Christie's 39-carat 'Star' shoots off at $5.4M

The pear-shaped, D color "Evening Star" diamond weighs in at 39 carats and is from India's ancient Golconda mines. An anonymous buyer paid $5.4 million for the stone at Christie's on Thursday.

New York--A 39-carat, D color diamond from India's famed Golconda mines called the "Evening Star" fetched $5.4 million at Christie's, the latest in a line of remarkable diamonds to dazzle at auction. According to a press release from the auction house, an anonymous buyer snapped up the stone, paying $138,000 per carat for the diamond dubbed the "Evening Star" because its previous owner liked to wear it out at night.

It was part of Christie's "Magnificent Jewels from a Distinguished Private Collector" sale, held Thursday in New York.The sale of the "Evening Star" comes on the heels of the record-setting $10.8 million sale of "The Vivid Pink" diamond Dec. 1 in Hong Kong and the $7.7 million sale of the 32.01-carat D-flawless Annenberg Diamond in October."The diamond market continues to show remarkable strength despite the volatility of the financial world," Rahul Kadakia, head of jewelry at Christie's New York, said in the release. "Just two weeks after a very strong sale of jewels at Christie's Hong Kong--where a 5-carat pink diamond went for $10.8 million--the exceptional Evening Star Golconda diamond of 39 carats sold at Christie's New York for $5.4 million.

It was a fitting grand finale to a year that saw over $100 million in jewels change hands under our gavels in the U.S." The combined total for Christie's "New York Jewels" and the "Magnificent Jewels" sales was $25.18 million, with 85 percent of the goods sold by lot and 97 percent sold by value, according to the release.Other notable lots include a modified rectangular-cut fancy intense blue VS1 diamond of 7.02 carats, which went for $3.89 million to an anonymous buyer, and a 36.78-carat, D color internally flawless diamond, purchased by a member of the U.S. trade for $3.39 million.

In addition, a pair of D-VVS pear-shaped diamonds of 10.21 and 10.51 carats garnered nearly $2.1 million, while a modified cushion-cut fancy intense yellow diamond of 40.92 carats was auctioned off for $1.11 million.

Source: National Jeweler

Bubblegum-colored diamond pops records

December 02, 2009

The $10.78 million sale of "The Vivid Pink," a 5-carat cushion-cut fancy vivid-pink diamond, broke two records in the auction world: price paid for a pink diamond and per-carat price paid for any diamond at auction.


Hong Kong--A dazzling, 5-carat pink diamond dubbed "The Vivid Pink"--the largest pink diamond ever offered at auction--sold for $10.78 million at Christie's Hong Kong on Tuesday, setting a new world-record price for a pink diamond sold at auction.A private Asian buyer snapped up the cushion-cut, potentially flawless, Type IIa fancy vivid stone, paying $2.1 million per carat, a new per-carat record price for a diamond sold at auction, according to a news release from Christie's.

"The Vivid Pink was the glittering star of Christie's Hong Kong, where record prices were achieved across all categories throughout the week," Vickie Sek, director of the Jewellery and Jadeite Department at Christie's Asia, said in the release. "$2.1 million per carat is by far the highest price per carat achieved for any diamond worldwide and, at $10.8 million, The Vivid Pink is the most expensive jewel sold at auction in 2009.

The saleroom showed immense depth at all levels, with sensational results realized all through the day. Eight out of the ten most expensive jewels were acquired by discerning Asian private collectors, confirming once again Hong Kong's position as a major market for the finest gemstones."Overall, Christie's fall 2009 Magnificent Jewels sale in Hong Kong garnered $48 million, with 89 percent sold by lot and 92 percent sold by value.According to the release, other sales included a 16.09-carat circular-cut diamond with D color and flawless clarity, purchased by a private Asian buyer for $2.9 million.

A cushion-shaped Kashmir sapphire of 16.65 carats sold for $2.4 million, or $144,000 per carat, setting a new world-record price per carat for a sapphire sold at auction.A European private buyer paid $1.6 million for an 11-carat pear-shaped diamond pendant.A private Asian buyer paid $1.53 million for a 9.03-carat fancy vivid-yellow diamond with an oval shape and VVS1 clarity, while a 3.02-carat fancy intense-blue diamond with a rectangular cut and VSI clarity, garnered $1.16 million.

Source: National Jeweler

'Bonhams to auction five-pound 'Princess' pearl'

Jewelry Auctions
'Bonhams to auction five-pound 'Princess' pearl';

Bonhams to auction five-pound 'Princess' pearl

November 25, 2009

The "Palawan Princess," a five-pound, 11,339-carat blister pearl found off the coast of the Philippines, valued at between $300,000 and $400,000 will be for sale at Bonhams and Butterfields' Dec. 6 auction.


Los Angeles--Bonhams and Butterfields will auction off what is believed to be the world's second-largest documented pearl, a five-pound gem found off the coast of the Philippines that has been dubbed the "Palawan Princess."The natural non-nacreous pearl was found in saltwater near the Philippines' Palawan island and "bears an uncanny resemblance to a human brain," the auction house said.

Both rare and immense, the gem is thought to be surpassed in size only by the 14-pound "Pearl of Allah," an approximately 14-pound, 31,893.5-carat pearl that, like the Palawan Princess, was the product of the giant clam shell Tridacna gigas and was also found off the coastal waters of the Philippines.The approximately 11,339-carat Palawan Princess is a blister pearl measuring six inches in diameter and accompanied by the lower half of its original giant clam shell, which shows the point of attachment where the pearl formed.

The pearl, which will be on the auction block at Bonhams and Butterfields' Dec. 6 holiday auction of Natural History in Los Angeles, is valued at $300,000 and $400,000. "This is an once-in-a-lifetime look at one of nature's most unique treasures," said Mitch Jacubovic, director of EGL USA, one of the labs that was asked to examine the pearl, in a media release. "A pearl this size is not only one of the largest ones we've ever seen, it is among the largest pearls ever seen anywhere