The Pink Star Diamond Breaks Auction Records

The Pink Star: 59.6 carat pink diamond. Photo from Sotheby's auction house. 

The previous world record for a pink diamond was set in 2010 by the 24.79 carat Graff Pink which was sold for $46.2 million. The Pink Star diamond also broke the record for all diamonds, a title previously held by the Oppenheimer Blue diamond, sold at a Christie’s auction in May for $58 million.

Sotheby's broke records on Tuesday at their Hong Kong auction house with the sale of "The Pink Star" for an astounding $71.2 million. The 59.6 carat pink diamond, was won by Hong Kong-based jewelry retailer Chow Tai Fook after a five-minute bidding war.  

The Pink Star diamond was the largest internally flawless, fancy vivid pink diamond ever graded by the Gemological Institute of America, according to Sotheby’s. 

The Pink Star diamond was originally mined in Botswana, Africa, by De Beers in 1999. The stone came from a 132.5 carat rough diamond. The cutting and polishing took two years of work.

The gem was previously auctioned off in 2014. Isaac Wolf, a diamond cutter, purchased the stone for $93 million at a Sotheby’s auction in Geneva. The diamond was then reclaimed by the auction house after Wolf failed to pay for it. Tuesday's winning bidder Chow Tai Fook has renamed it the CTF Pink Star after it purchased the diamond in honor of the late father of the jeweler retailer’s current chairman.

'Sunrise Ruby' Steals the Show at Sotheby's Auction

The “Sunrise Ruby,” a 25.59-carat untreated pigeon’s blood red-colored stone set a new world auction record for price paid for a ruby on Tuesday at the Sotheby's Geneva sale. The ruby was initially estimated to sell at between $12-$18 million but bidding soared to $30.3 million, demolishing the existing ruby auction record that was held by the $8.6 million sale of the “Graff Ruby.” The ring also set a record for the price paid for a jewel by Cartier. It was sold to an million to an anonymous buyer.
The high price of the ruby heavily contributed to the Sotheby’s Magnificent and Noble Jewels auction which the highest-ever total for any jewelry auction at $160.9 million, deposing the Christie’s November 2014 sale of Magnificent Jewels in Geneva, which totaled $150.2 million.

Also performing well but not meeting pre-sale expectations was the “Historic Pink." The 8.72-carat fancy vivid pink diamond sold for $15.9 million, below its pre-sale high estimate of $18 million.
David Bennett, worldwide chairman of Sotheby’s international jewelry division had this to say about the sale: 
“(The) record result is the reflection of outstanding quality of the pieces in the sale across the board,...The galleries have been brimming with collectors during our worldwide exhibitions, and this translated into lively bidding throughout the sale … with truly global demand for the finest diamonds, gemstones and signed pieces of the very highest order.”

The entirety of the auction results can be viewed at Sotheby's 

The “Ultimate Emerald-cut Eiamond" Fetches More than $22 million

An anonymous buyer who called in their bid became the owner of one impressive diamonds, a 100.2-carat, internally flawless, D color Type IIa diamond. The diamond sold for $22.1 million at Sotheby’s New York jewelry sale on April 21, falling slightly short of its highest pre-sale estimate, $25 million.
The hundred-carat stunner led Tuesday’s Magnificent Jewels sale and was one-third of the auction’s $65.1 million total, a new record for Sotheby’s in New York.
According to Sotheby’s, the stone is the largest “perfect” diamond with a classic emerald cut ever sold at auction and the first 100-carat-plus perfect diamond sold at an auction held in New York. The $22 million paid for it is a record for a colorless diamond auctioned in New York.

Kathleen Marino M.A, G.G., AJP, NAJA

Sotheby's Breaks Record with 9.75 carat Blue Diamond

                       © Sothebys

On Nov. 20 a 9.75 ct fancy vivid blue pear-shaped diamond hit the auction block at Sotheby's New York. A frenzied 20 minute bidding war between seven people ensued ending with the stone fetching $3.3 million a carat ($32.6 million total), setting a new record for any diamond's per-carat price sold at auction. 
The price tops the 14.82 carat vivid orange sold by Christie's in Geneva which sold at $2.3 million a carat ($35.5 million total). The diamond has also set a record as the most expensive diamond ever, a spot previously held by the Wittlesbach-Gaff  sold in 2008.
The blue has been dubbed "The Zoe" by its current owner, A Hong Kong collector who remains anonymous. 

The Blue Belle of Asia

The Blue Belle of Asia Sold by Christie's Geneva

The Christie's November 11th auction shatters the world record for any sapphire sold at an auction with  the Blue Belle of Asia fetching a staggering US$17.7 million.  
The 392.52 carats cushion-cut Ceylon sapphire is the world’s fourth largest faceted blue sapphire and was listed as the second most expensive lot at the sale (estimate $6.9 – 9.9 million), however it soon outperformed the highest estimated lot, colored diamond and diamond ear pendants by Bulgari.  
The enormous blue sapphire has a provenance dating back to 1937. This is an even larger landmark notice as this was also the first time that a blue sapphire or a colored gemstone lot had been at the top of a public auction and outperformed diamond containing lots.

The record breaking Blue Belle of Asia sold by Christie's