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Christie’s Jewels: The Geneva Sales achieves sales worth $32,281,500
The sale set a record price for chameleon diamonds at an auction
By: Diamond World News Service
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Nov 21 2009 1:35PM
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Reference: 4394  

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Christie’s Jewels: The Geneva Sales which took place on November 18, 2009, achieved sales worth $32,281,500. It was 82 percent sold by lot, reports say. The outcome of the sale indicated a return of consumer enthusiasm and market recovery, reports say. The highlight of the sale was a 62.30 ct pear-shaped D Flawless diamond (Type IIa) $130,000 per ct, bought for $ 8,051,000 by Aleks Paul Essex Global Trading NY. Jean-Marc Lunel, Head of the Sale: at Christie’s said, “With $70 million of jewellery changing hands in two days at the Geneva auctions, the star lot of the week at Christie’s was an exceptional D Flawless diamond of 62.30 cts purchased by Aleks Paul of Essex Global Trading for $ 8,051,000. This shows the clear resurgence of the jewellery market and we look forward to exciting sales in Hong Kong, New York and London in early December.”

Breaking another record at the action was a 19.13 ct briolette-cut fancy grayish yellowish green “Chameleon” diamond pendant necklace, which sold for $987,000, setting a record price for a chameleon at auction.

The top three lots included - the 62.30 ct pear-shaped D Flawless diamond, a3.30-carat, rectangular-cut, fancy intense blue and a 3.90-carat, E, VS2 diamond ring created by Wolfers and bought for $2,675,000 and the third being a fancy vivid, fancy intense and fancy blue diamond clasp bought for $2,675,000. All the three lots were bought at prices above their presale estimates.

Some other prominent lots that were sold include a 24.92-carat, pear-shaped, light blue, type IIb, VVS2 diamond ring, mounted by Cartier. It was bought for $1,555,000. A 13.91 ct oval-shaped D, VVS2 diamond ring sold for $1,203,000. A 7.03 ct oval-shaped Burmese ruby and diamond ring, crafted by Graff sold for $1,131,000, which was a little over its presale estimate. A 65.20 ct cushion-shaped fancy intense yellow, VS2 diamond pendant sold for $1,035,000.A 4.42 ct square-cut fancy intense green, VS2 diamond ring selling for $ 783,000 and a 21.54 ct rectangular-cut fancy vivid yellow, VS1 diamond ring bought for $ 675,000.

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