Auction News Christie's

The Blue Sells for $23.8 Million, Christie’s Sets New Jewelry Auction Record

The Blue 2

On the heels of yesterday’s record-breaking sale at Sotheby’s, Christie’s answered big time as its Geneva Magnificent Jewels auction broke the day-old record for a jewelry auction with a sale total of $154.1 million.  With 85 percent selling by lot and 94 percent by value, the auction saw 27 lots sell for more than $1 million and set four new world auction records.

The astronomical total was helped by the auction’s top lot, The Blue, the largest flawless fancy vivid blue diamond in the world at 13.22 carats, which sold for $23.8 million. Renamed The Winston Blue in honor of its buyer, Harry Winston, the blue diamond also set a new world record for a price per carat for a blue diamond at $1,799,953 per carat.

ChristiesTheBlueDiamondVideoStills001 (1)

The Blue

The other major diamond jewels in the sale also garnered eight figure prices, led by the sale’s cover star, the Belle Époque diamond devant de corsage brooch (est. $$7,350,101 – $12,438,632), by Cartier, which sold for $17,917,285 after an intense bidding war between a buyer on the phone and one in the room. The latter, from London-based estate jewelry dealer Symbolic & Chase, had the winning bid.

diamond-waterfall

The 75.97-carat pear-shaped diamond (est. $13,908,652 – $15,830,986) graded D Flawless Type IIa fetched $14,751,088, while the The Ocean Dream (est. $7,689,336 – $9,611,670), a fancy vivid blue-green triangular-cut diamond weighing 5.50 carats, achieved a total of $8,798,637. The Ocean Dream achieved a new world auction record for a blue-green diamond. Setting a new auction record for a light pink diamond, the spectacular colored diamond necklace (est. $7,123,944 – $10,177,062), by Leviev, which features a 76.51-carat light pink cut-cornered square-cut diamond, contributed $10,191,763 to the sale’s overall record-breaking total. 

Ocean Dream

The Ocean Dream

Other top performing diamonds in the sale include:

  • The Rajah Diamond (est. $3,053,119 – $5,088,531), a 26.14-carat old-mine brilliant-cut diamond graded D color, VS2 clarity, Type IIa, fetched $4,112,664.
Christie's - The Rajah Diamond

The Rajah Diamond

Diamonds weren’t the only star stones of the day, sapphires also performed well throughout the sale. Notable sapphires include:

  • A sapphire ‘toi et moi’ ring (est. $848,089 – $1,413,481), composed of a 16.16-carat Burmese sapphire and a 15.62 Kashmir sapphire, beat its high estimate with a final sale price of $2,719,537.
Christie's Toi et Moi

A Kashmir & Burmese Sapphire ‘Toi et Moi’ Ring

Another rare gemstone of note that sold is the exceptional 21.41-carat unmounted alexandrite (est. $508,853 – $735,010), which achieved a total of $1,498,290 and set a new world auction record for an alexandrite.

Natural pearls continued to be in high demand as indicated by the following natural pearl jewel highlights:

  • An impressive natural pearl and diamond necklace (est. $565,392 – $791,549), suspending a drop-shaped natural pearl, measuring approximately 16.5-16.0 x 31.5 mm, sold for $3,099,481, more than quadruple its high estimate.
An Impressive Natural Pearl and Diamond Necklace

An Impressive Natural Pearl and Diamond Necklace

While the number of pieces that did not sell had little impact on the overall results, it is worth noting a few of the jewels that didn’t sell, including a five-strand natural pearl necklace (est. $2,035,412 – $3,053,119), a 16.94-carat cushion-shaped Kashmir sapphire (est. $1,130,785 – $1,696,177), and a diamond necklace (est. $452,314 – $565,392), by René Bry.

Composed of two foliate tapered flexible bands, each centering upon a line of graduated brilliant-cut diamonds, flanked on either side with baguette-cut diamonds, to the brilliant-cut diamond surround, transform to be worn as two bracelets with additional clasp links, 1950s, necklace inner circumference 32.8 cm, with French assay marks for platinum and gold With maker's mark for René Bry - Estimate: $453,477 - $566,847

A Diamond Necklace, by René Bry – Composed of two foliate tapered flexible bands, each centering upon a line of graduated brilliant-cut diamonds, flanked on either side with baguette-cut diamonds, to the brilliant-cut diamond surround, transform to be worn as two bracelets with additional clasp links, 1950s, necklace inner circumference 32.8 cm, with French assay marks for platinum and gold With maker’s mark for René Bry – Estimate: $453,477 – $566,847

You Might Also Like

No Comments

Leave a Reply