A marquise-cut, Fancy Vivid Blue, Diamond Fetched $11.8 million at Christie’s Auction!
A marquise-cut, 4.29-carat, fancy vivid blue, internally flawless diamond ring fetched $11.8 million at CHRISTIE”S Magnificent Jewels sale in November 2016. That is a price tag of $2.7 million per carat.
Set with a marquise-cut fancy vivid blue diamond, weighing approximately 4.29 carats, flanked by triangular-shaped diamonds, mounted in platinum, ring size 5. Signed Moussaieff. Accompanied with a GIA certificate #15624930 and a supplemental letter stating that the diamond is a Type 2b. Type 2b diamonds are very rare and contain small amount of Boron that give them a blue or gray color.
“Once again at Christie’s Hong Kong, Asian collectors and members of the trade showed great confidence for rare and important gemstones,” said Vickie Sek, deputy chairman for Asia and director of Christie’s Asia jewelry department. “The sale room was packed all day long with spirited bidding for colorless diamonds, colored gemstones and important jadeite jewelry.” (Rapaport)
The core buyers in the natural fancy color market are investors, collectors and multiple diamond owners in the United States, Asia and Europe. Pinks, blues, greens and reds are generally affordable only by the highest-end buyers who are less affected by economic downturns.
The ultimate price of a fancy color diamond is determined by supply, cost of rough, demand and intensity of color and clarity. Fancy color prices have steadily risen in recent years, along with a marked decline in the supply of natural fancy colors. There are only a handful of companies dedicated to fancy colors, as it is highly specialized and requires players with higher capital capacities for sourcing, in addition to expertise in cutting and marketing. (Rapaport)
Looking to the future, fancy color dealers anticipate increased demand and higher prices for fancy colors as natural resources are depleted and consumers become more aware of the unique beauty and value of the fancy color diamond.