Geneva Auctions Heating Up With Major Announcement by Sotheby’s

The full catalogs for the Geneva auctions of both Sotheby’s and Christie’s have not yet been published, but Sotheby’s has already given a glimpse of three very unique and rare fancy color diamonds. I know many more unique items will be offered, so I decided to already secure my flight to their auctions next month. The November auctions in Geneva are notorious for their record breaking prices, as the auction houses reserve their most special gems for this occasion every year. The auctions this year are already shaping up to be memorable.

Fancy Vivid Blue Diamonds Rarer than Ever

A very special 8.01 carat Fancy Vivid Blue diamond, nicknamed the “Sky Blue diamond”, is being offered by Sotheby’s. Its clarity is not yet mentioned and yet it is valued between $15 million and $25 million, or $1.873 million to $3.121 million per carat. Once more details are published by Sotheby’s, such as clarity and certificate, we will know whether or not this is the same unique diamond that was sold back on April 3, 2012 at the Sotheby’s Hong Kong auction, which sold for $12,778,544 total or $1.595 million per carat. Nevertheless, it will be interesting to see what 4 years have done to the value of such a rare Fancy Vivid Blue diamond.

 

sky blue diamond

The 8.01 carat Fancy Vivid Blue “Sky Blue” diamond          Image credit: Sotheby’s

 

8 carat vivid blue diamond sold in 2012

The 8.01 carat Fancy Vivid Blue diamond that was auctioned in 2012          Image credit: Sotheby’s

The Sky Blue Diamond which will be auctioned off        Video Credit: WSJ

 

The current record holder in the 5-10 carat Fancy Vivid Blue diamond category is the famous 9.75 carat Fancy Vivid Blue pear shaped Bunny Mellon diamond. When it sold in 2014 and was nicknamed the “Zoe” diamond, it launched the new trend of highly demanded Fancy Vivid Blue Diamonds. On November 20, 2014, exactly 2 years ago, it sold for a then huge record of $3.348 million per carat.

the 9.75 ct zoe diamond

The 9.75 carat Fancy Vivid Blue “Zoe” diamond          Image credit: Sotheby’s

Fancy Intense Pink Diamonds Equal Rarity

A unique 17.07 carat Fancy Intense Pink diamond with a next to perfect VVS1 clarity and with an amazing long emerald shape will also be up for auction that evening at Sotheby’s.

 

17.07 carat fancy intense pink vvs1 diamond

The 17.07 carat Fancy Intense Pink VVS1 diamond          Image credit: Sotheby’s

 

There have been only two Fancy Intense Pink diamonds to appear at auction that were larger than this one. The most recent was the 34.65 carat Fancy Intense Pink “Princie Pink” diamond which sold on April 1, 2013 for $39.3 million. The other is the famous Graff Pink diamond, a 24.78 carat Fancy Intense Pink diamond that was later re-polished into a 23.88 carat Fancy Vivid Pink diamond. Graff acquired it at auction on November 16, 2010.

 

princie pink diamond

The 34.65 carat Fancy Intense Pink “Princie Pink” diamond          Image credit: Jewellery Through Time

 

The 17.07 carat Fancy Intense Pink diamond is currently valued at a final sales price of $12 million – $15 million, or $703k to $879k per carat, a far cry from the current world record holder of $1.86 million, the price per carat that was paid for the Graff Pink.

 

the graff pink (1)

The 23.88 carat Fancy Vivid Pink “Graff Pink” diamond          Image credit: Graff Diamonds

 

The second Fancy Intense Pink diamond of the evening is a 13.20 carat Fancy Intense Pink Internally Flawless pear shaped diamond. It is valued at a final sales price of $9 million – $14 million, or $682k to $1.06 million per carat. This too would not be a record breaker, but will maintain a solid enough price range for this type of rare diamond.

13.20 carat fancy intense pink if diamond

The 13.20 carat Fancy Intense Pink pear shaped diamond          Image credit: Sotheby’s

 

We look forward to sharing the rest of the unique and rare items that will be offered in Geneva, once the full spectrum of items is revealed by Sotheby’s and Christie’s. What do you think will happen at the Geneva auctions this year? Will more record prices be broken? Tell us what you think in the comments!

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