One more extraordinary fancy-colored diamond has entered the auction market this year, a 13.15-carat Fancy Vivid pink diamond that will likely be the top lot at Christie's New York Magnificent Jewels sale on December 6. It is estimated to be between $25 and $35 million. The gem was discovered just over a week ago, according to jewellery specialist Jacqueline DiSante, Christie's associate VP, on Friday.
According to DiSante, most pink diamonds have a colour modifier such as purple, orange, brown, or grey. This gem, on the other hand, has no trace of a secondary color, making it more appealing to collectors. She claims that Christie's hasn't seen a pink diamond of this calibre since the "Winston Pink Legacy," an 18.96-carat Fancy Vivid pink diamond that fetched more than $50.3 million at Christie's Geneva auction in 2018. "Such a large diamond in a fancy vivid pink without a modified colour places it in a high-ranking position in the auction market," says DiSante.
Furthermore, DiSante observes that the form of huge fancy-colored diamonds is virtually always altered in order to enhance their colour. This stone has retained its outstanding colour saturation while being cut in a typical and popular emerald-step form. "I believe it is incomparable to other fancy vivid pink diamonds of this size because it is a step cut in which the colour speaks for itself without the need for a modified cut to enhance the color." The fact that this stone is a VVS1 with the potential for internal flawlessness makes it absolutely incredible."
This year's demand for rare fancy pink diamonds has been robust. DiSante believes previous high-profile purchases persuaded the pink diamond's owner, who wanted anonymity, to put it up for auction. "I believe the market for fancy coloured and colourless diamonds has a lot of momentum this year," she says. "I believe that is why the collector decided to sell within the last few days." These stones are attractive and unusual, attracting the attention of many customers."
According to Christie's, this fancy vivid pink diamond set on a ring "is a phenomenon in the world of rare diamonds," noting that only about 10% of pink diamonds weigh more than a fifth of a carat. "With its extraordinary weight of 13.15 carats, this Fancy Vivid pink diamond ring ranks as one of the most significant coloured diamonds ever to appear on the market," according to the auction house.
The Magnificent Jewels sale on December 6th will also feature a selection of colourless diamonds, colourful stones, and jewels from private collections with significant provenance and historical significance. Jewels from the Georgian and Art Deco periods, as well as modern jewellery artists, are included, as are signature pieces from renowned jewellery firms such as Bulgari, Cartier, David Webb, and Van Cleef & Arpels.