118.28 carat diamond sold by Sotheby’s in Hong Kong (Reuters).
The Fall 2013 major jewelry auction season opened yesterday with the Magnificent Jewels and Jadeite sale by Sotheby’s in Hong Kong. The main highlight of the $95 million total sale was the white 118.28-carat internally flawless D-color diamond that set a world auction record for price of a white diamond at $30.06 million. It was the largest white diamond ever offered at auction. What was expected to be another auction highlight did not turn out so well, as the 7.59-carat vivid-blue round diamond known as the ‘Premier Blue’ failed to sell. Other top lots included a double strand of jade beads that sold for $5.5 million and a ruby ring by Cindy Chao that sold for $3.8 million.
‘Premier Blue’ diamond.
Jade double-strand necklace.
Cindy Chao Ruby Ring
Following up this sale is a Magnificent Jewels auction in Geneva on November 13, where a pink diamond is expected to set a new record. The ‘Pink Star’ is a 59.60-carat internally flawless, vivid-pink diamond (the highest color-rating for pink) that is already being called the world’s most valuable gemstone. Keeping in mind that the current auction record for any stone is held by the Graff Pink, which is less than half the size at 24.78 carats and was sold in 2010 for $46.2 million by Sotheby’s in Geneva, it is very likely that a new record will be set with this truly one-of-a-kind gem. See a video about the stone here. Another interesting piece hitting the block is the famous ‘Walska Briolette Diamond’ brooch by Van Cleef & Arpels, which features a vivid-yellow 96.62-carat briolette diamond that once belonged to opera singer Ganna Walska. The brooch can be disassembled, with the diamond becoming a pendant, the wings separating as earrings and the tail as another brooch. It is expected to fetch around $8 million.
Also on the calendar is another Magnificent Jewels sale in New York on December 11.
The 59.60-carat Pink Star Diamond Ring (REUTERS/Ruben Sprich)
Van Cleef & Arpels Walska Briolette Diamond Brooch.
Meanwhile at Christie’s there are a number of interesting pieces going up for auction this fall. In New York on October 15 will be the Magnificent Jewels auction, which will have a number of very high value colored diamonds, a Van Cleef & Arpels brooch of the Argentine flag that once belonged to Eva Perón, and pieces from the collections of Newport grand dame Mrs. Noreen Stonor Drexel and San Francisco society queen Diana Dollar Knowles.
While never officially confirmed, the nearly 20-ctw Lorraine Schwartz diamond ring being offered as Lot 194 is heavily rumored to be Kim Kardashian’s engagement ring from short-term husband Kris Humphries. The uncanny resemblance and matching description of the ring certainly makes it a compelling case. Kardashian is no Elizabeth Taylor, but the celebrity caché will likely lift the selling price over the $300,000-$500,000 estimate.
Following New York are sales in Geneva (November 12) and Hong Kong (November 26).
Van Cleef & Arpels Brooch once the property of Eva Perón (Lot 392).
David Webb Earrings from the Estate of Mrs. Noreen Stonor Drexel (Lot 363).
David Webb Bangle from the Estate of Mrs. Noreen Stonor Drexel (Lot 373)
David Webb Brooch from the Estate of Mrs. Noreen Stonor Drexel (Lot 358).
Ruby and diamond necklace from the Estate of Diana Dollar Knowles (Lot 44).
Boucheron necklace from the Estate of Diana Dollar Knowles (Lot 32).
Lorraine Schwartz diamond ring (Lot 194).
Kim Kardashian wearing her Lorraine Schwartz engagement ring.
Bonhams joins in on October 17 in New York with a fine jewelry sale featuring a light pink 8.06 carat pear-shaped diamond, a large selection of Jean Schlumberger pieces (most made for Tiffany & Co.), and items from the estate of Margaret Nielsen Stiegele, daughter of the creator of the Nielsen television rating system. Highlights from the Stiegele collection are a William Goldberg diamond bracelet, a circa 1935 emerald and diamond bracelet by Cartier, and an emerald and diamond brooch by Van Cleef & Arpels. During the preview for this sale, pieces from the collection of Barbara Taylor Bradford going up for auction December 5 in London will be available for viewing (see a video here on that sale).
Also on the calendar for Bonhams are sales in Hong Kong (November 23) Sydney (November 26) London (December 5) and again in New York (December 9).
Pink 8.06 carat diamond at Bonhams October 17 New York Auction (Lot 283).
Jean Schlumberger for Tiffany & Co. Ring (Lot 95)
Jean Schlumberger for Tiffany & Co. Bracelet (Lot 112)
Jean Schlumberger for Tiffany & Co. Brooch (Lot 96)