Thursday, May 8, 2014

Christie's - Geneva Magnificent Jewels, May 14, 2014

post by Christine Webb

Well the buzz in the jewelry world is all about the upcoming Christie's auction in Geneva on May 14, 2014.  The Magnificent Jewels sale will be memorable I'm sure, as recent auctions have achieved record breaking prices for fine gems and jewelry.  This auction is creating excitement as several very important diamonds will be on the block.

The Blue, as it is being called, is the largest flawless fancy vivid blue diamond in the world!  At 13.22ct with excellent symmetry and polish, this pear-shaped diamond is set in a ring, flanked on either side by a pear-shaped diamond, each weighing approximately 1ct, D in color and internally flawless.  The estimate is $22,000,000-25,000,000!  Not only rare beyond belief, but just astonishingly gorgeous.

The price realized was $23,795,372!  It was named The Winston Blue by Nayla Hayek, CEO of Harry Winston who acquired the gem.  "In January we (Swatch Group) purchased Harry Winston and since then my ambition has been to acquire the most desirable and unique gems.  When Christie's announced they were offering the largest flawless fancy-vivid blue that the GIA had ever graded, I had to buy it.  Today, I am proud to own the most beautiful blue diamond in the world: THE WINSTON BLUE," said Nayla Hayek.  Well, I'm still partial to the Hope Diamond - but I'd love to see this beauty up close - I'm sure it's magnificent!

Another important fancy colored diamond will also be featured during the sale.  The Ocean Dream, a fancy vivid blue-green diamond weighing 5.50ct is triangular cut and the largest diamond of this color graded by the GIA to date.  The Ocean Dream was also a part of the Splendor of Diamonds  exhibit at the Smithsonian's National Museum of Natural History in 2003, where seven rare and valuable diamonds were displayed together for the first and only time.  I had the opportunity to examine the diamonds up close - a once in a lifetime experience! The Ocean Dream has an estimate of $7,500,000-9,500,000.

The price realized, and world auction record for a blue-green diamond, was $8,781,637.

The Rajah Diamond, is an old-mine brilliant cut diamond, weighing 26.14ct, set in a Tiffany & Co. platinum ring.  This diamond has wonderful provenance and is believed to have originated from the famous mines of Golconda, India.  It is estimated to bring $3,000,000-5,000,000.

The price realized for this spectacular Golconda diamond - $4,104,719.

This Belle Epoque diamond Devant-de-Corsage Brooch was designed by Cartier in 1912. The pendant features a pear shaped diamond weighing 34.08ct, an oval shaped diamond weighing 23.55ct and a marquise shaped diamond weighing 6.51ct, enhanced by diamond encrusted lily-of-the-valley links set in platinum. This amazing jewel is estimated to go for $7,000,000-12,000,000.

The price realized for this Belle Epoque Diamond brooch was $17,882,669!  Way above the estimate.