48-Carat Diamond Ring Fetches $4.2M at Auction

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A 46.51-ct. oval-cut diamond, flanked on either side by a pear-shaped diamond, weighing approximately 1 and 1.01 cts., (pictured above) fetched an impressive $4.2 million at Christie’s Important Jewels sale in New York. The E color, VVS2 diamond mounted on a platinum ring has a presale estimate of $2.5 to $3.5 million. The two pear shaped diamonds were graded as D color, VS1 and VS2 clarity, respectively.

Also commanding a powerful price was a 10-carat, D color, internally flawless pear-shaped diamond flanked on either side by a pear-shaped diamond, each weighing approximately 1.02 cts., mounted in platinum that sold for $1.3 million, well within its presale estimate. The two side diamonds are graded as D color and internally flawless.

The sale which featured exceptional diamonds and elegant signed jewelry at the international auction house’s Rockefeller Plaza headquarters took in a total of $11.7 million with 118 of the 125 lots sold (94 percent). The auction achieved 98 percent of its value by price.

Statement diamonds were by far the best sellers and include the following:

A pair of ear pendants, each suspending a cut-cornered modified square-cut fancy yellow diamond, weighing approximately 17.77 and 17.80 carats, from a baguette and trapeze-cut diamond link, to the circular-cut diamond French wire, mounted in platinum and gold that sold for $722,500.

A ring set with a 19.22 carat, potentially internally flawless, square emerald-cut fancy light yellow diamond, flanked on either side by a triangular-cut diamond, mounted in platinum that sold for $458,500 ($24,000 per carat), well above its presale estimate of $200,000 to $300,000.

A platinum ring featuring a 10.42-carat, square emerald-cut diamond with the shoulders set with circular-cut diamonds that sold for $458,500 ($41,000 per carat).

A ring signed by the Italian jewelry house, Sabbadini, set with a rectangular-cut diamond, weighing approximately 9.76 carats, with the shoulders set with modified hexagonal-cut diamonds, mounted in platinum. The ring sold for $434,500 ($45,000 per carat), well above its $200,000 to $300,000 estimate.