Rapaport, December 2, 2009: Big Vivid Pink and Fancy Yellow Diamonds From Christie's

RAPAPORT...

Watch how jewelry and retail sales in general performed for Black Friday and Cyber Monday in the U.S. compared with the same period in 2008. At Christie's Hong Kong, a vivid pink diamond ring from Graff fetched $10,776,660 or $2,155,332 per carat, against a presale estimate of $5.1 million to $7.13 million. The ring was set with a 5-carat, cushion-shaped, type IIa fancy vivid pink diamond, which was flanked on either side by a shield-shaped diamond mounted in platinum and 18-karat rose gold.

Another Graff ring fetched $1,537,355 at the Christie's sale, which was slightly higher than its top presale estimate of $1.2 million. The 9.03-carat diamond ring was set with an oval-shaped, fancy vivid yellow diamond flanked on either side by a pear-shaped diamond and mounted in platinum and yellow gold. The GIA graded this diamond as a type Ia, fancy vivid yellow, natural color with VVS1 clarity.

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• hong
• kong
• diamonds
• jewelry
• christie's
• pink
• diamond
• yellow
• fancy
• ring
• graff
• retail
• sales
• thanksgiving
• black
• friday

[ragemanchoo82]

The pink diamond surprised me. I remember it was just a few years ago that Jennifer Lopez's 6.10-carat pink radiant cut was in the news. It wasn't a vivid pink, though. I seem to recall it had a purple overtone? Anyone else remember? She sold the ring back to Harry Winston after she broke up with Ben Affleck.