Christie’s Successful Geneva Magnificent Jewels Sells Unique Fancy Color Diamonds
on July 22, Christie’s sold the majority of Fancy Color Diamonds, and ended the evening with sales totalling $43.3 million (CHF 40.01 million @ 1.08 exchange rate). Thirty eight items went unsold and 2 were withdrawn, while the rest was sold. The majority of the Fancy Color Diamonds went to new owners.
The 5.37 carat, Fancy Vivid Blue diamond by Reza had a hammer price of CHF 7,450,000 but after commissions, fees and exchange rate, was sold for $9.43 million or $1.756 million per carat. It was sold for less than the typical Vivid Blue that weighs this much and with an Internally Flawless clarity.

Image Credit: Christie’s
The 104.04 carat Fancy Intense Yellow diamond was sold for $2.608 million or $25k per carat. This is not a strong price for Fancy Intense Yellow Diamonds. There is a strong possibility that the color was weak. There have been Fancy Intense Yellow Diamonds that were sold for also $40k per carat.

Image Credit: Christie’s
The 41.80 carat Fancy Vivid Yellow Diamond bracelet by CARTIER ended up selling for $2.6 million or $62.4k per carat on average. There are 12 Fancy Vivid Yellow Diamonds weighing between 2.20 carats to 5.40 carats and between VVS2 and SI1 clarity. I believe the buyer overpaid for this piece of jewelry as an investment. An investor can easily collect similar shapes Fancy Vivid Yellow diamonds that can recreate such a bracelet and end up with a much lower cost.

Image Credit: Christie’s
The 30.01 carat, Fancy Intense Yellow, Heart Shape diamond by GRAFF was sold for $742k or $24.7k per carat. It was valued between $583k and $689k in total. As we have stated, it sold for more.

Image Credit: Christie’s
The 2.01 carat, Fancy Purple, ended up selling for $392k or $195k per carat. This was in line with the $318k to $530k total estimate by Christie’s.

Image Credit: Christie’s
The 1.52 carat, Fancy Pink with Internally Flawless clarity was sold for $121,500 total or $80k per carat, after an evaluation between $62.7k to $77k per carat. It surpassed the high valuation as we reported it.

Image Credit: Christie’s
All the unsold items were removed from the site (as of the date of this publishing); a true disappointment and very low transparency with the market. I would have expected Christie’s to leave all items listed on their website, even if they went unsold or removed. They should have remained with a note saying “removed” and “unsold”.

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