WORLD AUCTION RECORDS FOR FANCY COLOR DIAMONDS

A few sensational Natural Fancy Color diamond auctions were conducted in 2015, making headlines across the world’s media. These exceptional diamonds sold for record prices, positioning Natural Fancy Color Diamond in a league of their own. Here are a few of them:

THE BLUE MOON

The blue moon, a cushion-shaped, fancy vivid blue, internally flawless, type IIb diamond weighing 12.03 carats has eclipsed any previous records by selling for an astronomical $48,468,158, which at $4,028,941 per carat is a new world auction record price for any diamond of any color or any gemstone, as well as a new auction record price-per-carat for any diamond or any gemstone and also an auction record for any jewel.

In a room filled with trade, private and media spectators, two telephone bidders dueled during eight intense minutes before the hammer eventually went down on the blue diamond to enthusiastic applause. When Sotheby’s revealed that the anonymous Hong Kong buyer had immediately renamed the diamond The Blue Moon of Josephine, it became clear to the media that the buyer may have been the same one who had purchased the top lot at Christie’s the previous night. A few hours later, a spokeswoman for property tycoon Joseph Lau confirmed to several media organizations that Lau was, in fact, the buyer of both diamonds, and that he had renamed them for his seven-year-old daughter. However, neither auction house would confirm that Lau was the buyer.

SWEET JOSEPHINE

A 16.08-carat cushion-shaped fancy vivid pink diamond sold for more than $28.5 million, setting a new auction record for any vivid pink diamond at Christie’s Geneva Magnificent Jewels sale in November 2015.

It was the largest cushion-shaped vivid pink to be offered at auction, Christie’s said.The gem was purchased by a private Asian buyer, who named it “Sweet Josephine,” the auction house said. It sold just above its high estimate of $28 million. The diamond is set as a ring, with a double row of pavé-set white diamonds that surround the main stone, and a third row of small pink diamonds underneath. The band is comprised of small circular-cut white diamonds set in platinum.

THE UNIQUE PINK

An extremely rare 15.38 carat pear-shaped pink diamond — called the ‘Unique Pink’ — sold for $31.6 million at Sotheby’s in Geneva on November 2015, making it the most expensive fancy vivid pink diamond ever to sell at auction.

It was the star lot at the saleroom’s semi-annual auction in Geneva, with a pre-sale estimate of $28 million-$38 million.

“The Unique Pink set a new world record for a fancy vivid pink diamond … It’s the highest price ever paid for a fancy vivid pink diamond,” David Bennett, worldwide chairman of Sotheby’s international jewellery division, told reporters.

The “Sweet Josephine”, a fancy vivid pink diamond weighing 16.08 carats, held the previous record since selling for $28.5 million at rival Christie’s in November, and still retains the price per carat record in the category.

75-CARAT YELLOW DIAMOND

A 75.56-carat cushion modified brilliant-cut Fancy Vivid yellow diamond ring sold for $3.6 million October 2015 at Christie’s New York Important Jewels auction. It sold within its $3 to $4 million estimate.

The yellow diamond ring fetched this amazing amount due to the fact that colored diamonds are extremely rare. Especially for this diamond size (75.56) carat and intense color (vivid). The expectations of the experts were quite close to the outcome since the diamond was estimated around 3 to 4 million USD.

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