Monday, November 1, 2010

Rare 14.23Ct Pink at Christie’s Hong Kong Jewelry Auction

Christie’s Hong Kong will offer at auction over 300 lots of gemstones and jadeite jewelry with a total estimated value of $55 million. Leading the sale is a 14.23-carat fancy intense pink VVS2 rectangular cut diamond ring estimated at $14-$19 million.

Calling it the Perfect Pink, Christie’s said that in over 244 years of auction history, it offered only 18 pure pink diamonds over 10 carats. None of them were graded fancy intense pink.

Last December, Christie’s Hong Kong sold a 5.00-carat cushion-cut fancy vivid pink potentially flawless diamond for $10,776,660, an average of $2,155,332 per carat. Christie’s estimate price for the 14.23-carat pink comes to $1-$1.34 million per carat. Considering the high prices such rare diamonds realize at Hong Kong auctions, the diamond may sell for more.

The November 29 auction will also feature a 12.02 carat fancy vivid internally flawless yellow oval cut diamond from Tiffany & Co. estimated between $1.25- $1.9 million.

Notable as well is a Nirav Modi necklace made entirely of Golconda diamonds, known for the quality in which light appears to pass through the diamonds unobstructed.

IDEX Online News

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