One of the highlights at Christie’s forthcoming Magnificent Jewels Auction in New York, April 12, is a 10.09 Carats Fancy Vivid Purple-Pink Cushion-Cut Diamond Ring carrying a presale estimate of $12 million to $15 million.
Rahul Kadakia, head of jewelry at Christie’s New York, stated, ‘Collector demand for large colored diamonds has never been stronger, especially where pink diamonds of this size and quality are concerned. In all my years at Christie’s, I have never seen such vivid color in a stone of this size.‘ He added, ‘At Christie’s New York this past December, jewelry collectors competed for a 6.89 carat fancy vivid purplish-pink diamond, which ultimately sold for $6.9 million or $1 million per carat. This larger stone, with its richer, deeper hue of pink and electrifying purple tone is positioned to become one of this season’s top-selling diamonds.
The record for pink diamonds belongs to a 24.78 carat stone which sold for $46 million at Sotheby’s last year.