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Blue Diamond Sells for $14M at Sotheby’s

Jewel fetches $2.8 million per carat in Hong Kong.
Oct 4, 2018 4:03 AM   By Rapaport News
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RAPAPORT... Sotheby’s brought in a total of HKD 315.2 million ($40.2 million) at its Hong Kong auction Wednesday 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.

Image: The Ai diamond. (Sotheby’s)
Tags: Ai diamond, Cartier, Harry Winston, Magnificent Jewels and Jadeite auction, Rapaport News, Sotheby’s, Sotheby’s Hong Kong, Van Cleef & Arpels, Wallace Chan
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