Auctions

Orangy pink diamond sells for $6M at Sotheby’s

AuctionsAug 09, 2016

Orangy pink diamond sells for $6M at Sotheby’s

A 15.23-carat fancy intense orangy pink diamond garnered $6.1 million at Sotheby’s Magnificent Jewels sale Tuesday in New York, coming in at the low end of its pre-sale estimate.


The fancy intense orangy pink diamond ring that topped Sotheby’s auction sold for $6.1 million, or $400,590 per carat, falling near the bottom of its pre-sale range.
New York--A 15.23-carat fancy intense orangy pink diamond garnered $6.1 million at Sotheby’s Magnificent Jewels sale Tuesday in New York, coming in at the low end of its pre-sale estimate.

Set in a platinum ring, the cushion-cut VS2 diamond is accented by 0.75 carats of round diamonds. The lot’s anticipated sale price was $6 million to $7 million.

The second highest-grossing lot of the sale was an exceptional Kashmir sapphire and diamond ring, which topped its pre-sale estimate when it sold for $5.1 million and set a world auction price per carat record for any sapphire at $180,731 per carat.

The ring boasts a 28.18-carat Kashmir sapphire framed by 32 tapered baguette diamonds and set in a platinum mounting made by Oscar Heyman & Brothers.

An emerald ring, featuring the 36.53-carat “El Dorado” emerald flanked by two triangle-shaped diamonds and set in 18-karat gold, sold for $2.2 million.

Also included in the sale’s top 10 lots was a platinum, emerald and diamond Cartier bracelet, a pair of diamond stud earrings weighing 10.03 carats total, a David Webb ring centered on a 14.26-carat diamond, and a Tiffany’s 12.71-carat Kashmir sapphire and diamond ring, among others.

Overall, Sotheby’s sale of Magnificent Jewels garnered $44.3 million, selling 82 percent by lot and 87 percent by value.

A complete list of results can be found on the Sotheby’s website.
Brecken Branstratoris the senior editor, gemstones at National Jeweler, covering sourcing, pricing and other developments in the colored stone sector.

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