‘Bling’ in December

One
of the finest Vivid Pink diamonds to ever appear for sale at auction will hit
the block Dec. 1, 2009, at Christie’s annual fall jewelry sale.

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 is $5 million to $7.05 million (U.S. dollars) at auction. PRICE REALIZED: $10,828,889. (All prices realized include 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
diamond is one of 255 lots valued in excess of $33 million from makers
including Bulgari, Cartier, Graff, Van Cleef & Arpels, Tiffany and Harry
Winston. Jadeite jewels also will be featured. Click here to check out the full
online auction catalog.

Other
featured pieces in this auction include:

• An
oval-shaped, 9.03 carat fancy vivid yellow diamond set in a ring by Graff.
Although yellow diamonds are more common than other colored-diamonds, this
high-clarity stone has a very intense color, which is due to aggregated
nitrogen. The stone it is flanked on either side by a pear-shaped diamond. The
pre-auction estimate is $900,000 to $1.2 million. PRICE REALIZED: $1,537,355.

• A 16.65-carat cushion-shaped
Kashmir sapphire ring by Van Cleef & Arpels. The pre-auction estimate is
$700,000 to $1 million. The stone is the desirable and distinctive “cornflower”
blue color. It is mounted in an 18-karat white-gold ring and features
brilliant-cut diamond openwork gallery and half-hoop. The gem appears it has
not had any thermal enhancement. PRICE REALIZED: $2,408,436.


A pair of 8.52 and 8.39-carat pear-shaped fancy yellow internally flawless
diamond ear pendants. Pre-auction estimate is $400,000 to $600,000. PRICE REALIZED: $562,573.


A pendant necklace featuring a 25.04-carat, pear-shaped Burmese sapphire with a
brilliant-cut diamond surround. 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
is $600,000 to $800,000. PRICE REALIZED: $827,009.

• An
emerald and diamond necklace from Bulgaris Perentisi collection. Circular-cut
emeralds are set upon a geometric motif, pave-set diamond plaque. The pendant
is joined to a similarly set spacer and length-adjustable neckchain mounted in
18-karat white gold. Only two of these necklaces were ever produced by Bulgari,
according to the catalog. The pre-auction estimate is $80,000 to $120,000. PRICE REALIZED: $282,583.

• An Art
Deco ruby and diamond bracelet by Cartier. 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. The
pre-auction estimate is $625,000 to $1 million. PRICE REALIZED: $780,344.

• A pair of diamond and natural pearl
ear pendants from Chaumet featuring a natural pear drop joined to a floral
motif surmount set with a brilliant-cut diamond pistil within collet-set,
pear-shaped diamond petals mounted in platinum. The pre-auction estimate is
$230,000 to $350,000. PRICE REALIZED: $298,138.

• A multicolored graduated
natural pearl necklace. The necklace is composed of 79 multicolored graduated
natural pearls measuring from 4.0 to 9.9 mm each. The pearls are joined to the
navette-shaped onyx clasp accented by a marquise-cut diamond and mounted in
platinum. The pre-auction estimate $150,000 to $230,000. PRICE REALIZED: $173,698.

• A pair of natural pearl and diamond
ear clips by Cartier. The pre-auction estimate is $160,000 to $230,000. PRICE REALIZED: $235,918.

Several jadeite
forms also are part of the auction. However, items that contain rubies or
jadeite originating in Burma may not be imported into the U.S. They include:

• A
carved jadeite Guanyin (pre-auction estimate $1 million to $1.5 million). Unsold.

• A
carved jadeite Metteyva Buddha, also referred to as the Laughing Buddha or
Buddha with a Big Belly (pre-auction estimate $750,000 to $1 million. Unsold.

• A
rare jadeite bi and diamond pendant necklace (pre-auction estimate $565,000 to
$800,000.) PRICE REALIZED: $702,569.

• A
pair of jadeite and diamond ear pendants (pre-auction estimate $150,000 to $230,000.) PRICE REALIZED: $189,253.

• A
pair of three-colored jadeite bangles (pre-auction estimate  $230,000 to $350,000.) PRICE REALIZED: $282,583.

— Susan Sliwicki

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