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A rare unmounted modified pear brilliant-cut diamond sells for $2.6 million at Bonhams New York
A fine fancy colored diamond and diamond ring. Centering a pear-shaped fancy intense blue diamond, weighing approximately 1.12 carats, with baguette-cut diamond shoulders. Mounted in eighteen karat gold and platinum. Sold $365,000. Photo: Courtesy of Bonhams.

NEW YORK, NY.- An extraordinary type IIa diamond sold for $2,629,000 at Bonhams Fine Jewelry sale on December 9, the pinnacle of the day's two jewelry sales which achieved $8,912,188 in total. The unmounted stone weighed 17.82 carats and was a modified pear brilliant-cut. Consigned from a private collection, the diamond more than doubled its pre-sale estimate after a lengthy bidding war.

"Less than 2% of the world's diamonds are type IIa, meaning they contain little - if any - nitrogen. They are considered the most chemically pure of all diamonds, and are renowned for their limpid appearance. This particular diamond was almost like a droplet from a sparkling waterfall," explained Susan Abeles, Bonhams Head of US Jewelry, and Virginia Salem, the Director of the Jewelry Department in New York. "It was a pleasure to offer the diamond after decades in a private collection."

Hundreds of bidders representing almost two dozen countries participated in the Fine Jewelry sale, with notable interest coming from East Asia, including Hong Kong, China, Taiwan and Korea. The Madison Avenue gallery audience was standing room only, as the determined attendees competed with the telephones and those bidding live online. The sale was 88% sold by lot and 82% sold by value.

Diamonds were the order of the day, comprising no less than nine of the top 10 prices achieved for Fine Jewelry. The rainbow array of colored diamonds on offer attracted significant attention. A 1.12 carat pear shaped, natural fancy intense blue diamond ring tripled its pre-sale estimate to reach $365,000, while a fancy brownish-pink diamond ring, weighing 2.01 carats, more than doubled its estimate to reach $155,000. A fancy intense yellow diamond ring weighing 7.09 carats reached $185,000, while a fancy light yellow diamond ring weighing 7.79 carats achieved $118,750.

Diamond solitaire rings and earrings were also well received. A 5.05 carat diamond solitaire ring from Harry Winston brought $209,000, while a 5.27 carat, E color diamond solitaire ring with internally flawless clarity realized $293,000. A pair of diamond solitaire earrings, coming from a Charleston, SC estate more than doubled their estimate to reach $125,000.

According to Bonhams Jewelry Department in New York, "We are very pleased with the results today, which confirm the renewed strength of the diamond and fine jewelry market worldwide."

The Fine Jewelry sale on December 9 was immediately followed by the Salon Jewelry sale, which saw excellent prices achieved for diamonds, sapphires, and signed pieces from makers such as Tiffany & Co. and Cartier.

Today's News

December 11, 2013

Remains of a 900 year old estate that has a fountain in its garden were exposed in Ramla

French culture minister snubs Google at major Paris event presenting cultural hub

Solo exhibition of Maurits Cornelis Escher's work opens at Moscow Museum of Modern Art

Dazzling success for the Fourth Russian Art Sale at Hôtel des Ventes in Geneva

The definitive portrait of Jane Austen by James Andrews sells for £164,500 at Sotheby's London

Sotheby's announces Alfredo Gangotena to join company as Chief Marketing Officer

Christie's concludes 2013 with Masters of 20th Century Design sale in New York

Rijksmuseum welcomes two millionth visitor; Visitor numbers continue to exceed expectations

Le Mois de la Photo à Montréal announces Chuck Samuels leaves his post as Director General.

Hermann Historica oHG's autumn auction closes with one of the best results in its entire history

Snowy auction day fit for Pennsylvania Impressionists brings $2.1 million & sets auction records

Ray Kass, Sandy Litchfield, and J. Ivcevich open group exhibition at Garvey/Simon Art Access

A rare unmounted modified pear brilliant-cut diamond sells for $2.6 million at Bonhams New York

Photo Independent: Ground breaking artist-only photographic art fair debuts in Hollywood this April 2014

Quinn & Farmer to auction Thomas Jefferson hand-drawn survey on December 14

Anna Hyatt Huntington's Torch Bearers realizes $315,000 at Heritage Auctions NYC American Art Event

Heritage Auctions' Domain Name & Intellectual Property Auction has brought more than $1.5 million so far

Spirits in Bondage: The literary legacy of C.S. Lewis at Dreweatts & Bloomsbury Auctions

The apple that started the Trojan War: Mythological marble at Bonhams Fine European Furniture Sale

The San Diego Museum of Art appoints Michael Brown as Associate Curator of European Art

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4.- Stunning colored diamonds expected to dazzle at Heritage Auctions' Summer Fine Jewelry Auction

5.- US designer Kate Spade found dead at 55

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7.- Sir Stanley Spencer painting discovered hidden under a bed during a drugs raid

8.- Oxford's Bodleian Libraries unveil UK's first major Tolkien exhibition in decades

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