Friday, May 15, 2009

7.03ct Blue Diamond Sells for More Than $1M per Carat

Sotheby’s sale of a 7.03-carat, fancy vivid blue, flawless cushion-shaped diamond fetched almost $9.5 million, or $1,349,752 per carat in Geneva. The winning bidder wished to remain anonymous. Sotheby's noted that this blue diamond beat out the previous most expensive fancy vivid blue diamond sold at auction, and that the sale was a world record for the sale of any diamond at auction in terms of value per carat. Sotheby's total sale of magnificent jewels in Geneva was $35,762,327 and was 76.9 percent sold by lot.

www.dillonpearl.com

Monday, May 4, 2009

Christie's Dubai Jewels Sale Tops $4M

Jewelry belonging to Umm Kulthum, a legendary Egyptian singer, sold for $118,000 at a Christie's auction in Dubai on Tuesday night. The entire sale reached just over $4 million, with 76 percent sold by lot. The highlight of the sale was a kite-shaped, 5.01-carat, D, internally flawless diamond pendant, which sold for $194,500 to a Middle Eastern private collector. The number of Middle Eastern buyers at Christie's auctions globally has risen 400 percent since 2004.

www.dillonpearl.com