Christie’s Geneva Magnificent Jewels Will Feature Extremely Rare Red Diamond

On November 10, 2020 Christie’s will have its annual auction in Geneva, but obviously with a few changes. This year, due to the Coronavirus, the Geneva auction will mostly occur via the online platform except for the evening session which will be live. The room will mostly be empty due to the traveling restrictions.

There are a handful of rare and unique Fancy Color Diamonds which will be offered, Below we are reviewing them all.

An extremely superb and rare 28.88 carat, Fancy Vivid Yellow diamond with VVS2 clarity (GIA 2185871778) will be offered. What makes this Fancy Vivid Yellow more rare or any different than many others that have been offered and that were also rare? The valuation! Christie’s is offering this diamond with a valuation between $2.56 million to $3.6 million. The low valuation is almost $100k per carat which signals that this diamond has an extremely strong saturation. Normally these diamonds are also referred to as Zimmi, from the Zimmi area in Sierra Leone. These rare yellow diamonds that have unique saturation and may reach in value even above $200k per carat. They are a class of their own. A recent such diamond was the 20.49 carat Fancy Vivid Yellow diamond that sold during a Christie’s Geneva auction back in May, 2018. It was sold for a world record price of $267.8k per carat.

An extremely rare 1.05 carat, Fancy Purplish Red diamond with a VS2 clarity is being offered. It is being valued between $1.25 million to $1.85 million. The value is quite low considering that current red diamond of such size are hard to come by, especially with this clarity. Normally, clarities for red diamonds are in the SI level or lower, due to their nature. The last significant red diamond offered at auction was the 1.42 carat Fancy Red diamond with a VS2 clarity that was sold on December 10, 2014 and was sold for $1.52 million per carat. Just a month earlier, on November 25, 2014 the famous 2.09 carat, heart shape Fancy Red diamond by Moussaieff was sold for $2.44 million per carat, which up to now, holds the world record per carat price.

The exceptional pair of earrings with both blue and pink diamonds are also accompanied by a pair of colorless diamonds (featured on the cover of the catalogue for this auction). The colorless diamonds are 10.06 and 10.03 carat D color, Internally Flawless. One blue diamond is a 2.05 carat, Fancy Intense Blue diamond with a VVS1 clarity (GIA 6204374427) while the other is a 2.06 carat, Fancy Grayish Blue (GIA 2205556156). The pinks involve a 1.06 carat Fancy Intense Pink diamond with an SI2 clarity (GIA 5201425051) while the other is a 1.07 carat Fancy Intense Pink (GIA 11926491). it is valued between $2.725 million and $3.815 million.

A 3.96 carat, Fancy Deep Blue with SI1 clarity (GIA 11808258) is being valued between $1.58 million and $2.56 million or $399.1k and $646.8k per carat.

A 3.81 carat, Fancy Purplish Pink diamond (GIA 5141605707) is valued between $523k to $708k or $137 to $186k per carat. Considering the clarity is not mentioned, and that the color is weak, it may end up selling at the lower end of the valuation.

I look forward to seeing how the red sells, but i have a feeling it will break a record. Feel free to contact us for a consultation on acquiring your next Investment Fancy Color Diamond.