Wednesday 10 December 2014

One of the Largest Red Diamonds Ever Offered at Auction

One of the Largest Red Diamonds Ever Offered at Auction

New York, 10 December 2014 – It's the 3rd largest red diamond ever offered at auction. This rare, oval-cut color diamond of 1.42 carats from Australia's Argyle Diamond Mine is expected to fetch $1.5-2.5m today in New York.


Heading into the holiday season, Christie’s New York will offer over 300 lots in their Magnificent Jewels auction today at its flagship Rockefeller Center saleroom. From rare and important colored diamonds, superb gemstones, natural pearls, signed and period jewels, the auction features elegant creations from famed jewelry houses such as Boivin, Boucheron, BVLGARI, Cartier, Fouquet, Graff, JAR, Tiffany & Co., Van Cleef & Arpels, and Harry Winston to name a few. The two-session auction includes prices ranging from $1,000 to $10,000,000 and is expected to realize in excess of $55 million.

Colored and Colorless Diamond Highlights

The December auction marks another exciting finale for the diamond market with no less than 16 D-color diamonds on offer. This selection is anchored by a pear-shaped 89.23-carat D-color diamond graded by the Gemological Institute of America as a Type IIa diamond, known as the most chemically pure type of diamond with exceptional transparency. Additional top diamonds include:

- A pear-shaped K-color diamond ring of 74.89 carats, by Van Cleef & Arpels. Estimate: $2,200,000 – 3,200,000.

- A rare oval-cut fancy red diamond of 1.42-carats. With origin from the Argyle Diamond mine in Australia, it is the third largest fancy red diamond ever offered at auction. Estimate: $1,500,000 – 2,500,000.

- An oval-cut D-color potentially internally flawless diamond of 32.32-carats, by Bvlgari. Estimate: 3,500,000 – 5,00,000.

- A pair of pear-shaped fancy light yellow diamond ear pendants of 52.88 and 51.46 carats. Estimate: $2,500,000 – 3,500,000.

- A rectangular-cut fancy blue diamond of 5.70-carats. Estimate: $1,500,000 – 2,500,000.

A Fancy Light Pink Golconda Diamond of 21.30-carats

Christie’s is will also offer a fancy light pink Golconda diamond of 21.30-carats (estimate: $4,000,000 – 6,000,000), which displays an antique cutting style as well as superior quality in purity of color and transparency.

More from Christie's press release here.