Christies auctions record breaking fancy vivid pink diamond
One of the highlights of my week is opening up the industry news and feasting my eyes upon spectacular gems like this 16.08 carat, fancy vivid pink, cushion cut diamond that is coming up for auction at Christie’s Geneva in November 2015. The diamond is reportedly the largest of its kind to ever be offered at auction, and has an estimated value of $23-28 million U.S. dollars. This stunning fancy vivid pink diamond is set in a ring containing a double halo of white pave set diamonds. The term pave is used to describe a setting style where the multitude of diamonds set in the ring resemble the cobblestone streets of Europe, a ring paved with diamonds.
The last time Christie’s had a fancy vivid pink diamond similar to this was 2009, when Christie’s Hong Kong sold “The Vivid Pink” cushion shaped diamond weighing 5.00 carats, for $2.16 million per carat, which the auctioneer said is still the world auction record price per carat for any pink diamond.
On the wholesale side of the diamond business, diamonds are valued by Price Per Carat (PPC) so when Christie’s reports that “The Vivid Pink” diamond sold for $2.16 million per carat, they’re really saying that it sold for $10.8 million dollars.
Rahul Kadakia, international head of the jewelry division for Christie’s, said that this diamond has come to market “at a time when great gems are mirroring prices achieved for masterpieces in the world of fine art. Collectors are looking to jewels as savvy investments that are both beautiful and can appreciate considerably in value over a relatively short period of time.”
The auctioneer said the stone shows no trace of secondary color, “making it both attractive and exceptionally rare.” It should look absolutely stunning set in that platinum halo setting! I wish I could be at the inaugural Magnificent Jewels auction which is going to be held in Geneva this November, it will be quite the event!
Different ways to Think Pink diamonds:
Obviously very few people have millions of dollars to spend on fancy vivid pink diamonds, however there are different ways to think pink and use pink diamonds or even pink rose gold to create a unique impression with your diamond jewelry. For instance, you could add pink diamonds or pink sapphires to a halo setting custom designed by Brian Gavin. While the cost of pink diamonds is still higher than the price of white diamonds, the cost of smaller pinks is more affordable than larger pink diamonds. You could also have the ring made in 18k rose gold, which is an even more affordable option since the color of the gold is changed by simply changing the mixture of alloys that is mixed with yellow gold to create the pink color.
If you really want to add a fancy vivid pink diamond to your jewelry collection, search our inventory of fancy color diamonds. At present we have a 0.11 carat, fancy vivid purplish-pink cushion cut diamond that is selling for around $11k, and you don’t even have to tire out your arms raising that auction paddle!
Photo credit: Christie’s
