One of the finest Vivid Pink diamonds to ever appear for sale at auction brought in more than twice its low-end pre-sale estimate at Christie’s annual fall jewelry sale Dec. 1, 2009, in Hong Kong.
The 5-carat, cushion-cut diamond, which is set in an 18-karat platinum rose-gold ring by Graff and flanked on each side by a shield-shaped diamond, is the largest fancy vivid pink potentially flawless diamond to ever be offered for sale at auction, according to a news release issued by Christie’s. The pre-auction estimate was $5 million to $7.05 million (U.S. dollars); the price realized was $10,828,889, including the buyer’s premium.
While the majority of natural pink diamonds exhibit a color modifier like purple, orange or gray, “The Vivid Pink” shows no trace of a secondary color, making it exceedingly rare both commercially and naturally, the news release said. The stone has been determined to be a type IIa pink diamond, which is very rare in nature and has few inclusions. The color in pink diamonds can be caused by impurities as well as the diamond’s exposure to heat and pressure, according to the Christie’s Web site.
The pink diamond was one of 255 featured lots valued in excess of $33 million from makers including Bulgari, Cartier, Graff, Van Cleef & Arpels, Tiffany and Harry Winston. Not all 255 lots sold; the sales total was $48,001,800. Click here to check out all of the results.
Results for other featured pieces in this auction include:
An oval-shaped, 9.03 carat fancy vivid yellow diamond set in a ring by Graff sold for $1,537,365, outstripping the pre-auction estimate of $900,000 to $1.2 million.
A pendant necklace featuring a 25.04-carat, pear-shaped Burmese sapphire with a brilliant-cut diamond surround sold for $827,009. The pendant is joined to the neckchain set with brilliant-cut diamonds alternating with circular-cut sapphires and mounted in platinum. The richly colored sapphire has been spared thermal treatment, a key factor for collectors today, according to the Christie’s Web site. Such a combination of characteristics is rare in natural Burmese sapphires of this size, making this stone among the top sale highlights. The pre-auction estimate was $622,201 to $842,564.
An Art Deco ruby and diamond bracelet by Cartier sold for $780,344. The pre-auction estimate was $625,000 to $1 million. The bracelet features a sleek and simple geometric design. It displays 24 untreated Burmese rubies (total carat weight of 38.06 carats), which are favored by collectors for their “pigeon’s blood” red hue, the auction catalog said. The bracelet was created in 1938. The stylized geometric style illustrated in this bracelet was mostly the work of the designer Frederick Pew who collaborated closely with Jacques Cartier.
A diamond pendant necklace sold for $1,609,945, more than the pre-sale estimate of $842,564 to $1,101,814. The necklace features an 11-carat pear-shaped diamond joined to a marquise-cut, 1.34-carat diamond spacer and a heart-shaped diamond surmount weighing 3.51 diamonds, alternated by rectangular-shaped fancy intense pink diamonds, each within a brilliant-cut diamond quatrefoil.
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