.S. Store, More on the Way

The jeweler’s expansion plans include 20 to 30 more stores in North America and the Middle East over the next two to three years.

Events & AwardsJan 31, 2023
Gucci Is Getting a Gem Award

The Italian luxury brand will receive the first Gem Award for High Jewelry Excellence.

MajorsJan 31, 2023
Martin Flyer Names New VP of Business Development

Industry veteran Kevin Lane has stepped into the role.

MajorsJan 30, 2023
Researchers Uncover Bejeweled ‘Golden Boy’ Mummy

The ancient Egyptian teenager was buried 2,300 years ago with 49 amulets to guide him through the afterlife.

SurveysJan 30, 2023
Consumers Embracing Non-Traditional Ways to Mark Valentine’s Day

The NRF’s annual survey shows that consumer attitudes about how, or even whether, to celebrate Feb. 14 continue to evolve.

Events & AwardsJan 30, 2023
JA Is Searching for the Next Retail ’20 Under 40’

Nominations are open now through March 24.

MajorsJan 30, 2023
10 Jewelry News Stories You Might Have Missed

A column detailing how independent jewelers did last year and the top watch brands of 2022 were among the most-read stories last week.

FinancialsJan 27, 2023
Tiffany & Co. Shines for LVMH in 2022

Acquired in 2021, the brand’s high jewelry sales have doubled and its new “Lock” collection was an instant hit.

MajorsJan 27, 2023
Diamond Council of America Appoints Treasurer, Board Member

Executives from Fred Meyer Jewelers and Riddles Jewelers have filled the roles.

CollectionsJan 27, 2023
Piece of the Week: Heavenly Vices’ Lock Necklace

The Victorian-inspired design is a functional lock and key.

Supplier BulletinJan 26, 2023
JA New York Spring Brings the Industry Together

For over 100 years, JA New York has played an integral role in facilitating the evolution of our industry, while also honoring past traditions.

TrendsJan 26, 2023
At Vicenzaoro, Paola De Luca Gazes Into Jewelry’s Future

The trend forecaster and her guests explored unconventional jewelry designs, NFTs, AI art, and more during her Trendvision presentation.

×

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