Thursday, May 26, 2011

48-Carat Diamond Ring May Fetch $3.5 Million at Auction

Two diamond rings will lead Christie’s Important Jewels sale to be held June 14 at the international auction house’s New York location.

The first is a ring set with a 46.51-ct. oval-cut diamond, flanked on either side by a pear-shaped diamond, weighing approximately 1 and 1.01 cts., mounted in platinum (pictured above). The oval cut diamond is graded as E color with VVS2 clarity. The two pear shaped diamonds have been graded as D color, VS1 and VS2 clarity, respectively. The presale estimate is $2.5 to $3.5 million.

The second ring being sold at Christie’s Rockefeller Plaza location is set with a pear-shaped diamond weighing 10-ct., flanked on either side by a pear-shaped diamond, each weighing approximately 1.02 cts., mounted in platinum. The pear-shaped diamond is graded as D color, internally flawless clarity and the two side diamonds are graded as D color and internally flawless. The presale estimate is $1.1 million to $1.5 million.

The auction of 125 lots will also feature a number of statement jewels from the top jewelry houses, including multiple pieces from Cartier and Tiffany. Among the items is a diamond, sapphire and emerald “Panther” ring by Cartier. Designed as a pavé-set diamond panther, the ring is set with cabochon sapphire spots, pear-shaped emerald eyes and a black enamel nose with a cushion-cut sapphire, mounted in platinum on the tip of the tail. Its estimate is $20,000 to $30,000.

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