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Record auctions at Christie's and Sotheby's set to bring sparkle to diamond market
A model holds a 12.03-carat blue diamond during a press preview by auction house Sotheby's in Geneva on November 4, 2015. A 12.03-carat blue diamond could fetch a record $55 million (47 million Euros) when it goes under the hammer by Sotheby's on November 11 in Geneva. Categorised as a fancy vivid blue diamond, the Blue Moon, discovered in South Africa in January last year, is the largest cushion-shaped stone in that category to ever appear at auction. AFP PHOTO / FABRICE COFFRINI.


GENEVA (AFP).- A 12.03-carat blue diamond could fetch a record $55 million (51 million euros) when it goes under the hammer at Sotheby's auction house in Geneva on Wednesday.

The "fancy vivid blue diamond" Blue Moon, discovered in South Africa in January last year, is the largest cushion-shaped stone in that category to ever appear at auction.

Sotheby's put its estimated sale price between $35-$55 million which, at the higher end, would mark an all-time record for the sale of a diamond at auction.

"Fancy vivid" is the highest category for coloured diamonds.

On the eve of that event, Sotheby's competitor Christie's is set to auction off a cushion-shaped 16.09-carat pink diamond that is tipped to fetch up to $28 million.

Christie's said only three fancy vivid pink diamonds of over 10 carats have been up for sale in 250 years.

The flawless pink diamond is the largest in its class ever graded by the Gemological Institute of America (GIA). The sparkling oval-cut rock has received the highest possible GIA colour and clarity rating.

The world record for a diamond sale at auction is currently held by a 24.78-carat pink diamond, known as the Graff Pink, which sold in Geneva in November 2010 for just over $46 million.

In November 2013 a plum-sized diamond that weighed in at 59.60-carats and was known as the "Pink Star," was auctioned by Sotheby's in Geneva for $83 million, a world record for a gem, but the buyer, New York diamond cutter Isaac Wolf, defaulted on the payment.

The current record for a blue diamond belongs to the Zoe Diamond, which in November 2014 fetched $32.6 million in New York.

The stunning 9.75 carat, pear-shaped diamond was bought by a private Hong Kong collector.

The price also set a new world auction record for price-per-carat for any diamond, the auctioneers Sotheby's said. 

Only five white diamonds weighing more than 100 carats have been sold at auction, according to Sotheby's. The most expensive was the 118.28-carat gem which sold by Sotheby's for $30.6 million at a Hong Kong auction in October 2013.

In May 2014, a 100.09-carat yellow diamond sold for $16.3 million at auction in Geneva, a record for a diamond of this colour. The Graff Vivid Yellow Diamond is one of the largest yellow diamonds in the world and its colour is described as "daffodil yellow."



© 1994-2015 Agence France-Presse





Today's News

November 9, 2015

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Record auctions at Christie's and Sotheby's set to bring sparkle to diamond market

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New book tells how museum became one of the most important repositories of Coco Chanel's memorabilia

Britain's Natural History Museum announces ancient long-extinct amphibians discovered in Brazil

Crystal Bridges hosts exhibition exploring landscape painting across the Western Hemisphere

Major installation of neon works by Conceptual artist Joseph Kosuth opens at Sean Kelly

Luxembourg & Dayan presents first New York exhibition devoted to the early work of Enrico Baj

Colorful new body of sculptures by Glasgow-based artist Jim Lambie on view at Anton Kern Gallery

New Britain Museum of American Art exhibits recently acquired Kate O'Donovan Cook's "The Mirror"

The meaning and history of the colour blue explored in exhibition at the National Gallery of Victoria

Exhibition of new paintings by Peter Schuyff opens at Mary Boone's Fifth Avenue location

Exhibition of new works by Bay Area painter Guy Diehl opens at Dolby Chadwick Gallery

Danziger Gallery celebrates 25th anniversary with exhibition of Ian Ruhter's work

Holy history Batman! Superheroes take over the New-York Historical Society

"Fashion and Virtue: Textile Patterns and the Print Revolution, 1520-1620" on view at the Metropolitan

The Godfather gets African look for Mali exhibition

Exhibition features leading contemporary visual and performance artists from West Africa

Contemporary Arts Center, Cincinnati revisits controversial Robert Mapplethorpe exhibition

Group exhibition examining figuration in European sculpture opens at Skarstedt

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Exhibition of Tom Burr presenting both works from the 1990s and new works on view at Bortolami Gallery

Jan Fabre's "Sacrum Cerebrum" opens at Art Bärtschi & Cie, Geneva

Most Popular Last Seven Days



1.- Boy and an amateur archaeologist unearth legendary Danish king's trove in Germany

2.- Exhibition at The Met illustrates what visitors encountered at The palace of Versailles

3.- Philadelphia Museum of Art opens "Modern Times: American Art 1910-1950"

4.- Exhibition at Michael Hoppen Gallery presents a cross-section of works from Thomas Mailaender's career

5.- New York's Chelsea Hotel celebrity door auction raises $400,000

6.- Stevie Ray Vaughan's first guitar drives Entertainment & Music Memorabilia Auction to nearly $2.9 million

7.- Lichtenstein's Nude with Blue Hair tops $2.4 million sale of Modern & Contemporary Prints & Multiples

8.- $6.7 million Fancy Intense Blue Diamond sets auction record at Sotheby's New York

9.- Mexico court blocks sales of controversial Frida Kahlo Barbie doll

10.- Dutch museums to conduct new research on the paintings of Pieter de Hooch



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