Tuesday 11th December 2012

6.54 Carat Fancy Intense Pink Diamond Sold for $8.6 Million

(IDEX Online News) – A platinum ring set with a 6.54-carat Fancy Intense pink Internally Flawless oval-cut diamond sold for $8.6 million at Sotheby’s New York City auction. The ring, purchased by Laurence Graff, was the top grossing item. Per carat it sold for $1,313,144.

Graff also purchased the second and third top grossing items. He bought a 52.73-carat emerald-cut VS1, fancy vivid yellow diamond from a private collection for $3.9 million ($73,781 p/c).

The third item was a 22.16-carat, Emerald-cut, D / VVS1 type IIa diamond flanked by two baguette diamonds for $3.44 million ($155,347 p/c).

The Emerald cut diamond is set in a platinum ring that Graff designed.

The jewels offered at the auction were from a number of estates. Those from the collections of Estée Lauder and her daughter Evelyn H. Lauder sold for $22.2 million, above their overall high estimate of $18 million.

Proceeds from the collections will benefit The Breast Cancer Research Foundation, founded by Evelyn Lauder in 1993.

All together, the December 5 auction totaled $64.8 million.

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