Sotheby’s Geneva Magnificent Jewels Auction Will Be A Test Of Strength For Fancy Color Diamonds And Offering The Largest Fancy Color Diamond Of Its Kind At Auction
Next week, Sotheby’s will be the first auction house to put on the first major in-person auction for 2020. There are quite a few nice and rare Fancy Color Diamonds and it is time for us to get back on the horse and write reviews. For this auction, I will review the Fancy Color Diamonds based on estimated value from lowest to highest.
The 1.51 carat, Fancy Deep Purple-Pink Diamond is set in a ring, and has an SI2 clarity. This is an unusual color combination. The clarity is much less desired by the investment community, and the fact that it is deep, it is also less desired. It is valued between $180k to $280k or $119k to $185k per carat. This is an acceptable valuation.
The 4.09 carat, Fancy Pink diamond, with an Internally Flawless clarity is a truly rare item. It is valued between $830k to $980k or $203k to $240k per carat. Now unless the color is very weak and is closer to a Fancy Light Pink, we should be able to see the price climb quite easily to $1.4 million to $1.6 million total. This will be a good test to see where the market is holding. In November 2018 2 similar diamonds were sold, both in the low 5 carat weight. One was with the same clarity while the other was a VS1. Both sold between $414k to $431k per carat. Let’s see what happens…
A 3.77 carat, Fancy Light Pink Diamond is being offered for between $300k to $490k or $80k to $130k per carat. It is a round brilliant which makes it quite unique as round style will be valued between 35-50% more than other shapes. Can it sell for more? very possible due to the rarity of round Fancy Color Diamonds.
A 5.29 carat, pear shape, Fancy Grey-Blue diamond with an SI1 clarity is being offered between $780k to $1.17 million or $147k to $221k per carat. The low valuation compared to a straight Fancy Blue Diamond is the equal balance with the grey color. If it was greyish, the value would have been higher than the current color offered. It seems the color is nice and balanced and therefore may reach the high end of the valuation. This will also be a great market test for fancy color diamonds. It is important to note that this is the largest diamond of its color combination to be offered at auction.
A 3.03 carat, Fancy Intense Blue diamond with a disappointing I1 clarity is being offered at between $980k to $1.46 million or $323k to $482k per carat. This is where the value should be for such a clarity, and the only way it will break the higher end of the valuation is if it can be recut into a Fancy Vivid Blue Diamond. We shall see what happens…
The 7.00 carat, Fancy Intense Pink diamond being offered has a VVS2 clarity, and is in a marquise shape. It is being valued between $2.44 million and $3.41 million or $349k to $487k per carat. After seeing the valuation, there are only 2 options at hand; either the color is weak and it is near a Fancy Pink, and the price is just right, or the auction house has given a low evaluation so that we can see a “pop” in the price so they can give major headlines for the market.
The top valued lot for the auction is the 3.01 carat, Fancy Vivid Blue Diamond with a VS1 clarity. It is valued between $4.19 million to $6.13 million or $1.392 million to $2.037 million per carat. With this color, size and clarity, it should not have a problem surpassing the low valuation. If the color is strong, it will sell at the high end of the valuation, or surpass it slightly. There are diamonds that are similar that are being offered on the market for slightly higher prices, but the clarity is better. This is another test for the Fancy Color Diamonds market.
There is a variety of nice, and rare Fancy Color Diamonds offered at this auction. Let’s see what results will happen, which will show how strong or resilient the market is currently for this type of Luxury Asset.
- Sotheby’s Geneva Magnificent Jewels Was A Real Disaster! Or Was It Not?
- Sotheby’s Geneva Results Showing Investors And Collectors Looking For The Highest Quality Fancy Color Diamonds
- Magnificent Jewels Auctions In New York Successfully Seals 2020 Despite Virus Challenge
- Sotheby’s Magnificent Jewels In Hong Kong Yields Strong Results During Pandemic Despite Many Fancy Color Diamonds Not Selling
- Sotheby’s Will Try To Reignite The Love For Fancy Color Diamonds With A Unique Pair Of Hearts At The Upcoming Hong Kong Auction