Pictured above: The 14.62 Carat Oppenheimer Blue Diamond
Pictured above:The 5 carat Fancy vivid Pink Diamond bought by Graff
I cannot fathom diamonds of such magnitude being sold today in a live auction with hundred bidders present in the auction hall.
In May 2013 a 74.53 carat Fancy Yellow was sold at auction for US $40,061 dollars per carat, so how can a 100 carat Intense Yellow sell today for US $35,000? People don’t look at the details as they may get to the wrong conclusion that the price is reflected by the auctions if the market price for top stones. That is not correct
Since 2018 the market and trends turned around. Auction houses look in all directions and try to create revenue. This is what brings prices down.
You may ask how it happened? Auction houses are listing mostly mediocre goods, these goods are not attractive to top collectors, but they still sell at least some of the items. When I look at the prices of the last auction in Geneva, I cannot detect a single top quality stone, most of the goods are an attempt to create low numbers for medium quality goods.
The auction houses assume that the market is in a low value mood and collectors are looking for cheap stones only. The perception is partially correct, good market auctions drive the prices up but in sluggish markets auctions increase the weakness of the market.
104.04 carat Fancy Intense Yellow PS IF an odd shape stone with 75 % dept sold for US $35,820 per carat. A stone of that shape and make would never reach the auction block 10 years ago, but today the auction aimed to customers who wanted to own a 100 carat intense yellow diamond at a discount price, you get what you paid for.
Pictured above: 104.04 carat Fancy Intense Yellow Diamond sold at Christie’s, Geneva in 2020
Leibish is a virtual brand selling the finest fancy color diamonds and gemstones mostly online.
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