Wed, 14 May 2014

Sotheby’s Geneva Jewelry Auction Achieves $141.5 Million, Sets New World Record


By Erika Winters

100.09-carat Graff Vivid Yellow diamond • Sotheby's

The 100.09-carat “Graff Vivid Yellow” diamond fetched $16.3 million at Sotheby’s Geneva. Image: Sotheby’s

Sotheby’s Geneva set a new world record for a jewelry auction at its Magnificent Jewels & Noble Jewels sale on May 13–with sales totaling a staggering $141.5 million. The auction–which surpassed Christie’s previous world record sale of Elizabeth Taylor’s jewelry collection in 2011–established a total of seven new world auction records.

Leading the sale: The incredible 100.09-carat “Graff Vivid Yellow” diamond sold for $16.3 million, setting a new world record for a yellow diamond. The fancy vivid yellow cushion-cut diamond surpassed the previous world record of $12.4 million established by the sale of the “Sun Drop” diamond–later renamed the “Lady Dalal”–at Sotheby’s Geneva in November 2011. The “Graff Vivid Yellow” also set a new world record for any Graff jewel sold at auction.

“100 carats is a magical number when it comes to diamonds. With its exceptional size and a superb daffodil colour, the Graff Vivid Yellow is a truly extraordinary diamond with immense presence,” said David Bennett, chairman of Sotheby’s jewelry department for Europe and the Middle East.

100.09-carat Graff Vivid Yellow diamond • Sotheby's

Sotheby’s sale of “Graff Vivid Yellow” broke two world auction records. Image: Sotheby’s

Seven new world records established at Sotheby’s Geneva:

World auction record price per carat for a round colorless diamond at $246,710

• Important diamond ring weighing 25.32 carats, D Color, Internally Flawless, Type IIa (lot 487) –
Sold for CHF 5,541,000 ($6,246,702) – $246,710 per carat

• Previous record set by a 28.86 carat brilliant-cut diamond, D color, Flawless –
Sold for $6,907,692 ($239,352 per carat) at Sotheby’s Hong Kong in April 2014

World auction record for a yellow diamond

• The “Graff Vivid Yellow,” a cushion-shaped Fancy Vivid Yellow diamond, weighing 100.09 carats, VS2 Clarity (lot 507) –
Sold for CHF 14,501,000 ($16,347,847)

• Previous record set by the Sun-Drop diamond (renamed “The Lady Dalal”) – a fancy vivid yellow pear-shaped diamond weighing 110.03 carats –
Sold for CHF 11,282,500 ($12,361,558) – $112,347 per carat at Sotheby’s Geneva in November 2011

World auction record for a jewel by Graff

• The “Graff Vivid Yellow,” a cushion-shaped Fancy Vivid Yellow diamond, weighing 100.09 carats, VS2 Clarity (lot 507) – Sold for CHF 14,501,000 ($16,347,847)

• Previous record set by a 5.00 carat cushion-shaped Fancy Vivid Pink ring by Graff –
Sold for HK$83,540,000 ($10,776,660) – $2,155,332 per carat at Christie’s Hong Kong in December 2009

World auction record price per carat for a Fancy Pink diamond at $601,228

• Very Fine Fancy Pink diamond ring, weighing 12.07 carats, Internally Flawless (lot 522) –
Sold for CHF 6,437,000 ($7,256,816) – $601,228 per carat to David Morrison, London Jeweller

• Previous record set by a 8.59 carat a Fancy Pink diamond ring by JAR –
Sold for HK$ 27,540,000 ($3,571,938) – $415,825 per carat at Christie’s Hong Kong in November 2012

World auction record price per carat for a Fancy Light Pink diamond at $393.071

• Fine Fancy Light Pink diamond ring, weighing 10.11 carats, VS2 Clarity (lot 525) –
Sold for Sold for CHF 3,525,000 ($3,973,944) – $393.071 per carat

• Previous record set by an unmounted 5.08 carat brilliant-cut Fancy Light Pink diamond
Sold for $280,807 per carat at Sotheby’s New York in November 2012

World record for a various owner jewelry sale at $143,135,770

• Previous record at $111,836,526 set by Sotheby’s Geneva in May 2012

World record for a jewelry sale at $143,135,770

• Previous record: $137,235,675 set by the Elizabeth Taylor sale at Christie’s in December 2011

12.07-carat fancy pink diamond • Sotheby's

This 12.07-carat fancy pink diamond ring sold for $7.3 million ($601,228 per carat) setting a new world record price-per-carat for a fancy pink diamond sold at auction. Image: Sotheby’s

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