116ct. diamond fetches $6M at Christie’s


A necklace featuring a 115.83-carat diamond was the top seller at Christie’s in New York on Wednesday July 29, bringing in $6.3 million at the live Magnificent Jewels auction.

The pear brilliant-cut, F-color, VVS1-clarity diamond hangs from a chain of 31 pear brilliant and pear modified brilliant-cut diamonds ranging from 0.97 to 5.50 carats. The price achieved was within estimates. Total sales at the auction came to $28.1 million, with 83% of lots sold.

A pear modified brilliant-cut, fancy-intense-blue, internally flawless, type IIb diamond weighing 7.16 carats also did well, going for $3.9 million, or $538,408 per carat, just over its low estimate.

Other notable pieces include a pear brilliant-cut, 25.22-carat, D-color, type IIa diamond ring. The stone, which has VVS2 clarity, but is potentially internally flawless, fetched $2.1 million, or $81,483 per carat, in the middle of its presale valuation. A heart modified, brilliant-cut, 15.20-carat, D-color, internally flawless diamond ring fetched $915,000, toward the upper end of its estimate.

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Source Rapaport