Wednesday, May 25, 2011

New record at Christie's with 56-carat heart-shaped diamond

A 56-carat heart-shaped diamond which sold for more than $10 million has become the most expensive heart-shaped diamond ever sold at auction by Christie's in Switzerland.

The heart-shaped D colour, internally flawless, type IIa diamond weighing 56.15 carats sold for $10,946,422, becoming a world auction record for any heart-shaped diamond.

The previous record for a heart-shaped diamond was held by the Heart of the Desert diamond, a heart-shaped D, internally flawless, diamond weighing 64.42 carats, sold in November 1994 at Sotheby’s Geneva for $5,248,846.

Meanwhile, a cushion-cut Burmese sapphire of 130.50 carats sold for $7,122,742, achieving a new world record price for a sapphire at auction. The previous record for a sapphire was a cushion-cut Kashmir sapphire ring of 42.48 carats sold in November 2008 at Christie's Geneva for $3,475,210.

The third-highest selling item was a rectangular-cut fancy intense blue, IF diamond of 6.60 carats, which sold for $5,465,814, or $828,000 per carat.

The sale of magnificent jewels in Geneva achieved a total of more than $78 million, the highest result for any jewellery auction ever held by the auctioneer.

François Curiel, President of Christie's Switzerland, said: “The jewellery sale in Geneva was marked by strong bidding with moments of passionate enthusiasm, exemplified by an antique Imperial Mughal spinel necklace realising more than $5 million. While the ‘blue chip’ diamonds and coloured diamonds were in great demand, a 130-carat Burmese sapphire stole the show at $7.1 million. Forty-two years after our first sale in Switzerland, Geneva remains a vital, specialised auction centre in today’s global market.”

Source: Facets

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