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50 Carat D Flawless Diamond Sold at 4 Million!
A standing room only crowd at Christie’s New York sale of Magnificent Jewels was hushed as dueling bidders vied for a 50.01 D flawless diamond ring.
This 50 carat D Flawless could have been yours for 4 mil!!
The rectangular-cut prize by Graff was the top lot of the evening selling for $4,216,000 (all prices include buyers premium.) It was bought back by Graff the London-based retailer who over the years has offered some of the world’s most important diamonds for sale. He declared the gem “a masterpiece.” The sale total of — $31,747,840 — was the highest seen over the past few years at a New York auction.
Also boosting the bottom line was the sale of an 8.01 carat oval-cut Burmese ruby, which sold to an Asian Private after heated bidding on the phones for $2,200,000, setting a world auction record price for a ruby of $274,656 per carat.
Burmese Ruby for 2.2 million! And you thought filling up your gas tank was expensive!
Buyers participated from around the globe with private collectors bidding aggressively on signed jewels, sending prices into the stratosphere.
Diamond prices were strong with several D Flawless stones moving briskly, contrary to the trend of the past few years when those gems sat untouched. Colored gemstones — also traditionally slow movers at auction — were the focus of intense bidding during the sale.
While privates were in the thick of the bidding action, this was the first sale in some time that saw the trade dominating the top ten lots; only three of the 10 sold to privates. The sale’s success was fueled by the soft dollar, a strong selection of signed jewels and diamonds that were consigned at reasonable prices.
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