Fuchsia Rose Diamond sells for nearly $7M


The Fuchsia Rose diamond surpassed its presale estimate at Christie’s New York on Wednesday [April13], achieving just under $7 million in the Magnificent Jewels auction.

The 8.82-carat, fancy-intense-purple-pink, potentially internally flawless diamond ring garnered $6.8 million, comfortably beating its $4 million to $6 million estimate, bringing in just under $770,000 per carat and underscoring the strong demand for high-value jewelry at auction.

The sale achieved a total of $25.1 million, with 96% of lots selling, Christie’s reported.

All of the top 10 lots either beat or were in line with their presale estimates. This included a round, 51.28-carat, I-color, SI1-clarity diamond on a ring that went for $1.6 million, or $31,600 per carat. A ring with a 2.44-carat, fancy-intense-pink, VVS1 diamond also garnered $1.6 million ($664,000 per carat).

A number of signed jewelry pieces featured in the top 10 list at the Christie’s sale. These included a Bulgari ring with an emerald-cut, 9.56-carat, D, VVS2 diamond, which achieved $630,000, and a Cartier Art Deco ruby and diamond bracelet that brought in $529,200.

Earlier, Christie’s announced that it would present the Red Cross diamond at its Magnificent Jewels sale in Geneva on May 11.

The cushion-shaped, 205.07-carat, fancy-intense-yellow diamond was fashioned from a 375-carat rough stone found at a De Beers mine in South Africa in 1901. Part of the auction revenue will go to the International Committee of the Red Cross, Christie’s said.

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Source Rapaport

Photos © Christie’s.