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Blue Diamond Tops Christie’s New York

3.09-carat stone sells for $5.4 million at auction.
Apr 24, 2018 5:43 AM   By Rapaport News
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RAPAPORT... A 3.09-carat blue diamond smashed its pre-sale estimate at Christie’s Magnificent Jewels auction in New York last week.

The rectangular-cut, fancy intense blue diamond ring, surrounded by tapered baguette-cut diamonds on either side, sold for $5.4 million. Its original estimate was $2 million to $3 million. A similar 3.47-carat ring sold at Sotheby’s New York Magnificent Jewels auction the previous week, garnering $6.7 million, well above the $2 million to $2.5 million original estimated price.

Other top lots at the Christie’s sale included an 8.42-carat, rare fancy intense pink, potentially internally flawless diamond ring, which sold for $5 million. A Cartier twin-stone ring, featuring a 2.42-carat, fancy vivid blue diamond and a 2.85-carat, fancy intense pink stone, fetched $4.5 million, and a similar twin-stone ring with a white, D-color stone and a fancy vivid blue diamond went for $3.5 million.

Signed period and modern jewels by Boucheron, Cartier, David Webb, and Van Cleef & Arpels were also popular, and an oval-cut, 22.76-carat diamond “thread” ring from designer JAR sold for $2.8 million.

Overall, 88% of lots sold for a total of $45.7 million. Christie’s next auction is the Geneva Magnificent Jewels auction, which will take place on May 16.
Tags: auction, Blue diamond, boucheron, Cartier, Christie’s, Christie’s Magnificent Jewels, David Webb, Geneva Magnificent Jewels, JAR, new york, Rapaport News, Sotheby’s, Van Cleef & Arpels
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