Big Diamonds Dominate Spring Precious Jewelry Public Auctions

After the first team of crucial fashion jewelry public auctions last month, the springtime public auction period appeared to be on rough ground heading into the May sales. Nevertheless, the failed sale of the Shirley Holy place Blue ruby back in April not did anything to stop the record-making prices brought by the Oppenheimer, the Unique Pink and also more crucial diamonds headlining the May public auctions.

The Oppenheimer Diamond - 14.62 carat Fancy Vivid Blue diamond, the largest Fancy Vivid blue ever to come to auction, sold at Christie's Geneva for $57.5 million

The Oppenheimer Ruby– 14.62 carat weight Fancy Vivid Blue diamond, the biggest Fancy Vivid blue ever ahead to auction, cost Christie’s Geneva for $57.5 million

The expression ‘when it rainfalls, it puts’ is uncannily proper when it comes to blue diamonds at auction lately. Nearly every crucial jewelry sale this spring has actually included a rare blue diamond, or 2: Sotheby’s Hong Kong sold the De Beers Turn Of The Century Gem 4, a 10.10-carat inside remarkable Fancy Vivid blue diamond, for $31.8 million on April 5; the Shirley Holy Place Blue Ruby at Sotheby’s New york city that cannot reach its $25 million low price quote; the 14.62-carat Oppenheimer Blue diamond at Christie’s Geneva, cost a document $57.5 million; as well as, at Sotheby’s Geneva, a 7.32-carat internally perfect Fancy Vivid blue ruby brought $17.1 million while a Fancy Intense blue diamond brooch, by Alexander Reza, brought in $13.6 million.

After all these unmatched sales of expensive blue rubies, there is still one even more left for the unfortunate underbidders. Christie’s New york city lately introduced it will certainly be marketing The Cullinan Dream, the biggest Fancy Intense Blue diamond at public auction, evaluating 24.18 carat weights, in its Magnificent Jewels sale in June.

The Cullinan Dream - the largest Fancy Intense blue diamond ever offered at auction is estimated to fetch $23 to $29 million at Christie's New York in June

The Cullinan Dream– the biggest Fancy Intense blue ruby ever used at public auction is approximated to fetch $23 to $29 million at Christie’s New York in June

Document Breakers

On Could 18th, Sotheby’s Geneva Magnificent Jewels and Noble Jewels sale confirmed immensely effective. With 83 percent sold by whole lot, the 488-lot auction realized $175.1 million in complete– establishing a brand-new globe record for any fashion jewelry sale. That huge number was greatly owed to the $31.5 million rate brought by the One-of-a-kind Pink diamond, a pear-shaped Fancy Vivid pink of 15.38 carats, VVS2 quality, Kind IIa. The sale was packed with a number of essential tinted rubies, including the elegant blues pointed out previously. Three whole lots cost over $10 million while six whole lots realized costs over $5 million.

The Unique Pink - a 15.38-carat pear-shaped Fancy Vivid pink diamond that sold for $31.56 million at Sotheby's Geneva

The Distinct Pink– a 15.38-carat pear-shaped Fancy Vivid pink ruby that cost $31.56 million at Sotheby’s Geneva

The following day, Christie’s Geneva responded to back with gusto through the Oppenheimer Blue ruby. After fierce bidding consumed the room for a nail-biting 25 mins, the gavel lastly succumbed to the jaw-dropping sale rate of $57.5 million. The impressive amount immediately established a new globe record for any gem cost auction, besting the Blue Moon that offered at Sotheby’s in November in 2014 for $48.5 million. The auction all at once created solid results with 86 percent offered by great deal and 93 percent marketed by value.

The Oppenheimer Blue Diamond

The Oppenheimer Blue Diamond

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