Despite the Passover/Easter holiday week timing, the salesroom at the Christie’s April New York Sale of Magnificent Jewels was filled with buyers from the 47th Street trade, dealers from Europe who come over regularly for the auctions and a handful of privates. The top lot of the sale was a pair of earrings with two D Flawless (D, FL) diamonds weighing 22.60 carats and 22.31 carats. The earrings were sold for $8,56 million to a trader from the Middle East.
Both colored diamonds as well as colored gemstones did well at this sale as demand was there and prices were strong. Shailesh Jhalani, CEO and president of Prompt Gem Importers, noted that the sale was mixed. “Colored stones and colored diamonds sold strongly. Greens, blues and pinks were strong. Yellow is soft. White diamonds in the midrange were soft, but D, IF diamonds were strong.”
Purchased by an anonymous buyer, a Rectangular Cut 6.10-carat fancy intense pink diamond ring was one of the highlights of the collection and one of the strong points of the entire sale, landing the number three spot in the top ten at $5,76 million. Dealers were also enthralled by a 3.6 carat Square Cut fancy intense green diamond. The stone was lively with a very unusual bright green color and sold for $1,2 million.