Friday 20th April 2012

Sotheby's Offers More Fancy Colored Diamonds

(IDEX Online News) A fancy vivid yellow 23.02 carats cushion-shaped step-cut diamond was one of the top items at Sotheby's Magnificent Jewels auction in New York this week. The diamond, estimated at $1.5-$2 millions, fetched a little over $1,8 million.

The $65,161-$86,881 per carat diamond joined a few other fancy color diamonds offered at the auction.

One such item was a fancy pink cut-cornered rectangular modified brilliant-cut diamond weighing 6.03 carats set in a platinum ring, framed by small round near colorless diamonds. Sotheby's estimates the item at about $1 million. Another was a 9-carat fancy vivid purplish pink diamond from the estate of Huguette M. Clark, that sold for more than $15.7 million, breaking all records of auctions in the US.

"Fresh-to-the-market" signed jewels from prominent estate collections, according to Sotheby's, distinguish this New York spring sale.

"From Dallas philanthropist Nancy B. Hamon to Valerie Pascal Delacorte, benefactor of the Norton Museum of Art, the collections offered in the April sale reflect the style and taste of accomplished women who loved to wear their jewelry."

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