Diamonds Command Top Dollar At Christie’s Geneva Auction; Total Sales $42.5 Million

Indian jewellery magazine

Christie’s Magnificent Jewels sale in Geneva realised a total of $42,505,669 and achieved sell-through rates of 88% by value and 80% by lot.

Coloured and colourless diamonds remained the attraction with the international clients, joining from four continents, mainly by phone and online. The room – restricted to 100 visitors- was active and several lots sold to the room.

The top lot of the sale was an exceptional diamond ring by Reza made of a fancy vivid blue IF diamond of 5.34 carats and a D-colour, IF diamond of 5.37 carats, selling for $9,254,595. Israel-based jewellery company Moussaieff acquired a rare and unusual, 100.85-carat D colour, IF diamond for $5.96 million.

Also part of the sale were a pair of magical cabochon aquamarine and single-cut diamond earrings signed Margaret Jewels, a Geneva-based private jeweller, sold to benefit the Swiss foundation Children’s Action. The sum of $26,884 will be donated in its entirety to benefit the foundation’s mission to help children and young people across the world.

Caption: The fancy vivid blue pear modified brilliant-cut diamond of 5.34 carats, pear brilliant-cut diamond of 5.37 carats, set in a platinum ring, signed A. Reza, fetched $9.2 million.

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