5.5-Carat Oval Pink Diamond Fetches $9.5 Million At Christie’s

June 11 (Forbes) — Fancy colored diamonds sparkled again at auction, particularly pink ones. This time it was Christie’s New York Important Jewels sale held Tuesday that attracted buyers for statement diamonds of color. The top lot was a 5.50-carat oval-cut fancy vivid pink diamond with VVS1 clarity that sold for more than $9.5 million (more than $1.7 million per carat), besting the high estimate of $7.5 million.

Two other lots earned over $1 million: A 20.08-carat, D‐color VVS1 potentially internally flawless rectangular cut diamond ring by Taffin that sold for $3 million ($153,240 per carat), within its estimate, and a 5.91-carat rectangular-cut fancy light pink VS1 diamond that sold for more than $1.8 million ($310,490 per carat), about three times its high estimate of $675,000.

Posted by: ahametals in Jewelry & GemsJune 11, 20140