101ct diamond breaks $26.7m world auction record

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D colour flawless Winston Legacy stone sold at Christie’s Geneva.

Christie’s Geneva has sold a D colour, flawless pear-shaped 101.73ct diamond for a total US$26.7 million (£17.5m), setting a world record for a colourless diamond sold at auction.

The stone was sold at the auction house’s May sale of Magnificent Jewels, which itself broke the record for the highest result ever for various-owned jewellery at auction at Christie’s. The sale totalled US$102.1 million (£67m). In total, 86% was sold by lot and 93% by value.

Overall 20 lots sold for more than $1 million (£656,681) with 147 buyers attending the sale from 31 countries across five continents.

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The newly-named Winston Legacy stone, a 101.73 carat flawless diamond, was the star of the show. It was purchased by the Swatch Group-owned high jewellery brand Harry Winston, setting a new world record at auction for a colourless diamond.

Rahul Kadakia, head of jewellery for Christie’s Switzerland and Americas, said: “Harry Winston acquired the most perfect diamond ever offered for sale at auction, the Winston Legacy, continuing the tradition of buying and selling only the very best, a trait of the founder Mr. Winston himself.

"World record prices were set for diamonds, pearls and sapphires, thereby firmly establishing the international appetite for the most beautiful gems and jewels in a record-breaking $102 million auction at Christie’s Geneva”.

A cushion-shaped Kashmir sapphire of 19.88 carats sold for US$3.48 million (£2.29m), making a world auction record per carat for a sapphire at auction.

A single strand natural pearl necklace went under the hammer for US$8.45 million (£5.55m), similarly setting a world record at auction for a single strand natural pearl necklace.

Coloured diamonds were also highlighted in the May sale, with a fancy red VS2 diamond weighing 1.92cts sold for US$3.25 million (£2.13m), setting the world record price for a red diamond at auction.
 

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