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Christie’s has been able to give us quite a year for fancy color diamond news. In May 2014, it sold the largest Flawless Blue diamond, the 13.22 carat diamond now renamed the Winston Blue. They also broke the jewelry world auction record when they made over $150 million in sales, they broke the world record price for a red diamond in HK in November, and now last but not least they are giving us the last Magnificent Jewels show in NY. Will they break any more records? Nothing in the auction lists stands out as phenomenal, but as we all know, anything is possible!
We have quite a few items to focus on, including two stones that are from past Argyle tender events – one recent (from 2013), and one from the not too far past, 2003.
This time I will also be presenting the stones in the order of estimation of price by Christie’s.
The star of the evening for us is a rare 21.30 carat Fancy Light Pink diamond of exceptional quality and color as it is a Golconda Type IIa diamond with VS1 clarity. It is estimated to sell at a price between $4 million and $6 million. Since the price spread is quite significant, I am sure we will see quite the bidding war here.
My next choice is pure art in jewelry form. Various color diamonds are combined to create a masterpiece, while allowing quite the display of value creation. This collection is valued at between $3.5 million – $5 million.
A total of over 100 carats in these earrings, this pair features a 52.88 carats VS1 diamond and a 51.46 carats VS2 diamond, both pear shaped and both Fancy Light Yellow. Large enough to get attention yet a subtle color, they are valued between $2.5 million and $3.5 million.
This item may or may not break a record, but will surely grab attention. This 1.42 carat Fancy Red is a previous Argyle tender stone. Lot #11 from the 2013 tender, it used to be a 1.66 carat Fancy Deep Pink, but it was re-polished to realize the potential of the stone. This practice is common when there is recognizable potential there, but only a handful of experts globally can do it properly. This stone is valued between $1.5 million and $2.5 million. In order to break the world record, this stone would have to sell for $3.47 million total or more. We shall see!
Up to now I have concentrated on both Fancy Intense and Fancy Vivid Blue diamonds. It seems that I may need to add Fancy Blue to my research as we see great importance given to this depth of color as it is also quite rare. This stone, a rarely seen weight of 5.70 carats and VS1 quality, is valued between $1.5 million and $2.5 million.
I like this diamond. Other than the certificate, where else do we see a brown tint here? A great looking Fancy Brownish Pink diamond weighing in at 14.28 carats, this diamond is special also due to its IF clarity. A real value can be shared here. Estimated between $1 million and $2 million, it may actually surprise us.
Every auction must have some special Fancy Intense or Fancy Vivid Yellow diamond, and this one is no exception. Coming in at 25.16 carat Fancy Intense Yellow with a VS1 clarity, this one is expected to be sold for anywhere between $500k and $700k.
Lots 198, 199, 200, and 201 had to be displayed as a group – it was just stunning the way they are displayed together. Lot 198 is a 0.73 carats Fancy Blue diamond valued at $90k – $120k. Lot 199 is a 0.51 carat Fancy Vivid Pink with 2 flattering Fancy Blue diamonds coming in at 0.28 and 0.27 carats on the shoulders and valued at a total of $140k – $200k. Lot 200 is a 4.06 carat Fancy Grey Green valued at $100k – $150k. Finally, Lot 201 is a special one – a 0.76 carat Fancy Deep Pink, Argyle tender stone #18 from the 2003 tender and valued at $100k – $150k.
by Yaniv Marcus
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