AuctionsNov 10, 2022
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13-Carat Pink Diamond Withdrawn From Christie’s Auction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confirmed its withdrawal to National Jeweler on Wednesday, stating: “The ‘Fancy Vivid Pink Diamond Ring’ has been withdrawn from sale in New York on Dec. 6.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.
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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confirmed its withdrawal to National Jeweler on Wednesday, stating: “The ‘Fancy Vivid Pink Diamond Ring’ has been withdrawn from sale in New York on Dec. 6.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.
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.
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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.
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