Blue diamond sells for $14M at Sotheby’s

| October 15th, 2018

Blue diamond sells for $14M at Sotheby’s
"Blue diamond sells for $14M at Sotheby’s"

Sotheby’s brought in a total of HKD 315.2 million ($40.2 million) at its Hong Kong auction Wednesday the 3th. as a 5-carat blue diamond fetched $13.8 million.

The price of the step-cut, fancy-vivid blue, named the Ai diamond, after the Chinese word for love, fell within its estimate of $12.5 million to $15.3 million. The final selling price translated to $2.8 million per carat.

Another blue diamond — a pear-shaped, fancy-intense blue weighing 3.47 carats — sold for $3.1 million at the Magnificent Jewels and Jadeite auction against a pre-sale estimate of $2.7 million to $3.6 million. A step-cut, 18.45-carat, D-color, VVS2-clarity diamond ring fetched $2.3 million, smashing its estimate of $1.3 million to $1.7 million.

However, only one piece out of a collection of jewels by designer Wallace Chan found a buyer: a pair of jade and diamond earrings, estimated at $70,160 to $108,430, which went for $87,700.

Several jewels by Harry Winston, Van Cleef & Arpels and Cartier also sold at the auction.

Sotheby’s sold 65% of all lots on offer, it said.

Source Rapaport

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