Christie’s New York says private collectors market is still strong.
The Vivid Yellow, a 32.77cts natural yellow diamond, was sold at auction by Christie’s New York yesterday, achieving $6.6m (£4.1m).
Of the 335 lots offered, 277 sold (83%), with other items in the auction selling for several million dollars, including a 25.74cts oval diamond Graff ring and a vivid blue pear-shaped diamond of 3.21cts.
Rahul Kadakia, head of jewellery at Christie’s New York said: “Despite recent volatility in the financial markets, the jewellery world continues to hold strong with active participation from top private collectors and members of the trade for superb gems and jewels.
“At $201,000 (£127,251) per carat, the 32.77cts Vivid Yellow diamond achieved a sensational price, mirroring the $203,000 (£128,456) per ct realized by The Golden Drop of 18.49cts at Christie’s London back in 1990. Having set the stage for our fall season, we look forward to our November 16 jewellery auction in Geneva.”
The ring was bought by an anonymous bidder, with three other private sales in the auction.
The yellow hue of pear-shaped diamond is so intense that the Gemological Institute of America (GIA) ranks it amongst the rarest of gemstones in its class.