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37.16-Carat Diamond Sells for $4.45 Million at Christie's Auction


Post Date: 15 Apr 2011    Viewed: 442

Christie’s announced it sold $31.8 million at its Magnificent Jewels in New York auction yesterday.


In a statement, Christie’s said the sale totalled $31,792,875 and was 80% sold by lot, 71% by value.


The top lot was a rectangular-cut D-color, internally flawless diamond of 37.16 carats, which sold for $4,450,500 to a private collector, it said.


“While we were disappointed that the 10-carat purple-pink diamond did not find a buyer, top-quality white, blue, pink and yellow diamonds fared very well, with a strong price of $3.67 million, or $1.1 million per carat achieved for a Fancy Vivid blue diamond,” said Rahul Kadakia, Head of Jewelry for Christie’s Americas.


“In all, five jewels exceeded the $1 million mark, with heavy competition among both trade buyers and private collectors for colorless diamonds, large gemstones, and signed jewels,” he said.


 


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