AuctionsNov 10, 2022
Diamond From De Beers ‘Exceptional Blue’ Collection Doesn’t Sell 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13-Carat Pink Diamond Withdrawn From Christie’s Auction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confirmed its withdrawal to National Jeweler on Wednesday, stating: “The ‘Fancy Vivid Pink Diamond Ring’ has been withdrawn from sale in New York on Dec. 6.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 …
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confirmed its withdrawal to National Jeweler on Wednesday, stating: “The ‘Fancy Vivid Pink Diamond Ring’ has been withdrawn from sale in New York on Dec. 6.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.
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.
More on Auctions
The Latest
MajorsJul 26, 2024
Diamonds Direct Opens Store in AtlantaIt’s the Signet-owned banner’s first location in Georgia.
TrendsJul 26, 2024
Piece of the Week: Bea Bongiasca’s ‘Double Loop’ EarringsCommemorate “brat summer” with these green hoops.
EditorsJul 26, 2024
Out & About: A Dispatch from the Nation’s Smallest StateEditor-in-Chief Michelle Graff returns from Rhode Island with thoughts about in-store shopping and a trends report.
Brought to you by
The End of an Era? Lab-Grown Diamonds' Journey Towards Price StabilityAs the demand for lab-grown diamond jewelry may still be increasing, the most notable change we are likely to see is price stabilization.
Supplier BulletinJul 25, 2024
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional EditionSponsored by Gemological Institute of America
Weekly QuizJul 25, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
TechnologyJul 25, 2024
Amazon, BBB Sue Website Allegedly Peddling Fake Reviews They claim ReviewServiceUSA.com was selling both positive and negative reviews of products and businesses.
SourcingJul 25, 2024
De Beers’ H1 Revenue Falls 21% in ‘Weak’ MarketLab-grown diamond sales in the United States and ongoing economic challenges in China are impacting natural diamond demand.
Brought to you by
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional EditionGIA®’s most advanced microscope has new features to optimize greater precision and comfort.
IndependentsJul 25, 2024
Store Designer Ruth Mellergaard DiesA longtime member of IJO, she’s remembered for her passion for design, learning, and environmentalism.
FinancialsJul 25, 2024
Boucheron, Pomellato Post Double-Digit Growth in Q2 The gains come amid a tough time for parent company Kering, which saw sales slide 11 percent in the first half of the year.
MajorsJul 25, 2024
Shane Co. Partners With Kids In Need Foundation to Donate 7,200 BackpacksThe fine jewelry retailer filled backpacks with back-to-school essentials for students in 13 states.
FinancialsJul 24, 2024
LVMH’s First-Half Jewelry, Watch Sales Dip 5%Tiffany & Co. is focusing on its “iconic” collections while the company has made changes at the top at TAG Heuer and Hublot.
MajorsJul 24, 2024
See Chaumet’s Paris Olympic Medals Inspired by its High JewelryThe Parisian brand is the first jewelry company in the history of the Olympic and Paralympic Games to design the medals.
MajorsJul 24, 2024
Jewelers Mutual Acquires Pawnbroker Insurance ProviderUnion Life & Casualty will join JM Insurance Agency Partners, expanding the provider’s pawnbroker coverage.
MajorsJul 24, 2024
Ben Bridge Announces 2024 Lonia Tate Scholarship WinnerLos Angeles-based Bradlei Smith was selected for this year’s award.
ColumnistsJul 23, 2024
Peter Smith: The Case for Optimism in Sales In his latest column, Smith shares multiple reasons why people who look at the glass as being hall full often make better salespeople.
SourcingJul 23, 2024
De Beers’ Production Drops 15% in Q2The company also reported the $150 million sale of an iron ore royalty right, part of its ongoing effort to divest “non-core” assets.
IndependentsJul 23, 2024
Long’s Jewelers Is Giving Away a Luxury Cape Cod VacationThe giveaway is part of the New England jeweler’s summer bridal event.
CollectionsJul 23, 2024
Guzema Debuts ‘Flower Power’ CampaignThe ad features three celebrity florists creating floral sculptures while wearing jewelry by Guzema.
Policies & IssuesJul 23, 2024
Diamonds Do Good Announces Its 2024 Entrepreneurship Grant WinnersThe grant provided a total of $100,000 to support 13 entrepreneurs from diamond communities in Africa and India.
CrimeJul 22, 2024
Florida Jeweler Shot, Killed Following Argument With CustomerGhazi Michel Osta, or “Gus,” was killed Friday by an 83-year-old man said to be a frequent customer at his store, Volusia Gold & Diamond.
Policies & IssuesJul 22, 2024
JVC’s Elyssa Jenkins-Pérez Joins RJCThe organization also announced Effie Marinos as its new specialist advisor for technical standards, as well as four other appointments.
SourcingJul 22, 2024
AWDC Names Karen Rentmeesters as CEORentmeesters has served as interim CEO since April following former CEO Ari Epstein’s resignation.
IndependentsJul 19, 2024
Longtime D.C. Jeweler Brian Mann Dies at 70Mann, whose family’s jewelry store was located inside the Pentagon, is remembered for being a thoughtful champion of the industry.
IndependentsJul 19, 2024
The 1916 Company Opens New Tudor BoutiqueThe 500-square-foot boutique is located in Denver’s Cherry Creek Shopping Center.
CollectionsJul 19, 2024
Piece of the Week: Messika’s ‘So Move Max’ NecklaceDance all night long with the “So Move Max” set’s necklace.
WatchesJul 18, 2024
TAG Heuer, Hublot Will Have New CEOs Luxury giant LVMH is reshuffling the leadership in its watches division.
