Wednesday 11 December 2013

52-Carat Golconda Diamond Fetches $10.9 Million

52-Carat Golconda Diamond Fetches $10.9 Million

Forbes- by Anthony DeMarco, 12/10/2013 @11:11PM-- The final jewelry auction of the year for Christie’s ended with the sale of a rare 52.58-carat, D-color, internally flawless Golconda diamond for $10.9 million.

Diamonds from the ancient Golconda mines in India are revered for their type, color, and degree of transparency that is rarely duplicated.

In addition, a collection of Leviev diamond jewelry under the heading “Property of an Elegant Lady” was sold for $10.2 million, led by a 26.72-carat D-color, internally flawless diamond that sold for $4.3 million.

The 495-lot Christie’s New York Magnificent Jewels auction on Wednesday realized more than $65.7, with 86 percent sold by lot and 92 percent by value. The results of the December Sale in combination with the results achieved by the New York jewelry auctions in April and October, brings the 2013 New York Magnificent Jewels total to nearly $193.9 million.

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