Three Rectangular Cut Diamonds Lead Christie's New York Sale

IDEX Online News, October 16, '13, 12:09 Albert Robinson – An 8.77-carat, VVS1, rectangularR08;cut fancy intense pink diamond ring bought for $6,325,000 was the top-selling item at Christie's New York sale of magnificent jewels.

The sale, 75 percent sold by lot, generated $46,675,125, substantially higher than the presale estimate of $40 million.

Three rectangular cut diamonds achieved the highest prices in addition to the top-selling item. A 3.81-carat, VS1, fancy vivid blue, rectangular-cut diamond ring was bought for $3,973,000 compared with the top end of its presale estimate of $3.5 million.

The third rectangularR08;cut stone, a 25.30-carat, D, VVS1 diamond, set with a tapered baguette-cut diamond on either side of it and mounted in platinum. It sold for $3,133,000.

Following the top three selling stones, an 18.28-carat, D, VVS2, cushion-cut diamond ring sold for $2,045,000, while a 15.88-carat cushion-cut Kashmir sapphire and diamond ring was bought for $1,805,000.

Rahul Kadakia, the head of jewelry for Christie’s Americas & Switzerland, said, “We look forward to our week of sales at Christie’s Geneva, where we will offer 'The Orange,' the largest fancy vivid orange diamond in the world.''