Tuesday 08 March 2011

10.09 ct Fancy Vivid Purple-Pink Diamond Goes on Auction

10.09 ct Fancy Vivid Purple-Pink Diamond Goes on Auction

Christie's expects the 10.09 ct fancy vivid 
purple-pink diamond to sell for more than 
$1.2 million p/c

Another unusual diamond is set to capture global attention with its color, size and price. Christie's will auction a 10.09 cushion cut fancy vivid purplish-pink diamond at the April 12 Magnificent Jewels sale in New York. The auction house has estimated the diamond at $12-15 million.

 In the recent past, fancy color and large diamonds broke a string of price records. Four pink diamonds have fetched more than $1 million p/c at Christie's auctions, among them a vivid pink, 5-carat cushion-cut diamond that sold for more than $2.1 million p/c at Christie's Hong Kong in December 2009. 


 “Collector demand for large colored diamonds has never been stronger, especially where pink diamonds of this size and quality are concerned,” said Rahul Kadakia, Head of Jewelry at Christie's New York.


 “At Christie’s New York this past December, jewelry collectors competed for a 6.89 carat Fancy Vivid purplish-pink diamond, which ultimately sold for $6.9 million or $1 million per carat. This larger stone, with its richer, deeper hue of pink and electrifying purple tone is positioned to become one of this season’s top-selling diamonds,” Kadakia added.


 The auction house did not disclose who the seller is, though it is believed to be a diamond company.