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Fancy coloured diamonds sparkle at Sotheby’s Geneva sale

21 November 2016


Fancy coloured diamonds were the stars of Sotheby’s Magnificent Jewels and Noble Jewels sale in November 16 in Geneva. Overall jewellery sales reached CHF136.7 million (US$136.4 million), according to the auction house. 

The latest auction figures bring Sotheby’s Geneva 2016 jewellery sales to a record total of CHF307.8 million (US$311.5 million), up from CHF289.4 million (US$300 million) last year. 

“The result is a great finale to what has been yet another phenomenal year for jewellery in Geneva. Earlier this year, in May, we set a world record for any jewellery sale, and tonight the momentum continued, making 2016 the second record year in a row for Geneva,” David Bennett, worldwide chairman of Sotheby’s International Jewellery Division, commented after the auction. “The very best coloured diamonds of all hues remain highly desirable, but tonight pink and blue were undoubtedly the hottest colours accounting for many of the top prices this evening, with new records set for deep blue, fancy light blue and light pink diamonds.”

Pink diamonds 
Leading the sale was a 17.07-carat emerald-cut fancy intense pink diamond ring that surpassed its pre-sale estimate to sell for CHF 20,825,000 (US$20,778,352) or US$1,217,244 per carat.

An internally flawless fancy intense pink diamond of 13.20 carats also captivated bidders to reach CHF 16,268,750 (US$16,232,308) or US$ 1,229,720 per carat. 

Both diamonds were acquired by Graff Diamonds Ltd, according to Sotheby’s. 

A new auction record was set for any fancy light pink diamond when a pear-shaped stone weighing 40.30 carats was purchased for CHF 7,550,000 (US$7,533,088), the auction house continued.

Blue diamonds 
The exceptionally rare “Sky Blue Diamond,” a mesmerising fancy vivid blue diamond weighing 8.01 carats, sold for CHF 17,112,500 (US$17,074,168) or US$2,131,607 per carat.

Another top-performing lot was a fancy deep blue diamond ring, which fetched CHF 13,737,500 (US$13,706,728) – a new record for a deep blue diamond of any kind, noted Sotheby’s.

A fancy light blue diamond ring, which sold for CHF 2,172,500 (US$2,167,634) was also a show stopper during the auction.

Within the past two years alone, Sotheby’s said it had twice set a new world record auction price for any blue diamond, most recently with the only diamond or gemstone in auction history to have exceeded US$4 million per carat, the Blue Moon of Josephine (sold for US$48.5 million in November 2015). That eclipsed the previous world auction set by Sotheby’s in November 2014 with the sale of the Zoe Diamond – a fancy vivid blue diamond weighing 9.75 carats that was offered from the collection of Paul Mellon. It sold for a final price of US$32,645,000.