Christie’s New York to auction 3 Colored Diamonds

September 10th, 2013 by Noam Flint

Fans of colored diamonds will likely be paying close attention to an upcoming sale at Christie’s New York. The auction house is preparing a magnificent sale featuring a wide array of spectacular gems, with options like colored diamond rings, flawless white diamonds and more going up for auction.

Colored diamonds on display

There are three breathtaking gems highlighting this year’s fall auction at Christie’s New York. The first is a 5.13-carat yellow diamond ring that will likely sell for anywhere from $200,000 to $300,000. With a square cut and pure vivid yellow coloring, it would likely be the centerpiece of many auctions, but it is only one of the three colored diamond options at this event. Complimenting that fancy colored diamond is a 3.81-carat blue diamond. This cushion-cut stone will likely draw in bids of $2.5 million to $3.5 million.

Perhaps the most impressive item, however, is an 8.77-carat pink diamond. This rectangular-cut masterpiece features an intense color and has already been mounted to create a pink diamond ring. It is expected to sell for anywhere from $5.5 million to $6.5 million during the auction.

An amazing collection

These colored diamonds are just three of the stellar pieces included in the sale, which boasts the jewelry collection of The Honorable Noreen Stoner Drexel. Born in England as the youngest child of a Lord, she eventually moved to Newport, R.I. In the wake of her passing at age 90 in November 2012, her personal collection of gems is going up for auction. This amazing set is just one of the many options scheduled to change hands as part of the upcoming auction.

“For the first major fall sale in New York, our team of jewelry specialists have traveled the globe to gather the finest quality diamonds, emeralds, rubies, sapphires and rare vintage jewels from notable estates and private collections,” Rahul Kadakia, the head of jewelry for Christie’s Americas and Switzerland, told Diamonds.net. “In anticipation of a continued strong market, we look forward to offering collectors the best in the world of jewelry auctions.”

Also included are a few pieces from other private sets of jewels, such as a brooch once owned by the Argentinean icon Eva Perón. Created in the image of the flag of Argentina, the item is made from sapphire, white diamond and a colored diamond. In addition, diamond rings featuring 25.3 carats, 18.8 carats and 9.5 carats will also be sold to eager buyers, likely for figures between $1 million and $3 million. Many other private collections and high-quality pieces are slated to be a part of the American auction.

Christie’s New York fall sale, which will feature approximately 400 lots, is scheduled for Oct. 15.

More high-profile diamond auctions

While fans of colored diamonds will be paying special attention to this auction, it is not the only high-profile sale of stunning jewelry on the horizon. Much like Christie’s New York will be showcasing three amazing colored diamonds, among other gems, Sotheby’s will be auctioning off a 118-carat diamond recently mined in Africa. Found about two years ago, the egg-sized gem was originally a 299-carat rough diamond that has since been cut but is not yet mounted.

Sotheby’s claims this stone is the largest oval-shaped flawless diamond to ever be graded by the Gemological Institute of America. Early estimates predict the unique gem could demand anywhere from $28 million to $35 million during its upcoming sale, Diamonds.net reported. That auction will take place Oct. 7 in Hong Kong.

 

* Photos by Christie’s. For more information about the sale click here