Christie’s NY Jewels Sale Tops $15M
Top lot is a 27.03 carat diamond...Christie’s New York Jewels sale held earlier today achieved a total of $15,226,275 and was 84 percent sold by lot. The top lot was a 27.03 carat, D, VVS1, type IIa diamond that sold for $131,500 per carat, or $3,554,500.
Christie’s New York also sold a 10.19 carat, square cut fancy intense orangy pink diamond for $2,322,500 and a 12.50 carat, pear-shaped diamond ring for $1,482,500. These top three diamonds sold above their presale estimates.
Rahul Kadakia, head of jewelry for Christie’s Americas, said, “As a sign of the resurgence of the market, a cushion-cut D VVS1 diamond of 27 carats achieved $131,500 per carat in this sale, versus $130,000 per carat for a 30-carat D color flawless diamond sold in New York at this time last year.”
He continued, “This represents a 45 percent per-carat increase in the value of top diamonds in just 12 months time. A fitting close to the spring jewelry season at Christie’s U.S., which achieved a grand total of $56 million in sales.”
By: Jeff Miller
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