Wednesday, May 18, 2016

PINK DIAMOND WEIGHING JUST OVER 15 CARATS SELLS FOR RM 129 MILLION, ESTABLISHING A NEW WORLD RECORD

KEE@FSWMAG.COM

NEW WORLD RECORD FOR ANY JEWELLERY SALE
SOTHEBY’S GENEVA SALE OF
MAGNIFICENT JEWELS AND NOBLE JEWELS REALISES ON 17 MAY
US$175.1M / CHF 171M*    


THE “UNIQUE PINK”
THE LARGEST PEAR-SHAPED FANCY VIVID PINK DIAMOND
EVER TO COME TO AUCTION
MAKES US$31.6M / CHF 30.8M
RECORD FOR A STONE OF ITS TYPE
(Price per carat: US$2,052,094)

NEW RECORD SET FOR A JEWEL BY REZA
From a noble collection, brooch featuring a 6.64-carat Fancy Intense Blue Diamond
Achieves US$13.7m / CHF 13.4m
                                                                               
NEW RECORD FOR AN ONLINE PURCHASE IN A LIVE AUCTION AT SOTHEBY’S
Diamond Earrings Sell for US$6 million to Online Bidder


A new world record for any jewellery auction was set on 17 May when Sotheby’s sale of Magnificent Jewels and Noble Jewels in Geneva realised US$175,097,419 / CHF 171,018,625, eclipsing the previous record of US$160.9m (CHF 149.9m) also set by Sotheby’s in the equivalent sale last year (May 2015).

The sale was led by the spectacular “Unique Pink”, a supremely rare Fancy Vivid Pink diamond weighing 15.38 carats that sold for an exceptional US$31,561,200 / CHF 30,826,000 (price per carat: $2,052,094).


Speaking after the sale, David Bennett, Worldwide Chairman of Sotheby’s International Jewellery Division, commented: “Exactly one year after having set the world record for a jewellery sale, Sotheby’s Geneva has raised the bar once again with a great sale and a great result for the Unique Pink. It is difficult to imagine a diamond that better illustrates the term Vivid Pink than this outstanding stone. 

"The colour is simply astonishing and, for its size, it is in my experience truly unique. We set out to curate a sale that would speak to today's collectors and the response has been overwhelming - confirmation, if ever it were needed, that when you have the right material, demand is as deep as it's ever been. 

"This was a sale that had the perfect mix of great gemstones and jewels, the vast majority of which were sourced from private collections.”

SALE OVERVIEW
·         83% sold by lot
·         Three lots sell for over US$10 million. Six lots sell for over US$5 million.
·         Online buying:
o   New record for an online purchase in a live auction at Sotheby’s (Lot 462, a pair of Important Pear-Shaped Fancy Blue and Fancy Orangy Pink Diamond Earrings totals US$6 m / CHF 5.9 m).
o   41% increase in the number of lots sold online compared to the equivalent sale last year.
·         One of the highest levels of participation for any Jewellery sale at Sotheby’s
o   Ahead of the sale, the catalogue was viewed online by people from 155 different countries.
o   Participants came from 45 countries.
o   25% of the total number of participants came from Asia.
·         70% of lots sold above high estimate.
·         Pre-sale estimate: US$145.4 – 223.8m / CHF 142 – 218.6m.

OTHER NOTABLE RESULTS

NEW RECORD FOR A JEWEL BY REZA
Coming to auction from a noble collection, a brooch featuring a 6.64-carat Fancy Intense Blue diamond achieves US$13,672,493 / CHF 13,354,000 - surpassing the previous auction record set by Sotheby’s Geneva in May 2010.
(LOT 405, estimate US$10 – 14m / CHF 9.6 – 13.4m)

UNIQUE PINK LEADS HOST OF STRONG PRICES FOR COLOURED DIAMONDS:

AUCTION RECORD FOR A FANCY PINK DIAMOND
An Important Fancy Pink diamond pendant weighing 18.51 carats totals US$9,773,672 / CHF 9,546,000 (US$528,021 per carat)
(LOT 411A, estimate US$5-8m / CHF 4.8-7.7m)

RECORD PRICE PER CARAT FOR A FANCY PURPLISH PINK DIAMOND
An important Fancy Purplish Pink diamond ring weighing 8.20 carats sold for US$3,696,098 / CHF 3,610,000 (US$450,744 per carat)
(LOT 420, estimate US$2-4m / CHF 1.9-3.8m)

US$17.1m / CHF 16.7m for an Internally Flawless 7.32-carat Fancy Vivid Blue (US$2,337,791 per carat)
(LOT 494, estimate US$15 – 25m / CHF 14.4 – 24m)


AN IMPORTANT PRIVATE BRITISH COLLECTION OF CARTIER
25 of the 29 lots offered sold over estimate to realise a combined total of US$3.4 m / CHF 3,314,500.            
(LOTS 432-461, combined estimate US$1.6-2.6m / CHF 1.6-2.6m)


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