The recent auction showed that diamonds are still an awesome investment asset.
This June, Christie’s auction made an impossible: it sold the most expensive diamond ever! With the estimate between $1,000,000 and $2,000,000, the spectacular 28.86-carat Type IIa D-color diamond ring received 31 bids and was sold for $2,115,000! That’s the highest price for the online sale even paid.
Indeed, this is one of several loud sales at Christie’s this year. Previously, $9.2 million became the Reza ring price. The piece of jewelry features a 5.34-carat blue diamond and a 5.37 D-color diamond. Also, a diamond necklace was sold for $6.3 million in New York. Other exemplar diamonds were sold in Hong Kong this July. The lots include a 5.04-carat fancy blue diamond ring for $10.5 million and a 4.49-carat IF fancy pink diamond ring for $8.1 million. One of the diamonds was sold for $15.9 million in that auction, even though its estimate was between $8,000,000 and $12,000,000.
In 2020, diamonds are doing well. And online auctions, along with online engagements, reveal themselves as a steadily developing trend. Get ready: they will shape the future of the diamond trade in the global pandemic situation.