A red diamond creates another world auction record

by queenofcolordiamonds

Wow, what a week for Natural Fancy Color Diamonds at auction. On the 21st we saw a fancy vivid blue, pear cut VVS2 diamond from the collection of Mrs. Paul Mellon set new auction records at Sotheby’s New York for the record total price for any blue diamond and a new world auction record price-per-carat for any diamond. The diamond had a presale estimate of $10 million to $15 million and sold for $32,645,000.

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Today a 2.09 Carat Fancy red heart-shaped diamond by Moussaieff set a world auction record at Christie’s Hong Kong when it sold for $5,095,872 ($2.44 million per carat) to a private Asian investor.

Vickie Sek, deputy chairman of Christie’s Asia and director of Christie’s jewelry and jadeite department released the following in a statement.
“Colored stones and colored diamonds were keenly sought by private collectors and members of the international trade at Christie’s Hong Kong,” adding “One of the finest red diamonds ever offered for sale achieved a world record price of well over $2 million per carat. It is also the most expensive red diamond ever sold at auction.”

Other highlights from the sale: a 10.1 ct. cushion Burmese ruby and diamond brooch by Cartier ($8.4 million); a pair of jadeite cabochon ear studs measuring 26 mm each ($6.7 million); and a 3.39 ct. oval vivid blue diamond ring ($5.8 million).

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