Christie's NY Does it Again

 

This week at the Christie’s NY auction, the 3 items I reviewed recently, have performed as predicted.

The first item was the 5.29 carat Fancy Intense Purplish Pink. It was valued at between $3.5-$5 million, and ended up selling higher than the high end of the spectrum and closed for $5,765,000 or just under $1.1 million per carat.

 

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This 6.54 ct Fancy Intense Pink IF clarity diamond was sold by Sotheby’s NY sold on December 5, 2012 and is the current record holder for this sub-category at $1.3 million per carat. There is a good reason for it, it is extremely rare with its Internally Flawless clarity.

This diamond, a 5.29 ct Fancy Intense Pink diamond with VS2 clarity was sold at Sotheby’s in Geneva, which has the same weight, and clarity as our current stone, sold in 2009 for a mere $387k per carat. This makes for a 180% increase in value in under 6 years.

The 5.04 carat, round Fancy Gray Blue sold for $2,285,000 or $453k per carat. A fantastic valuation; this item sold at the top 91% percentile of its estimate prediction.


The last item was the 6.57 carat Fancy Purplish Pink. It sold for $1.205 million placing it in the lower end of the valuation ($1.2-$1.5m), but is still a fantastic value for your investment dollars.

The last item worth mentioning, simply because it broke a record, is the 4 strand pearl necklace that went under the hammer. It was estimated to sell between $3.8 million and $4.5 million, and ended up selling for $5.093 million, making it a record price for a pearl necklace.

Are you intrigued by these auction results as well? Ask us in the comments!

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