Monday, December 14, 2015

So I was like . . . Wha ?

 . . . then I was like  . . . Whoa!

Every auction raises the standard (usually) for setting new values on pricey fancy colored diamonds. Their rarity and high collectability drives the frenzy whirling around their sale. The entire collecting world can potentially be paddled-up for these electric affairs.
1.74 carat FIB diamond in platinum setting: Christie's Images 2015

Auction results thrill diamond fans. The buzz surrounding their final hammer price makes the global rounds in real time.

Except once in a while. And why is that? Have there been so many exceptionally large fancies sold recently that we have experienced information overload? I dunno. But here's a brilliant new auction record that should be getting more ink than it has.

So here it is. Christie's New York had their Magnificent Jewels auction on December 10, 2015. For me, one  blue diamond stood out. Against a pre-sale estimate of $700K to $1-million, the exceptional stone was a doozy; 1.74 carats, Type IIb, graded Fancy Intense Blue by GIA and VVS1 to boot.


Christie's FIB diamond paired to 3.74-ct Fancy Vivid purplish-pink diamond: Christie's Images 2015 

When all the bidding was through, it realized the better part of a cool $2-million, or $1,925,000 to be exact. And every dollar counts when you've got a tab this hefty. Don't bother getting the calculator out. It works out to be $1.106 million per carat--a record. Wha?

Have we had such a slew of amazing stones come to sale lately that a dainty -2 carat fancy can stay under the radar? Who knows, but it's worth applause. Let's hear it for the not so little blue!



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