RapNet


Rapaport News

 

Retail

 
Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

3.50ct. Blue Diamond Sets Record at Sotheby’s

Piece sells for highest price per carat for stone in its category.
Apr 22, 2018 6:17 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Sotheby’s garnered $34 million across three sales that made up its New York spring auctions, with a rare fancy intense blue diamond ring standing out as the highlight of the event. The combined auctions were 83.3% sold by lot.

The cut-cornered, rectangular, step-cut 3.47-carat stone (pictured) set a price-per-carat world record for a blue diamond, selling for $1.9 million per carat at the Magnificent Jewels Auction, Sotheby’s said Friday. The $6.7 million final price nearly tripled Sotheby’s pre-sale estimate of between $2 million and $2.5 million.

Other top sellers were a 72.96-carat diamond bracelet, which sold for $1.4 million, and a 13.70-carat Tiffany & Co. diamond ring, which yielded $1.2 million, beating its estimate of $600,000 to $800,000. Among the lots that failed to sell were a 7.01-carat fancy intense pink diamond ring, estimated at $4.2 million to $5.2 million, and a 7.37-carat emerald-cut fancy intense orangey-pink diamond ring, evaluated at $3 million to $5 million.  The magnificent Jewels sale totaled $26.2 million.

Sotheby’s also brought in a total of $2.8 million at the Jeweler’s Eye auction of Fred Leighton’s personal collection, which included his jewelry, furniture and accessories. The event saw $1.6 million in jewelry sales, which featured emerald and ruby pieces.

The Fine Jewels sale totaled $5.8 million, and included a 52.89-carat sapphire and diamond ring by Cartier that fetched $6.2 million, the highest price ever achieved at a Sotheby’s New York Fine Jewels sale, the auction house said. 

“It’s very encouraging to see the response to jewelry offered across all price points, which attracted a broad international group of buyers,” said Kendall Reed, head of Sotheby’s fine jewels in New York.
Tags: auction, Cartier, Fine jewels, Fred Leighton, Jeweler’s Eye, Kendall Reed, Magnificent Jewels auction, Rapaport News, Sotheby’s, Sotheby’s New York, Tiffany & CO.
Similar Articles
Chow Tai FookVirus Plagues Chow Tai Fook Operations
Feb 12, 2020
Chow Tai Fook will temporarily suspend operations at more than...
Pandora Predicts Slowdown Amid China Weakness
Strong Holiday Sales Buoy Titan
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us