The First Art Newspaper on the Net Established in 1996 United States Saturday, December 20, 2014


World's largest vivid orange diamond sold for $31.5 million at Christie's in Geneva
A model shows "the Orange" a 14.82-carat pear-shaped, vivid orange diamond. AFP PHOTO / FABRICE COFFRINI.

By: Nina Larson

GENEVA (AFP).- A spectacular and rare orange diamond, the largest known gem of its kind, was on Tuesday auctioned off for a record $31.5 million in Geneva.

"At the back of the hall, 29 million francs ($31.5 million, 23 million euros). Sold!" the Christie's auctioneer said as the fiery almond-shaped gem was snapped up in a room of about 200 people in a luxury Geneva hotel.

The price excluded another $4.04 million in taxes and commission.

The man who made the purchase swiftly got up and left the room to a round of applause. Christie's did not reveal his identity.

The deep orange gemstone, which was found in South Africa, weighs a whopping 14.82 carats. The Gemological Institute of America (GIA) has handed it the top rating for coloured diamonds: "fancy vivid".

Pure orange diamonds, also known as "fire diamonds", are extremely uncommon and very few have been auctioned, with the largest never more than six carats.

"To have one that's over 14 carats is exceptional," Christie's international jewellery director David Warren told AFP. He said "The Orange" was "the largest recorded vivid orange diamond in the world".

In 1990 the 4.77-carat yellow-orange Graff Orange diamond was sold for $3.92 million dollars and in 1997 the vivid orange Pumpkin diamond of 5.54 carats was sold for $1.32 million.

Christie's had estimated "The Orange" would rake in $17 million to $20 million.

Rare and expensive 'freaks of nature'


Coloured diamonds, once considered a curiosity, are rarer than white diamonds and today attract higher prices per carat than even the most flawless, translucent stone.

That, Warren explained, was because, "coloured diamonds are real freaks of nature. They begin as white diamonds, and it's some accidental colouring agent in the ground that will turn it a particular colour."

Green diamonds, for instance, are coloured by radioactivity in the ground, blue diamonds get their colour from boron, and yellow diamonds, which in very rare cases turn orange, are coloured by nitrogen.

Pink diamonds meanwhile get their colour from a distortion in the crystal lattice as the stone is taking shape.

Coloured diamonds "are extraordinarily rare stones," agreed David Bennett, who heads the European jewellery division at Sotheby's.

Christie's rival is set to auction off a flawless 59.60-carat vivid pink diamond, called "The Pink Star", in Geneva on Wednesday, with an asking price of $60 million.

Like "The Orange", the flawless plum-sized shimmering "Pink Star" has received the highest possible colour rating from GIA, as well as top marks for clarity.

It is also the largest of its kind, Bennett said, insisting the anonymous seller was not asking too much.

"Very, very few of these stones have ever appeared at auction and three years ago, a five carat vivid pink made over $10 million. So the estimate on this stone of $60 million would appear to be very reasonable," he told AFP.

For those who can't cough up that kind of money, both Christie's and Sotheby's "Magnificent Jewels" auctions will also offer a range of other items of historic importance but with lighter price-tags.

There is for instance a seven strand pearl necklace, sold by "a royal family" at an asking price of $4.5 million.

Or the shimmering emerald and diamond necklace by Cartier that has been in the collection of Bolivian tycoon Simon Itturi Patino since he bought it for his wife in 1938.

That piece is expected to rake in $7.0-10 million Tuesday evening.



© 1994-2013 Agence France-Presse





Today's News

November 13, 2013

Francis Bacon's "Three Studies of Lucian Freud" sells for $142,405,000 at Christie's

Tutankhamun may have spontaneously combusted: experts who performed a "virtual autopsy"

World's largest vivid orange diamond sold for $31.5 million at Christie's in Geneva

Guillermo Tovar y de Teresa, chronicler of Mexico City, dies at age 57

Paul Kasmin Gallery presents a selection of artworks and artifacts collected by Arman

New World Trade Center deemed tallest United States skyscraper by Council on Tall Buildings

Jewish leaders welcome German action on Nazi-looted art found in Munich apartment

Buchmann Galerie in Berlin presents five large lithographs by artist Richard Serra

Unique and exceptional silver Torah Crown for sale at Bonhams silver sale in London

Sotheby's presents snuff bottles from the Mary and George Bloch Collection: Part VII

Byzantine Museum in Cyprus welcomes home icons stolen after Turkish invasion

National Maritime Museum secures celebrated Gibson photographic collection of shipwrecks

Phillips and Degroof Financial Company announce an exhibition of selected works from Art Pradier

Whyte's announces a flagship auction of important Irish art

Leslie Hindman's Fine Books and Manuscripts Auction a resounding success

Famous painting lost for decades featured at Bonhams Greek Sale

"Niccolo' Machiavelli: The Prince and its Era 1513-2013" opens in Washington

The Fine Art Society Contemporary presents a group exhibition of twenty young to mid-career artists

Abdel Mohsen exhibits at Mashrabia Gallery of Contemporary Art in Cairo

The Broad MSU announces Associate Curator of Architecture and Design

Most Popular Last Seven Days



1.- Colossal statue of Amenhotep III unveiled on the west bank of the Nile in Egypt

2.- British royals crown New York visit with gala dinner

3.- Missing artwork rediscovered in "Stuart Little" sells for over 200,000 euros at auction

4.- Rossetti's Venus Verticordia soars at Sotheby's in London to sell for £2.88 million

5.- Russian magnate buys, then returns Nobel prize to American geneticist James Watson

6.- Egyptian Museum unveils four newly renovated halls of the famed Tutankhamun gallery

7.- 'The Secret of Dresden: From Rembrandt to Canaletto' on view at the Groninger Museum

8.- Cooper Hewitt Smithsonian Design Museum reopens after three-year renovation

9.- More than 200 queries about works by possible heirs received on Nazi-era art hoard

10.- Attorney, artist and filmmaker reflects on the seven lessons learned at 2014 Art Basel Miami Beach



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site