Hong Kong Magnificent Jewels Auction Will Display Blue And Pink Diamonds

The upcoming Hong Kong Magnificent Jewels in Hong Kong on October 7 will offer a variety of Blue and Pink Diamonds. It seems that the market still has appetite for Fancy Color Diamonds despite Covid-19. Many individuals are actually making money during these challenging times and some decided to diversify into hard assets such as Fancy Color Diamonds.

The top lot in terms of valuation is the exquisite pair of Round Brilliant Fancy Intense Blue Diamonds earrings. The 1.95 carat with a VVS1 clarity is being offered with a 1.63 carat with a VS1 clarity. The GIA certificates are 1112845814 and 2193503399. They are offered with a pair of 5ct D color Internally Flawless, pear shape diamonds. The valuation is between $3.61 million and $4.51 million or $1 million to $1.26 million per carat. The valuation is quite high. The only instance that the per carat price of $1 million or more was paid for a 1-3 carat size Fancy Intense Blue was back in 2017 and 2018, but in both instances, the diamonds were above 2 carat in weight.

1.95 & 1.63 carat Fancy Intense Blue Diamonds
Image Credit: Sotheby’s

A 5.22 carat, Fancy Intense Blue diamond with an Internally Flawless clarity by Cartier (GIA certificate #2205424972) is being offered for between $3.23 million and $3.87 million or $618k to $741k per carat.

5.22 carat, Fancy intense Blue Diamond
Image Credit: Sotheby’s

An 18.68 carat, Fancy Light Purplish Pink diamond with an SI2 clarity (GIA 2171737594) is being offered between $1.8 million to $2.19 million or $96.7k to $117.4k per carat.

18.68 carat, Fancy Light Purplish Pink diamond
Image Credit: Sotheby’s

A 2.08 carat, Fancy Vivid Purplish Pink diamond with an SI2 clarity (GIA 5202928233) accompanied by a 24.88 carat jadeite set in a ring is being offered for $1.42 million to $1.94 million or 682k to $930k per carat. The valuation is quite low for such a rarity size of 2 carats. Currently the supply for such a size is constraint. On the other hand, the clarity of SI2 will play a role in a low bidding environment.

2.08 carat, Fancy Vivid Purplish Pink diamond
Image Credit: Sotheby’s

A 3.88 carat, Fancy Dark Grey-Blue diamond with a VS1 clarity (GIA 2191383781) is being offered. It is being evaluated between $903k to $1.16 million or $233k to $299k per carat. The dark intensity is not favored by investors, and if the grey secondary tone was grayish, it would have been better…

3.88 carat, Fancy Dark Grey-Blue diamond
Image Credit: Sotheby’s

A rare 3.64 carat, Fancy Pink, round brilliant and an Internally Flawless clarity Diamond (GIA 1162587333) is being offered between $709k to $903k or $195k to $248k per carat. Based on this valuation, the color must be very weak and close to Fancy Light Pink.

3.64 carat, Fancy Pink Diamond
Image Credit: Sotheby’s

A 7.33 carat, Light Pink diamond with a VS2 clarity (GIA 6203319725) is being offered between $374k to $490k or $51k to $67k per carat.

7.33 carat, Light Pink diamond
Image Credit: Sotheby’s

A 1.01 carat, Fancy Intense Green diamond with a VS2 clarity (GIA 6335883328) is being offered between $64.5k to $103k. The color is quite rare, but the dangerous part is the weight. Being that it is a 1.01, should it ever chip because of a major hit, it has the possibility of falling below the 1.00 carat weight and then the value will significantly go down.

1.01 carat, Fancy Intense Green diamond
Image Credit: Sotheby’s

I look forward to reporting results and see how sales will shape up.

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